Reuters Asia Business

IMF says high tariffs would see Vietnam’s growth slow to 5.4% this year

25 Jun 2025

HANOI (Reuters) -The International Monetary Fund said on Wednesday that Vietnam’s economic growth this year would slow to 5.4% from last year’s expansion of 7.09% under a “high tariffs” scenario. The Southeast Asian industrial hub has held several rounds of negotiations with the U.S. to strike a deal to avoid the Trump administration’s threatened 46% …

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Indonesia to make e-commerce firms collect tax on sellers’ sales, sources say

25 Jun 2025

By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia plans to implement new regulations requiring e-commerce platforms to withhold tax on their sellers’ sales income in a bid to boost revenues, according to two industry sources informed of the move and a document seen by Reuters. The planned directive, which also aims to level the playing field with …

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China’s Anjoy Foods plans to raise up to $336.3 million in Hong Kong listing

25 Jun 2025

(Reuters) -China’s Anjoy Foods Group aims to raise up to HK$2.64 billion ($336.31 million) from its Hong Kong listing, a regulatory filing showed on Wednesday. The frozen food maker will offer about 40 million H-shares under the issue, with a maximum offer price of HK$66.0 apiece. The move comes at a time of heightened interest …

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Japan’s corporate service inflation hits 3.3% in May

25 Jun 2025

TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation hit 3.3% in May, data showed on Wednesday, keeping alive expectations of further interest rate hikes by the central bank. Service-sector inflation is being closely watched by the Bank of Japan for clues on whether prospects of sustained wage gains will prod firms to continue raising …

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China on track to exceed 2030 pumped storage hydro target by 8%, industry body says

25 Jun 2025

SINGAPORE (Reuters) -China is set to exceed its 2030 pumped storage hydropower target by more than 8% and potentially reach 130 gigawatts (GW) by the end of the decade, the International Hydropower Association (IHA) said on Wednesday. The world’s second-largest economy added 7.75 GW of pumped hydro in 2024, bringing its total installed pumped hydro …

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Exclusive-China auto industry inflates sales by exporting new cars as ‘used’

24 Jun 2025

BEIJING/SHANGHAI (Reuters) -China’s auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as “used” vehicles. These so-called “zero-mileage” cars have never been driven but they are being exported as used to markets like Russia, Central Asia …

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Nissan shareholders assail management over deepening crisis

24 Jun 2025

By Maki Shiraki TOKYO (Reuters) -Nissan Motor shareholders vented their frustrations over the automaker’s poor performance at its annual general meeting on Tuesday, with some demanding greater management accountability for the deepening crisis at Japan’s third-largest car company. The meeting was the first for new boss Ivan Espinosa since he replaced Makoto Uchida as CEO …

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Volvo sells stake in China’s SDLG in strategic revamp

24 Jun 2025

COPENHAGEN (Reuters) -Volvo Group on Tuesday said it would sell its 70% stake in China’s Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands. Volvo said that its construction equipment (CE) unit would sell the stake to a fund controlled by minority …

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From cans to cartons: how Trump’s metals duties affect packages on shelves

24 Jun 2025

By Jessica DiNapoli and Emma Rumney NEW YORK/LONDON (Reuters) -Andy Russick, who sells canned fruit and tomatoes to top U.S. grocers like Kroger, hospitals and schools, shares the stated aim behind U.S. President Donald Trump’s trade war – fighting cheap Chinese imports.  Yet when U.S. tariffs on imported steel and aluminum doubled to 50% on …

From cans to cartons: how Trump’s metals duties affect packages on shelves Read More »

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