BEIJING (Reuters) -China’s foreign ministry said on Wednesday that the European Union should rebalance its mindset towards the bloc’s trade ties with China. “We hope the EU realise that what needs rebalancing at the moment is the EU’s mentality, not China-EU economic and trade relations,” Mao Ning, a ministry spokesperson, told a regular press briefing. …
China says EU should rebalance mindset towards trade ties Read More »
BANGKOK (Reuters) -Thailand is preparing more than 40 billion baht ($1.22 billion) in measures to mitigate the impact of U.S. tariffs, a deputy finance minister said on Wednesday. The central bank should also ease monetary policy further, Paopoom Rojanasakul told reporters. ($1 = 32.66 baht) (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by …
Thailand preparing $1.2 billion in measures to address US tariff impact Read More »
SINGAPORE (Reuters) -Thai Airways International could exercise an existing option to buy more planes from U.S. planemaker Boeing as part of Thailand’s tariff negotiations with the United States, CEO Chai Eamsiri told a Reuters NEXT Asia summit on Wednesday. The flag carrier in February last year said it had ordered 45 Boeing 787-9 wide-body jets …
Thai Airways could firm up Boeing order as part of tariff talks, CEO says Read More »
KUALA LUMPUR (Reuters) -Malaysia will not cross certain “red lines” in its negotiations with the United States, its trade minister said on Wednesday, as the country continues talks with Washington to lower a 25% tariff imposed on its exports. Investment, Trade and Industry Minister Tengku Zafrul Aziz declined to go into detail about what those …
Malaysia will not cross “red lines” in U.S. tariff negotiations, minister says Read More »
BEIJING (Reuters) -Chinese electric vehicle maker BYD on Wednesday promised to take responsibility for losses to cars with its God’s Eye assisted driving systems in smart parking scenarios in China. BYD has achieved smart parking equivalent to level 4, meaning drivers can take their hands, eyes and minds off the driving task under certain conditions, …
BYD makes safety pledge for cars with proprietary assisted driving in China Read More »
By Xinghui Kok SINGAPORE (Reuters) -Singapore is shortening the time it takes for wealthy clients to open private bank accounts and get tax incentives for their family offices, a minister said on Wednesday. The moves are designed to keep Singapore attractive as a hub for the finances of the wealthy even as it tightens regulations …
Singapore to cut time to set up bank accounts for family offices, ultra-wealthy Read More »
By Bernadette Christina JAKARTA (Reuters) -Indonesia on Wednesday handed over nearly 400,000 hectares (988,000 acres) of seized palm oil plantations to Agrinas Palma Nusantara, giving the new state company a sizeable land bank that could make it one of the world’s biggest oil palm growers. The plantations were seized by the government’s forestry task force …
Indonesia gives sizeable land to palm oil company Agrinas Read More »
BANGKOK (Reuters) -Thailand’s economy is expected to slow in the second half of the year and faces heightened uncertainty, the central bank said on Wednesday, as consumer confidence hit the lowest level in more than two years. Thai exports, a key driver of the economy, were expected to contract 4% on a yearly basis in …
Thai central bank sees economy slowing in second half as tariffs hit exports Read More »
By Ruma Paul and Fatima johora ASHULIA, Bangladesh (Reuters) -The fear of job losses is rippling through Bangladesh’s garment hubs as U.S. President Donald Trump’s 35% tariff on the South Asian nation threatens orders from its main export market and crimps the country’s biggest industry. The readymade garments sector accounts for more than 80% of …
After US tariffs, jobs hang by a thread in Bangladesh’s garments sector Read More »
BEIJING (Reuters) -The size of China’s economy will exceed 140 trillion yuan ($19.5 trillion) this year, the head of the state planner said as policymakers look to steer the country beyond the current five-year policy plan, which concludes at the end of 2025. The world’s second-largest economy is grappling with a prolonged trade war with …
China economy to top $19.5 trillion this year, says state planner Read More »
