Reuters Asia Business

REUTERS NEXT-Markets becoming desensitised to Trump’s tariff shifts, CGS International CEO says

By Yantoultra Ngui, Jun Yuan Yong and Himanshi Akhand SINGAPORE (Reuters) -Global financial markets are becoming “desensitised” to U.S. President Donald Trump’s tariff decisions, according to CGS International Securities Group Chief Executive Carol Fong. Speaking on a panel at the Reuters Next Asia summit in Singapore, she said investors were no longer reacting as sharply …

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Vietnam to introduce measures to cope with US tariffs, trade official says

HANOI (Reuters) -Vietnam will devise measures to improve product quality to cope with potential risks from U.S. tariffs, as it seeks to expand exports to other markets and reduce its reliance on the United States, the country’s deputy trade minister said on Wednesday. The Ministry of Industry and Trade is coordinating with firms to work …

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China’s factory-gate deflation worst in 2 years as trade war bites

BEIJING (Reuters) -China’s producer deflation deepened to its worst level in almost two years in June as the economy grappled with uncertainty over a global trade war and subdued demand at home, piling pressure on policymakers to roll out more support measures. While consumer prices rose for the first time in five months, the uptick …

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Hong Kong’s Henderson Land to raise $1 billion through convertible bonds

(Reuters) -Henderson Land Development is raising HK$8 billion ($1.02 billion) through convertible bonds for general corporate purposes and refinancing, the Hong Kong property developer said. The convertible bond issue was announced on Tuesday by Henderson Land, which was founded by Lee Shau Kee, the late Hong Kong property magnate and one of the city’s richest …

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China places export controls on eight Taiwanese firms citing dual-use tech concerns

BEIJING (Reuters) -China’s commerce ministry on Wednesday said it has added eight Taiwanese firms to an export controls list, citing concerns over shipments of dual-use technologies from the democratically governed island that Beijing views as its own territory. The eight companies are from Taiwan’s aerospace, shipbuilding and technology sectors. (Reporting by Joe Cash; Editing by …

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Factbox-Retailers’ exposure to tariffs on Asian countries

NEW YORK (Reuters) -U.S. clothing retailers and footwear companies are facing heightened tariff exposure after the White House said it would put levies on more than a dozen nations, including several Asian countries like Vietnam and Indonesia, that supply large volumes of textiles to U.S. companies. Those levies range roughly from 25% to 40%. Here …

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BOJ’s Koeda says she’s keeping an eye on second-round effects from rice prices -Bloomberg

TOKYO (Reuters) -Bank of Japan board member Junko Koeda said she was keeping a close eye on possible second-round effects on underlying inflation from recent rises in the price of rice, Bloomberg News reported on Wednesday. In an interview conducted on Monday, Koeda said it was inappropriate to predict now how soon the BOJ could …

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Analysis-Trump’s tariff deadline delay brings hope, confusion to trade partners, businesses

By David Lawder, Andrea Shalal and Timothy Aeppel WASHINGTON (Reuters) -U.S. President Donald Trump’s latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity …

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