Reuters Asia Business

China’s Iran oil imports surge in June on rising shipments, teapot demand

27 Jun 2025

By Siyi Liu, Trixie Yap and Enes Tunagur SINGAPORE/LONDON (Reuters) -China’s oil imports from Iran surged in June as shipments accelerated before the recent conflict between Israel and Iran and demand from independent refineries improved, analysts said. The world’s top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels …

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Dollar question hovers over top central bankers meeting in Sintra

27 Jun 2025

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -A million-dollar question will hang over the world’s top central bankers when they meet in Sintra, Portugal, next week: Is the monetary system centred on the U.S. currency beginning to unravel? The central bank heads of the United States, the euro zone, Britain, Japan and South Korea …

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China’s Geely appoints new chair of European business, replacing founder Eric Li

27 Jun 2025

By Marie Mannes STOCKHOLM (Reuters) -China’s Geely Holding, the main owner of Volvo Cars, Lotus and other auto brands, has appointed a new board chair at its key European investment company to replace founder Eric Li, it said late on Thursday. Danish business veteran Lone Fonss Schroder will take the helm at Geely Sweden Holding’s …

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Thai investment board approves Stratus Technology’s $727 million data centre project

27 Jun 2025

BANGKOK (Reuters) -Thailand’s Board of Investment on Friday said it had approved a plan by Stratus Technology, an affiliate of China’s ZDATA Technologies, to invest 23.7 billion baht ($727.22 million) in a new data centre project. The board also approved a planned 4.96 billion baht ($152.19 million) investment by Thai Vietjet Air Joint Stock Co …

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NTT has lodged preliminary prospectus to list REIT on Singapore Exchange

27 Jun 2025

By Yantoultra Ngui SINGAPORE (Reuters) -Japan’s Nippon Telegraph and Telephone Corp (NTT) has lodged a preliminary initial public offering prospectus for its data centre real estate investment trust NTT DC REIT on Singapore’s stock exchange, according to information published on the Monetary Authority of Singapore’s website on Friday. Reuters reported on Wednesday that the company …

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China’s total gold imports via Hong Kong fall 1.5% m/m in May

27 Jun 2025

(Reuters) -China’s total gold imports via Hong Kong fell 1.5% in May from April, Hong Kong Census and Statistics Department data showed on Friday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can significantly influence global gold markets. The Hong Kong data may not provide a complete picture of Chinese purchases, …

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Japan’s finance minister leaves open chance of future bond buyback

27 Jun 2025

By Makiko Yamazaki and Mariko Sakaguchi TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Friday the government will continue “careful consideration” on whether to buy back super-long bonds in the future, suggesting the option remains on the table. In response to a global bond market rout that led to a spike in super-long Japanese …

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China bans uncertified and recalled power banks on planes

27 Jun 2025

BEIJING (Reuters) -China’s aviation regulator will from Saturday ban passengers from carrying power banks without Chinese safety certification markings, as well as those recently recalled by manufacturers because of safety concerns. The move, which applies to anyone boarding a flight in China, follows a series of incidents globally involving lithium battery products, including power banks, …

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A luxury experience in China: Global high-end brands bet on conceptual stores to revive sales

27 Jun 2025

By Casey Hall SHANGHAI (Reuters) -Louis Vuitton’s latest Shanghai store is not your average luxury flagship. The 30-meter-high, ship-shaped store, “The Louis”, is billed as an experience, and houses an exhibition space and cafe in Shanghai’s downtown Nanjing Road shopping strip. “The Louis”, which had a grand opening on Thursday, will undoubtedly draw crowds eager …

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