Reuters Asia Business

Bank of Korea deputy chief says desirable to introduce stablecoins gradually

24 Jun 2025

SEOUL (Reuters) -The senior deputy governor of South Korea’s central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks. Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged at 1:1 to the U.S. dollar – are widely used by crypto traders …

Bank of Korea deputy chief says desirable to introduce stablecoins gradually Read More »

Thai cabinet approves projects worth $3.5 billion to stimulate economy

24 Jun 2025

BANGKOK (Reuters) -Thailand’s cabinet has approved infrastructure projects worth 115 billion baht ($3.5 billion), Finance Minister Pichai Chunhavajira said on Tuesday, as the government seeks to boost the economy to offset the impact of U.S. tariffs. “This large expenditure is to achieve the objective of stimulating the economy and increasing potential,” he said. The projects …

Thai cabinet approves projects worth $3.5 billion to stimulate economy Read More »

Taiwan’s China Airlines postpones retirement of older planes due to Boeing 787 delays

24 Jun 2025

By Ben Blanchard TAOYUAN, Taiwan (Reuters) -Taiwan’s China Airlines is postponing the retirement of some of its older aircraft due to delays in getting Boeing 787-9 jets that may result in compensation payments from the planemaker, the carrier’s newly appointed chairman said. Taiwan’s oldest airline, established in 1959, is in the midst of a fleet …

Taiwan’s China Airlines postpones retirement of older planes due to Boeing 787 delays Read More »

China could retaliate after EU bars Chinese firms from medical device tenders

24 Jun 2025

BEIJING (Reuters) -China could take steps against the European Union after the 27-member bloc barred Chinese firms from most public tenders for medical devices, the commerce ministry said on Tuesday, keeping trade tensions high ahead of a key summit next month. The European Commission said on Friday that Chinese companies would be prevented from bidding …

China could retaliate after EU bars Chinese firms from medical device tenders Read More »

Japan’s FX diplomat reappointed for second year as US trade talks continue

24 Jun 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan reappointed top foreign exchange diplomat Atsushi Mimura for a second year, the finance ministry said on Tuesday, cementing his role in the country’s current U.S. tariff negotiations. “We sought his reappointment taking into account his engagement and current circumstances,” Finance Minister Katsunobu Kato told reporters. Kato noted Mimura has …

Japan’s FX diplomat reappointed for second year as US trade talks continue Read More »

Thailand’s PTT to buy 2 MTPA of LNG from Glenfarne’s Alaska LNG over 20 years

24 Jun 2025

BANGKOK (Reuters) -Thai state-owned oil and gas giant PTT Group signed an agreement to procure 2 million metric tons of liquefied natural gas per annum from Glenfarne’s Alaska LNG project over a 20-year term, Glenfarne said late on Monday.  PTT said it was was further studying the Alaska LNG project to expand its LNG business …

Thailand’s PTT to buy 2 MTPA of LNG from Glenfarne’s Alaska LNG over 20 years Read More »

US, South Korea trade ministers reaffirm commitment to reaching tariff deal

24 Jun 2025

SEOUL (Reuters) -United States and South Korean trade ministers reaffirmed their commitment to reaching a deal on tariffs as early as possible during a meeting on Monday, South Korea’s Ministry of Trade, Industry and Energy said on Tuesday. South Korea’s top trade envoy Yeo Han-koo again sought exemptions from U.S. President Donald Trump’s “reciprocal” tariffs …

US, South Korea trade ministers reaffirm commitment to reaching tariff deal Read More »

Japan tariff negotiator arranging seventh US visit, sources say

24 Jun 2025

TOKYO (Reuters) -Japan’s tariff negotiator Ryosei Akazawa is arranging his seventh visit to the United States for as early as June 26, aiming to end tariffs that are hurting Japan’s economy, two Japanese government sources said on Tuesday. The main focus of the visit is expected to be on U.S. tariffs imposed on Japanese automobiles, …

Japan tariff negotiator arranging seventh US visit, sources say Read More »

Iraq removes, South Korea eases restrictions on import of Brazil chicken meat

23 Jun 2025

SAO PAULO (Reuters) -Iraq removed a trade ban it had imposed on Brazilian chicken meat after a bird flu case on a commercial farm last month, while South Korea eased its restrictions, the Brazilian Agriculture Ministry said on Monday. South Korea ow restricts only chicken meat from the region affected by the bird flu, the …

Iraq removes, South Korea eases restrictions on import of Brazil chicken meat Read More »

Close Bitnami banner
Bitnami