Reuters Asia Business

By Ella Cao and Lewis Jackson BEIJING (Reuters) -China’s market regulator has granted conditional approval for global agribusiness Bunge Global SA’s merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago. Confirmation came after Bunge announced it had received regulatory approval from …

China approves Bunge’s merger with Viterra with conditions on crop supply stability Read More »

LONDON (Reuters) -The third U.N. Ocean Conference in France last week yielded a number of financial deals and money pledges to help protect the seas, although the gap between funding and the estimated annual need of $175 billion remains large. Below are a selection of the initiatives announced during the week: EIB, ADB A group …

Factbox-Finance deals announced during UN Ocean Conference Read More »

By Francesco Guarascio HANOI (Reuters) -The United States is pushing Vietnam in tariff talks to reduce the use of Chinese tech in devices that are assembled in the country before being exported to America, three people briefed on the matter said. Vietnam is home to large manufacturing operations of tech firms such as Apple and …

US pushes Vietnam to decouple from Chinese tech, sources say Read More »

By Sriparna Roy and Sneha S K (Reuters) -U.S. drugmakers are licensing molecules from China for potential new medicines at an accelerating pace, according to new data, betting they can turn upfront payments of as little as $80 million into multibillion-dollar treatments. Through June, U.S. drugmakers have signed 14 deals potentially worth $18.3 billion to …

US pharma bets big on China to snap up potential blockbuster drugs Read More »

By Yuka Obayashi and Noriyuki Hirata TOKYO (Reuters) -Nippon Steel shares rose on Monday after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy. The approval capped a tumultuous process marked by union …

Nippon Steel shares rise after Trump approves $14.9 billion US Steel bid Read More »

BANGKOK (Reuters) -Flag carrier Thai Airways International said on Monday it will exit its debt restructuring programme and expects to resume trading its shares on the stock market by early August. Thailand’s national airline went into bankruptcy-protected restructuring in 2020, reducing its workforce by half and trimming its fleet. Since 2023, the airline has made …

Thai Airways to exit debt restructuring programme Read More »

By Joe Cash and Ellen Zhang BEIJING (Reuters) -China’s factory output growth hit a six-month low in May, while retail sales picked up steam, offering temporary relief for the world’s second-largest economy amid a fragile truce in its trade war with the United States. The mixed data comes as China’s economy strains under U.S. President …

China’s factories slow, consumers unexpectedly perk up Read More »