Reuters Asia Business

China says Wells Fargo banker under exit ban is involved in criminal case

21 Jul 2025

By Liz Lee, Lananh Nguyen and Nupur Anand BEIJING/NEW YORK (Reuters) -China’s Foreign Ministry said on Monday that Chenyue Mao, the Wells Fargo banker who has been blocked from leaving the country, was involved in a criminal case and obliged to cooperate with the investigation.  Mao is the latest of several executives from foreign corporations …

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Hong Kong investigates Louis Vuitton data leak affecting 419,000 customers

21 Jul 2025

HONG KONG (Reuters) -Hong Kong’s privacy watchdog said on Monday it was investigating a data leak affecting about 419,000 customers at Louis Vuitton, as the brand grapples with a series of breaches in several countries.  Leaked information included names, passport details, addresses and email addresses as well as phone numbers, shopping history and product preferences, …

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NHTSA closes engine failure probe into 454,840 Nissan vehicles

21 Jul 2025

(Reuters) -The National Highway Traffic Safety Administration said on Monday that it is closing a preliminary evaluation into 454,840 Nissan vehicles over engine failure after the Japanese automaker issued a recall in June. The probe, which was opened in December 2023, alleged that engine failures in certain Nissan vehicles were leading to loss of motive …

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Indonesia says 19% US tariff might kick in before August 1

21 Jul 2025

JAKARTA (Reuters) -Indonesia’s chief economic minister Airlangga Hartarto said on Monday that a 19% tariff on Indonesian goods entering the United States could come into effect sooner than an August 1 deadline set by U.S. President Donald Trump. Airlangga said the timing of the tariff depended on a joint statement expected soon between the two …

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Death sentence suspended for former official at Chinese defence gear supplier, state media reports

21 Jul 2025

BEIJING (Reuters) -The former deputy general manager of a Chinese state-owned supplier of defence gear, He Wenzhong, was handed a death sentence with a two-year reprieve over charges linked to bribery, the national broadcaster CCTV reported on Monday. During his tenure at China Electronics Technology Group Corp from 2006 to 2023, He accepted more than …

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Nvidia CEO’s China charm offensive underscores rock star status in key market

21 Jul 2025

By Che Pan, Liam Mo and Casey Hall BEIJING/SHANGHAI (Reuters) -Nvidia CEO Jensen Huang is no stranger to Beijing, but his most recent visit, his third to China this year, cemented his rock star status in the country, where fans mingled freely with the AI titan on the streets of the capital. It was a …

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China denies link to espionage group accused of attacking Singapore critical infrastructure

21 Jul 2025

SINGAPORE (Reuters) -The Chinese embassy in Singapore refuted claims that an espionage group accused of performing cyberattacks on Singapore’s critical infrastructure was linked to China. In a Facebook post published over the weekend, the Chinese embassy said such claims were “groundless smears and accusations”. “The embassy would like to reiterate that China is firmly against …

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Chinese exports of two critical minerals plunge even as rare earths rebound

21 Jul 2025

By Lewis Jackson BEIJING (Reuters) -China’s exports of two critical minerals used in weapons, telecommunications and solar cells have plunged over the past three months amid a crackdown on smuggling and transshipment that has involved China’s top spy agency. Exports of antimony and germanium in June were down 88% and 95%, respectively, versus January, according …

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Factbox-Closures, disposals reshaping the global petrochemical sector

21 Jul 2025

MILAN/HOUSTON/NEW DELHI (Reuters) -A wave of closures and disposals is reshaping the global petrochemical sector as companies around the world rethink their exposure to markets as they adjust to capacity build-up in China and higher costs in Europe. The European Union is being hit the hardest by the rationalisation, while the United States and the …

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