Reuters Asia Business

Singapore data centre NTT DC REIT to raise around $773 million from IPO

7 Jul 2025

SINGAPORE (Reuters) -Singapore data centre real estate investment trust NTT DC REIT intends to raise gross proceeds of around $773 million from its initial public offering on the domestic bourse, it said on Monday. NTT DC REIT, whose sponsor or backer, NTT Ltd is part of Japanese telecommunication giant Nippon Telegraph and Telephone Corp (NTT), has six …

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TikTok building new version of app ahead of expected US sale, The Information reports

7 Jul 2025

(Reuters) -TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The Information reported on Sunday, citing unnamed sources. This comes as U.S. President Donald Trump said on Friday he will start talking to China on Monday …

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Malaysia central bank expected to cut rates for first time in five years: Reuters poll

7 Jul 2025

By Rahul Trivedi BENGALURU (Reuters) -Malaysia’s central bank will cut its key interest rate for the first time in five years on Wednesday according to a slim majority of economists in a Reuters poll, a sharp shift from the near-unanimous call in previous surveys for no move this month. Expectations have shortened from no cut …

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Siemens Healthineers does not expect China restrictions to affect business

7 Jul 2025

MUNICH (Reuters) -Siemens Healthineers does not expect the current developments in China to have a material impact on its business, a spokesperson for the German medical technology group said on Monday. “Our strong presence in China is part of the global manufacturing footprint we have built up over the years to strategically serve local markets …

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Japan Activation Capital takes stakes in manufacturers Omron, Tadano

7 Jul 2025

TOKYO (Reuters) -Japan Activation Capital (JAC) has taken stakes in manufacturers Omron and Tadano, according to statements released on Monday, as the investment firm ramps up its exposure to Japanese companies. JAC’s took a roughly 4% stake in Omron for about 30 billion yen ($210 million), according to the investment firm. Shares of Omron, a …

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Factbox-How China tightened its grip over its rare earth sector

7 Jul 2025

(Reuters) -When China restricted rare earth exports to Japan in 2010 during a diplomatic spat, a wild west domestic industry undermined Beijing with rampant smuggling. In a sharp shift that reflects how China has massively tightened control over the sector since then, when it imposed new restrictions in April this year, automakers worldwide faced shortages …

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Thailand submits new trade proposal offering zero tariffs on many US goods

7 Jul 2025

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday. Washington has threatened to impose a 36% levy …

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Analysis-China’s rare earth export controls are good for Beijing, bad for business

7 Jul 2025

(Reuters) -China’s export restrictions on rare earths brought parts of the global auto supply chain to a halt and U.S. President Donald Trump to the negotiating table. But at home, they’re a big headache for companies already struggling with a slow economy. Beijing curbed rare earth and magnet exports in April in retaliation against U.S. …

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