Reuters Asia Business

Global trading giants step up India presence, fuelling talent rush, exchange upgrades

23 Jun 2025

By Jaspreet Kalra and Jayshree P Upadhyay MUMBAI (Reuters) -Half a dozen global trading giants, from Citadel Securities and IMC Trading to Millennium and Optiver, are ratcheting up their presence in India’s booming derivatives markets, fuelling a hiring spree and pushing exchanges to improve technology. The firms’ hiring plans, being reported for the first time, …

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South Korea to raise concerns to US over potential curbs on chipmakers’ China operations

22 Jun 2025

SEOUL (Reuters) -South Korea’s top trade negotiator said on Sunday he would raise concerns about potential U.S. restrictions on chipmakers in China when he meets U.S. officials in Washington this week for the third round of technical discussions in tariff talks. “I will pass on the concerns among those in the industry and take utmost …

South Korea to raise concerns to US over potential curbs on chipmakers’ China operations Read More »

China’s Sciwind’s GLP-1 shows similar weight loss to Novo’s Wegovy, study finds

21 Jun 2025

(Reuters) -Overweight patients given an experimental weight loss drug being developed by China’s Sciwind Biosciences lost an average of 10% to 15% of their body weight, roughly in line with results from a similar drug sold by Novo Nordisk, according to a late-stage study published on Saturday. The drug, called ecnoglutide, belongs to a class …

China’s Sciwind’s GLP-1 shows similar weight loss to Novo’s Wegovy, study finds Read More »

Russia’s Sechin says China is moving towards exporting energy

21 Jun 2025

By Vladimir Soldatkin and Olesya Astakhova ST PETERSBURG, Russia (Reuters) -Rosneft CEO Igor Sechin, one of the most influential men in Russia’s energy sector, said on Saturday that China was seeking complete energy independence and that in the foreseeable future it could become a major energy exporter. China’s economic and military rise over the past …

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Taiwan central bank says US debt rising too fast may impact trust in Treasuries

21 Jun 2025

TAIPEI (Reuters) -Taiwan’s central bank governor warned on Saturday that rapidly rising U.S. debt could be “unfavourable” to the outlook for U.S. Treasuries and that U.S. President Donald Trump’s trade policies have made investors cautious. Taiwan’s $593 billion in foreign exchange reserves are more than 80% made up of U.S. Treasury bonds, according to the …

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Malaysia keeps anti-dumping duties on some Chinese, Japanese iron, steel

21 Jun 2025

KUALA LUMPUR (Reuters) -Malaysia said on Saturday it would maintain anti-dumping duties on imports of Chinese and Japanese cold rolled coils of iron and non-alloy steel more than 1,300 mm wide. But the trade ministry said in a statement it would terminate anti-dumping duties on imports from South Korea and Vietnam on Monday. The duties, …

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South Korea’s chief trade negotiator plans US visit June 22-27

21 Jun 2025

SEOUL (Reuters) -South Korea’s trade minister Yeo Han-koo will visit the United States from June 22 to 27, the trade ministry said on Saturday. The visit will include discussions with U.S. Trade Representative Jamieson Greer and the third round of bilateral technical discussions, a ministry official told Reuters. Further details about the meetings were not …

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Chinese EV maker Hozon enters bankruptcy proceedings, state media reports

20 Jun 2025

BEIJING (Reuters) -Zhejiang Hozon New Energy Automobile, the owner of Chinese electric vehicle brand Neta, officially entered bankruptcy proceedings on Thursday, China’s state broadcaster CCTV reported on Friday. Multiple Neta stores in Shanghai have been closed, the report said. According to China’s national corporate bankruptcy disclosure platform, a creditor last month filed a bankruptcy petition …

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US may target Samsung, Hynix, TSMC operations in China, sources say

20 Jun 2025

By Karen Freifeld and Alexandra Alper (Reuters) -The U.S. Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive U.S. goods and technology at their plants in China, according to people familiar with the matter. The chances of …

US may target Samsung, Hynix, TSMC operations in China, sources say Read More »

World markets on oil watch as Middle East tensions flare

20 Jun 2025

LONDON(Reuters) -Global benchmark Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel-Iran tensions flare-up. Although relatively contained, the rise has not gone unnoticed just three years after Russia’s invasion of Ukraine triggered a surge in energy prices that ramped up global inflation …

World markets on oil watch as Middle East tensions flare Read More »

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