Reuters Asia Business

Indonesia palm oil exports to US may fall due to tariffs, industry group says

8 Jul 2025

JAKARTA (Reuters) -Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian goods, allowing competitors in Malaysia to gain market share, an industry official told Reuters on Tuesday. The two countries are the world’s biggest palm oil producers, but Indonesia has been by far the biggest supplier …

Indonesia palm oil exports to US may fall due to tariffs, industry group says Read More »

China car sales jump in June but EV price war concerns intensify

8 Jul 2025

BEIJING (Reuters) -China’s car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the world’s largest auto market. Sales grew 18.6% in June year-on-year to 2.1 million vehicles from a 13.9% rise in May. First-half sales were up …

China car sales jump in June but EV price war concerns intensify Read More »

Samsung to buy US healthcare services company Xealth

8 Jul 2025

SEOUL (Reuters) -Samsung Electronics said on Tuesday it had signed an agreement to acquire Xealth, a U.S.-based healthcare platform, as part of its efforts to expand its mobile healthcare services business. The South Korean company did not disclose the value of the transaction. Samsung said the two companies hoped to create “synergy between Samsung’s advanced …

Samsung to buy US healthcare services company Xealth Read More »

From ‘fantastic’ to ‘spoiled’: How Japan’s trade effort to woo Trump backfired

8 Jul 2025

By Tamiyuki Kihara, Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president’s long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States. It appeared to work. The pledge was hailed by Trump, …

From ‘fantastic’ to ‘spoiled’: How Japan’s trade effort to woo Trump backfired Read More »

Porsche’s sales fall globally in first half, China leads slump

8 Jul 2025

(Reuters) -German luxury sports carmaker Porsche said on Tuesday its sales fell in the first half of the year, blaming challenging market conditions and intense competition for a 28% slump in the Chinese market. Globally the sales of the carmaker fell 6% and Porsche delivered a total of 146,391 vehicles worldwide, but they grew by …

Porsche’s sales fall globally in first half, China leads slump Read More »

New trade war deadline prolongs instability, UN trade agency says

8 Jul 2025

GENEVA (Reuters) -The Trump administration’s decision to extend a negotiating deadline for tariff rates is prolonging uncertainty and instability for countries, the executive director of the United Nations trade agency said on Tuesday. U.S. President Donald Trump on Monday ramped up his trade war, telling 14 nations, from powerhouse suppliers such as Japan and South …

New trade war deadline prolongs instability, UN trade agency says Read More »

China Northern Rare Earth says exports recover somewhat in June

8 Jul 2025

BEIJING (Reuters) -China Northern Rare Earth said on Tuesday its export orders for rare earth products have recovered to some extent in June. The company, China’s top producer of light rare earth products, is less affected by export controls, it added. Beijing added some medium to heavy rare earths and magnets to its export restriction …

China Northern Rare Earth says exports recover somewhat in June Read More »

Japan’s service sector mood perks up as summer heat offsets US tariff gloom

8 Jul 2025

By Leika Kihara TOKYO (Reuters) -Sentiment in Japan’s service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs. But corporate bankruptcy cases in the first half of this year rose 2.4% from a year earlier to hit a 12-year …

Japan’s service sector mood perks up as summer heat offsets US tariff gloom Read More »

Nissan shares walloped after it boosts planned issuance of convertible bonds

8 Jul 2025

By David Dolan TOKYO (Reuters) -Shares of Japan’s struggling Nissan Motor tumbled more than 6% on Tuesday, extending declines into a second day after it expanded an issuance of convertible bonds announced just this week. In a filing, the automaker cited robust demand for the six-year bonds during book building as the reason for increasing …

Nissan shares walloped after it boosts planned issuance of convertible bonds Read More »

Close Bitnami banner
Bitnami