By Leika Kihara TOKYO (Reuters) -Japan’s trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1. Akazawa said he held a 40-minute phone talk with U.S. Commerce Secretary Howard …
Japan vows to seek U.S. auto tariff concessions in trade talks Read More »
HANOI (Reuters) -Vietnam will soon sign an agreement with Indonesia to boost long-term rice shipments, the Vietnamese government said on Tuesday in a statement, after exports plunged in the first half of the year. The statement came hours after Vietnamese Prime Minister Pham Minh Chinh met Indonesian President Prabowo Subianto on the sidelines of the …
Vietnam, Indonesia agree to sign rice trade deal as shipments plunge Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant’s ability to revive its struggling semiconductor business. The world’s biggest memory chipmaker blamed the profit miss on U.S. …
Samsung flags big miss in Q2 profit, blames US AI chip curbs to China Read More »
By Jack Kim and Ju-min Park SEOUL (Reuters) -South Korea said it planned to intensify trade talks with the United States and considered U.S. President Donald Trump’s plan for a 25% tariff from August 1 as effectively extending a grace period on implementing the duties. Trump informed Seoul and more than a dozen other trading …
South Korea to step up US trade talks before tariffs kick in on August 1 Read More »
BANGKOK (Reuters) -Thailand’s cabinet on Tuesday withdrew a draft law for casinos and entertainment complexes, citing the need for more time to engage with the public and create more understanding about the issue. The government earlier set its sights on building a major gaming industry that will complement tourism, a key economic driver for the …
Thailand’s cabinet shelves draft law for casinos Read More »
HANOI (Reuters) -Vietnamese Prime Minister Pham Minh Chinh and China’s Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam’s government said on Tuesday. The move came days after U.S. President Donald Trump announced a new trade …
Vietnam, China agree to boost trade ties as Trump tariffs hit Read More »
By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Rio Tinto’s new CEO, who could be announced as soon as this month, should be open to transformative merger and acquisition deals as well as sharpening productivity and cost cuts, said two people aware of the chair’s priorities. The world’s biggest iron ore miner is in the …
Exclusive-Next Rio Tinto boss expected to entertain big deals, cut costs, sources say Read More »
(Reuters) -China is considering doubling an investment channel local investors use to buy bonds overseas, Bloomberg News reported on Monday, citing people familiar with the matter. Regulators have held early talks about expanding the “Southbound” leg of its Bond Connect channel to as much as 1 trillion yuan ($139.41 billion), the report added, citing unnamed …
BEIJING (Reuters) -China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Washington and Beijing agreed to a trade framework in June that restored a fragile …
China warns Trump on tariffs, threatens retaliation on supply chain deals Read More »
By Maximilian Heath and Ella Cao BUENOS AIRES/BEIJING (Reuters) -U.S. grains trading group Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, marking the first such soymeal cargo since Beijing approved Argentine imports in 2019. Argentina is the world’s largest exporter of soybean …
Bunge charters first Argentine soy meal cargo to China Read More »
