Reuters Asia Business

Japan’s minority government faces election snub as economic storm brews

19 Jul 2025

By John Geddie and Tim Kelly TOKYO (Reuters) -Japan’s shaky minority government is poised for another setback in an upper house vote on Sunday, an outcome that could jolt investor confidence in the world’s fourth-largest economy and complicate tariff talks with the United States. Prime Minister Shigeru Ishiba’s Liberal Democratic Party (LDP), which has ruled …

Japan’s minority government faces election snub as economic storm brews Read More »

Exclusive-Blackstone drops out of consortium bid for TikTok US, source says

19 Jul 2025

By Dawn Chmielewski and Krystal Hu (Reuters) -Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted and there have been several delays in the TikTok deal now at the center …

Exclusive-Blackstone drops out of consortium bid for TikTok US, source says Read More »

Exclusive-Tesla IT exec with no traditional car-sales experience is running sales, sources say

18 Jul 2025

By Rachael Levy (Reuters) -A relatively little-known information technology executive is running Tesla’s sales team as the electric carmaker grapples with a drop in sales, according to people familiar with the matter. Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recently took over the sales role, said the …

Exclusive-Tesla IT exec with no traditional car-sales experience is running sales, sources say Read More »

Equities little changed; US yields dip as investors look to tariffs, earnings, economic data

18 Jul 2025

By Sinéad Carew and Iain Withers NEW YORK/LONDON (Reuters) -MSCI’s global equity index advanced slightly while U.S. Treasury yields dipped and Wall Street equities were barely changed on Friday as investors waited for corporate earnings and monitored the latest U.S. tariff threats while they digested a mixed economic picture.  U.S. consumer sentiment improved in July …

Equities little changed; US yields dip as investors look to tariffs, earnings, economic data Read More »

Canada’s steel import duties violate WTO rules, says China

18 Jul 2025

By Promit Mukherjee OTTAWA (Reuters) -The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order. The embassy statement, in response to questions from Reuters, followed an agreement between Canada and China in June …

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IMF eyes revised global forecast, but warns trade tensions still cloud outlook

18 Jul 2025

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund warned on Friday that risks related to trade tensions continue to cloud the global economic outlook and uncertainty remains high despite some increased trade and improved financial conditions. IMF First Deputy Managing Director Gita Gopinath said the fund would update its global forecast later in July …

IMF eyes revised global forecast, but warns trade tensions still cloud outlook Read More »

Singapore says cyber espionage group targeting critical infrastructure

18 Jul 2025

SINGAPORE (Reuters) -Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. “UNC3886 poses a serious threat to us, and has the potential to undermine our national security,” Coordinating Minister for National Security K. Shanmugam said in a …

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Chinese automakers should pursue ‘rational competition’ in EV industry, official says

18 Jul 2025

BEIJING (Reuters) -Major automakers should push for “rational competition” in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday. The comments from Che Jun, head of a Communist Party central leading group, came a day after China’s cabinet pledged to regulate what …

Chinese automakers should pursue ‘rational competition’ in EV industry, official says Read More »

Kansai Electric to move towards building new nuclear plant, Nikkei says

18 Jul 2025

TOKYO (Reuters) -Japan’s Kansai Electric Power has decided to take steps towards building a new nuclear power plant, the first such move since the 2011 Fukushima nuclear disaster, the Nikkei business daily reported on Friday. Kansai Electric said in a statement posted on its website that the newspaper report was not what the company had …

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