Reuters Asia Business

As trade war truce with China holds, US lifts curbs for chip design software and ethane

3 Jul 2025

By Karen Freifeld and Surbhi Misra NEW YORK (Reuters) -The United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions including concessions from Beijing over rare earths. Synopsys, Cadence Design Systems and Siemens, three of the world’s largest electronic design …

As trade war truce with China holds, US lifts curbs for chip design software and ethane Read More »

China’s tech giants lobby for offshore yuan stablecoin, sources say

3 Jul 2025

(Reuters) -China’s tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins to counter the growing sway of U.S. dollar-linked cryptocurrencies, people with direct knowledge of the discussions said. The two firms propose China allow the launch of stablecoins in Hong Kong pegged to its offshore yuan to …

China’s tech giants lobby for offshore yuan stablecoin, sources say Read More »

World Bank cuts Thailand’s 2025 GDP growth outlook to 1.8% from 2.9%

3 Jul 2025

BANGKOK (Reuters) -Thailand’s economic growth is projected to slow to 1.8% this year and 1.7% next year amid intensifying global and domestic headwinds, the World Bank said on Thursday. The growth forecasts were reduced from the 2.9% and 2.7%projected in February, respectively. Last year’s GDP growth stood at 2.5%, lagging peers. The slowdown reflects weaker …

World Bank cuts Thailand’s 2025 GDP growth outlook to 1.8% from 2.9% Read More »

South Korea’s Lee pledges ‘bold’ economic policy after martial law crisis

3 Jul 2025

By Josh Smith SEOUL (Reuters) -South Korean President Lee Jae Myung vowed on Thursday to implement a “bold” fiscal policy to boost a flagging economy after the country’s martial law crisis and to tackle challenges posed by looming U.S. tariffs and North Korea. Lee, who was elected on June 3 in a snap election, said …

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Hong Kong retailers under strain as changing trends drive store closures

3 Jul 2025

HONG KONG (Reuters) -Hong Kong’s retailers are battling against shifting consumer habits, as visitors spend less and locals head across the border to China for cheaper dining and shopping, leading to a wave of store closures. A 36-year-old Chinese seafood restaurant chain and a popular high-end food court in the bustling Causeway Bay district closed …

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Analysis-Japan’s yen is a compelling trade but comes at a cost

3 Jul 2025

By Ankur Banerjee SINGAPORE (Reuters) -Global investors are unwinding their wagers on Japan’s yen rising quickly as a cautious central bank, a trade war and the prohibitive cost of holding the currency sour one of the year’s most popular trades. Most analysts and real money investors remain convinced the yen will eventually appreciate as Japan …

Analysis-Japan’s yen is a compelling trade but comes at a cost Read More »

Xiaomi to consider selling cars outside China from 2027, CEO says

3 Jul 2025

(Corrects day in paragraph 5 to Tuesday not Monday) BEIJING (Reuters) -China’s Xiaomi will only consider selling cars outside China from 2027, Lei Jun, CEO of the smartphone turned electric vehicle maker, said during a livestream on Wednesday. The company has to focus on its domestic market in the meantime given robust orders for its …

Xiaomi to consider selling cars outside China from 2027, CEO says Read More »

Barclays reshuffles APAC investment banking leadership to boost regional presence

3 Jul 2025

By Rajasik Mukherjee and Selena Li (Reuters) -Barclays announced on Thursday a series of executive appointments within its Asia Pacific investment banking division, aiming to drive regional growth even as it globally reviews capital allocation to the business. The APAC revamp follows the British banking group’s focus on optimizing capital allocation in investment banking, midway …

Barclays reshuffles APAC investment banking leadership to boost regional presence Read More »

Saudi Arabia, Indonesia sign several deals worth around $27 billion, state news agency says

3 Jul 2025

CAIRO (Reuters) -Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 billion between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported on Wednesday. Indonesian President Prabowo Subianto visited the Gulf kingdom on Wednesday and met Saudi Crown Prince Mohammed bin Salman. The …

Saudi Arabia, Indonesia sign several deals worth around $27 billion, state news agency says Read More »

Cadence says restoring software access in China after US lifts export curbs

3 Jul 2025

(Reuters) -Cadence Design Systems said on Thursday the U.S. had lifted export restrictions on chip design software for China and that it was in the process of restoring access to software and technology to affected customers. (Reporting by Karen Freifeld in New York; Editing by Muralikumar Anantharaman)

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