Reuters Asia Business

By Yuka Obayashi TOKYO (Reuters) -Japan will begin test mining for rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, in January next year, the head of the government-backed project said on Friday.  Tokyo is seeking to secure stable supplies of critical minerals amid tightening export controls …

Japan to begin test mining rare-earth mud from seabed in early 2026 Read More »

MILAN (Reuters) -EU spirits association spiritsEUROPE on Friday welcomed China’s decision to exempt major cognac producers from dumping duties on imports into the country, but called on the government to drop all punitive measures. China spared major cognac producers LVMH, Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy …

EU spirits industry calls on China to lift all curbs on brandy imports Read More »

BEIJING (Reuters) -Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that May shipments of foreign-branded phones in China fell …

Chinese sales of foreign phone makers, including Apple, drop 9.7% in May Read More »

By Tomo Uetake TOKYO (Reuters) -Japan’s upcoming upper house election could have important implications for fiscal health and credit ratings if it brings large tax cuts, Moody’s Ratings said. The July 20 vote is crucial for the continuity of Prime Minister Shigeru Ishiba’s administration, especially after his ruling Liberal Democratic Party (LDP) and coalition partner …

Japan July 20 election results could impact fiscal health, ratings, Moody’s says Read More »