Reuters Asia Business

Japan will mitigate potential gasoline price spike, prime minister says

19 Jun 2025

TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Thursday the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26. The government will ensure the nationwide gasoline price on average would not exceed around 175 yen ($1.20) …

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Exclusive-Chevron seeks buyers for 50% stake in Singapore refinery, sources say

19 Jun 2025

By Trixie Yap, Yantoultra Ngui and Chen Aizhu SINGAPORE (Reuters) -U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters. Chevron is also gauging interest for the sale of other assets …

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Airbus hits $21 billion orders at air show as Boeing focuses on India crash

19 Jun 2025

By Tim Hepher, Paul Sandle, Joe Brock and Giulia Segreti PARIS (Reuters) – Airbus secured more aircraft orders on Wednesday, raising its total to $21 billion at this week’s subdued Paris Air Show, while rival Boeing opted not to announce new sales following last week’s Air India 787 crash. Airbus firmed up an order for …

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Grab-GoTo merger talks face Indonesian regulatory hurdles, sources say

19 Jun 2025

By Stefanno Sulaiman, Yantoultra Ngui and Fanny Potkin JAKARTA/SINGAPORE (Reuters) -Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant Southeast Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a potential deal. Reuters reported in May Nasdaq-listed Grab was looking to strike a …

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South Korea drafts second extra budget as new leader seeks to spur growth

19 Jun 2025

By Jihoon Lee SEOUL (Reuters) -South Korea’s new administration proposed on Thursday $14.7 billion of extra government spending to support sluggish domestic demand, as President Lee Jae Myung makes economic recovery his top policy agenda. The supplementary budget plan totalling 30.5 trillion won announced by the finance ministry includes 20.2 trillion won ($14.7 billion) of …

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Japan’s TDK acquires US-based smart glasses company SoftEye

19 Jun 2025

By Sam Nussey TOKYO (Reuters) -Japan’s TDK said on Thursday it has acquired U.S.-based SoftEye, which makes software and hardware for smart glasses, as the smartphone battery maker looks for growth drivers linked to artificial intelligence. SoftEye, based in San Diego, California, develops technology that facilitates eye tracking and object recognition. Its founder and CEO, …

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Hong Kong Monetary Authority says outlook for local currency uncertain

19 Jun 2025

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) said on Thursday the outlook for the direction of the Hong Kong dollar and for interbank rates remains uncertain due to carry trades and other factors. The city’s de-facto central bank made the comments in response to the U.S. Federal Reserve’s overnight decision to keep rates …

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BOJ’s gloomy projections suggest no rate hike this year, ex-top economist says

19 Jun 2025

By Leika Kihara TOKYO (Reuters) -The Bank of Japan is likely to hold off raising interest rates this year unless a dramatic, positive turn of events in U.S. tariffs allows it to overhaul gloomy projections made in May, its former top economist Seisaku Kameda said. In a quarterly outlook report released on May 1, the …

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Nippon Steel’s purchase of U.S. Steel closes, with big role for Trump

19 Jun 2025

By Alexandra Alper (Reuters) -Nippon Steel’s $14.9-billion acquisition of U.S. Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company’s 18-month struggle to close the purchase. Under the deal terms, Nippon bought 100% of U.S. Steel shares at $55 per share, as it first …

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