Reuters Asia Business Archives - Page 420 of 2133

SoftBank’s Son pitches $1 trillion Arizona AI hub, Bloomberg News reports

20 Jun 2025 20 Jun 2025

(Reuters) -SoftBank Group founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter. Son is seeking to team up with Taiwan Semiconductor Manufacturing Co for the project, which is aimed at bringing back …

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US, Chinese strategic reserve buys may offset oil surplus, Russia’s Gazprom Neft says

20 Jun 2025 20 Jun 2025

ST PETERSBURG (Reuters) -U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil producer Gazprom Neft said on Friday. The eight members of OPEC+, which groups OPEC and other producers led by Russia, are unwinding voluntary production cuts …

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China warns automakers to prioritise safety, state media reports

20 Jun 2025 20 Jun 2025

BEIJING (Reuters) -Chinese authorities cautioned automakers and power battery manufacturers against marketing exaggerations and fraudulent practices, urging strict adherence to safety standards, the official Xinhua News Agency said on Friday. The warning was issued during a meeting attended by China’s industry ministry, market regulator and the national fire and rescue authority, Xinhua reported. The meeting …

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Vietnam Q2 GDP growth estimated at 7.6% y/y, deputy PM says

20 Jun 2025 20 Jun 2025

HANOI (Reuters) -Vietnam’s gross domestic product is expected to have grown 7.6% in the second quarter from a year earlier, Deputy Prime Minister Nguyen Hoa Binh told parliament on Friday. Binh said annual growth for the first half is estimated at 7.3%, adding it would be a “big challenge” to reach this year’s growth target …

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Slow rate hikes could cause wage-price spiral, BOJ paper says

20 Jun 2025 20 Jun 2025

By Leika Kihara TOKYO (Reuters) -Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said in a research paper released this week. The paper’s publication on Thursday comes as the central bank faces an increasingly complicated policy …

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China’s rare earth magnet shipments halve in May due to export curbs

20 Jun 2025 20 Jun 2025

By Amy Lv and Ryan Woo BEIJING (Reuters) -China’s overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs. Beijing said this month that it would speed up its approval process, a concession made after the U.S. and China agreed …

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China keeps benchmark lending rates unchanged as expected in June

20 Jun 2025 20 Jun 2025

SHANGHAI (Reuters) -China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier to support the economy. WHY IT’S IMPORTANT Signs of de-escalation in trade tensions between the world’s two largest economies following an agreement on a trade framework in London this month reduced urgency …

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BOJ board agreed to keep rate hike path, some saw need for pause, May minutes show

20 Jun 2025 20 Jun 2025

By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers agreed on the need to keep raising still-low interest rates, but some saw the need to pause for the time being due to uncertainty over U.S. trade policy, minutes of their April 30-May 1 policy meeting showed on Friday. At the meeting, the BOJ kept interest …

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Japan firms face record activist shareholder proposals, raising reform pressure

20 Jun 2025 20 Jun 2025

By Anton Bridge TOKYO (Reuters) -Activist investors submitted shareholder proposals to a record number of Japanese companies holding annual general meetings in June, adding to pressure on firms not used to friction to improve shareholder returns and profitability. Since former prime minister Shinzo Abe, who stepped down in 2020, called for improved governance to attract …

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Japan returns to long-term LNG deals on AI boom, national energy plan

19 Jun 2025 20 Jun 2025

By Yuka Obayashi and Emily Chow TOKYO/SINGAPORE (Reuters) -Japan is back in the spotlight for liquefied natural gas producers as the boom in artificial intelligence, rising costs for cleaner energy and a new national energy plan drive appetite for long-term LNG deals. While imports by China, the world’s biggest LNG importer, are expected to fall …

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Reuters Asia Business﻿﻿

Reuters Asia Business