Reuters Asia Business

US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop

26 Jun 2025

By Lisa Baertlein LOS ANGELES(Reuters) -Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China. Trump quickly reversed course by lowering the rate to 30%. That …

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Exclusive-China pens Argentine soymeal test deal with eye on US trade war disruption

26 Jun 2025

By Ella Cao, Naveen Thukral and Maximilian Heath BEIJING/SINGAPORE/BUENOS AIRES (Reuters) -Chinese firms have booked the first soymeal cargo from Argentina since Beijing approved Argentine imports in 2019, as China’s animal feed industry looks to broaden its supply options to mitigate potential disruptions from the U.S.-China trade war. Several Chinese feed makers have jointly signed …

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Lithium industry bemoans ‘paradox’ of low prices, rising demand

26 Jun 2025

By Ernest Scheyder LAS VEGAS (Reuters) -An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating “paradox” not likely to be resolved before at least 2030, the world’s largest producers told a major industry conference this week. Once a niche metal used primarily in greases, ceramics …

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Siemens Gamesa, Chinese magnet suppliers discuss European production, COO says

26 Jun 2025

By Christoph Steitz ERLANGEN, Germany (Reuters) -Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region’s reliance on imports after curbs on supplies from China. Delays in Chinese rare earth export permits have caused …

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Taiwan’s Innolux unit buys former Japanese TV major Pioneer for $1.1 billion

26 Jun 2025

TAIPEI (Reuters) -CarUX, a smart cockpit solutions provider and a subsidiary of Taiwan’s display maker Innolux Corp, said on Thursday it will acquire Japan’s Pioneer Corporation in a deal valued at 163.6 billion yen (around $1.1 billion). Pioneer was once a major Japanese player in consumer electronics, whose decline presaged the broader industry shake-up to …

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Repsol sells stake in an Indonesian gas operation for $425 million

26 Jun 2025

(Corrects deal’s rationale in paragraph 2) (Reuters) -Spanish energy company Repsol said on Thursday it has agreed to sell a 24% stake in Indonesia’s Corridor Block gas operation to Jakarta-listed Medco Energi for $425 million. The deal is part of Repsol’s strategy in upstream to focus on more profitable assets that generate cash. According to …

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GE Appliances to spend $490 million reshoring production of washing machines from China

26 Jun 2025

By Timothy Aeppel (Reuters) -Chinese-owned GE Appliances said on Thursday it will spend $490 million to shift production of some washing machines to the U.S. from China as it rebalances its factory footprint amid extreme trade tensions between the world’s two largest economies. The washers will be built at the company’s “Appliance Park” in Louisville, …

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Japan hits M&A record of $232 billion, driving Asia deals rebound

26 Jun 2025

By Anton Bridge, Miho Uranaka and Kane Wu TOKYO/HONG KONG (Reuters) -Japan is driving Asia’s M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by multi-billion dollar take-private arrangements, outbound investments and private equity activity. Management reforms to tackle chronic …

Japan hits M&A record of $232 billion, driving Asia deals rebound Read More »

New World gets lender approval for $11 billion refinancing, Bloomberg News reports

26 Jun 2025

(Reuters) -Distressed Hong Kong builder New World Development has secured written commitments from all banks for a HK$87.5 billion ($11.15 billion) loan refinancing, Bloomberg News reported on Thursday, citing people familiar with the matter. ($1 = 7.8498 Hong Kong dollars) (Reporting by Abu Sultan in Bengaluru; Editing by Leroy Leo)

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