Reuters Asia Business

BEIJING (Reuters) -China saw 6.95 million urban jobs created in the first half of the year, achieving 58% of the country’s annual job creation target, the human resources ministry said on Tuesday. The country’s employment situation in that period was “generally stable”, the ministry said, according to the transcript of its press conference. (Reporting by …

Almost 7 million urban jobs created in China in H1, ministry says Read More »

BEIJING (Reuters) -Smartphone shipments in China were down 2.4% for the second quarter compared with a year ago, Counterpoint Research said on Tuesday. Apple’s sales in China fell 1.6% year-on-year while Chinese mobile maker Huawei’s sales rose 17.6%, Counterpoint said in a press statement. Huawei, the top vendor had a shipment share of 18.1%, followed …

China’s Q2 smartphone shipments down 2.4%, says Counterpoint Read More »

(Reuters) -Australia’s Champion Iron Ltd said on Tuesday Japan’s Nippon Steel and Sojitz Corp will invest an initial C$245 million ($179.11 million) in its Kami iron ore project in Canada for an aggregate 49% interest. The investment follows an agreement that the three companies entered into in December 2024 for the project, which Champion Iron …

Australia’s Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project Read More »

BEIJING (Reuters) -China needs to cut steel output from the coal-powered blast furnace process by more than 90 million metric tons from 2024’s level to achieve its green steel target this year, researchers said in a report published on Tuesday. WHY IT’S IMPORTANT The global steel industry is responsible for around 8% of the world’s …

China needs to cut 2025 steel output to meet decarbonisation target, report says Read More »

(Reuters) -Stargate, a multi-billion-dollar effort by ChatGPT’s creator OpenAI, SoftBank and Oracle to supercharge the U.S.’ AI ambitions is now setting the more modest goal of building a small data center by the end of the year, likely in Ohio, the Wall Street Journal reported on Monday. In January, U.S. President Donald Trump hosted top …

SoftBank and OpenAI’s Stargate aims building small data center by year-end, WSJ reports Read More »

TAIPEI (Reuters) -Taiwan’s state-owned energy company CPC Corp said it is not in talks for “specific” shale gas fields in the United States, but it does not rule out any prospective partners and will make the most favourable decision based on its own evaluations. CPC is in early stage discussions to buy shale-gas producing assets …

Taiwan’s CPC denies ‘specific’ US shale gas acquisition talks Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. and world stocks posted solid gains on Monday as the dollar and bond yields fell, while encouraging corporate earnings and investor optimism that the economic damage from tariffs won’t be too severe also …

Trading Day: Equity optimism hard to quell Read More »