Reuters Asia Business

By Eric Onstad and Hyunjoo Jin LONDON/SEOUL (Reuters) -For years, Rahim Suleman had reached out repeatedly to automakers and other potential clients to market the rare earth magnets from the plant his company was building in Estonia, one of just a handful outside dominant producer China. But after April 4, when Beijing imposed new restrictions …

Rare earth magnet users jolted into paying premium prices for ex-China supply Read More »

(Reuters) -Citigroup Inc has hired veteran investment banker Akira Kiyota from Nomura Holdings Inc and promoted insider Taiji Nagasaka as co-heads of investment banking for Japan, it said on Tuesday. The appointments, effective October 1, underscore a push by Wall Street banks to expand their presence in Japan after a rebound in M&A activity and …

Citigroup hires ex-Nomura veteran Kiyota, insider Nagasaka as Japan co-heads for investment banking Read More »

By Joe Cash BEIJING (Reuters) -China’s top leaders pledged on Tuesday to step up regulation of aggressive price-cutting by Chinese companies, state news agency Xinhua reported, as the world’s second-biggest economy struggles to shake off persistent deflationary pressures. Overcapacity among Chinese manufacturers and the price cuts made to clear stock, have sparked price wars that …

China’s top leaders vow crackdown on price wars as deflation risks mount Read More »

By Olivia Le Poidevin GENEVA (Reuters) -China is ready to have discussions about trade policies, including tariffs and subsidies, that Washington has identified as obstacles to reforming the World Trade Organization, a senior delegate at China’s mission to the WTO said. China had heard “every word” the U.S. had said at the WTO about its …

China ready to discuss tariffs and subsidies with US at WTO Read More »

By Neha Arora NEW DELHI (Reuters) -India’s finished steel imports fell 27.6% in the first two months of the financial year that started in April, as shipments from China and Japan declined, provisional government data reviewed by Reuters showed on Tuesday. India, the world’s second-biggest crude steel producer, imported 0.9 million metric tons of finished …

India’s April-May finished steel imports fall 27.6% year-on-year as China, Japan shipments decline Read More »