Reuters Asia Business

Indonesia, Singapore sign deals on power trade, carbon capture

13 Jun 2025

JAKARTA (Reuters) -Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage, ministers from both countries said in Jakarta. The electricity deal reaffirmed an earlier agreement to export solar power from Indonesia to Singapore, with a group of companies companies planning to …

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China delays approval of $35 billion merger between Synopsys and Ansys, FT reports

13 Jun 2025

(Reuters) -China’s market regulator has postponed its approval of a proposed $35 billion merger between software companies Synopsys and Ansys after Donald Trump tightened chip export controls against China, the Financial Times reported on Friday. The U.S. and China reached a tentative trade truce at talks in London this week after a previous agreement faltered …

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Chinese firms in talks to join group to buy Li Ka-shing’s ports, Bloomberg News reports

13 Jun 2025

(Reuters) -Chinese ports operator China Cosco Shipping Corporation is among the firms in talks to participate in a global consortium seeking to buy 43 ports from billionaire Li Ka-shing-owned CK Hutchison, Bloomberg News reported on Thursday. CK Hutchison said last month that Mediterranean Shipping Company, run by the family of Italian billionaire Gianluigi Aponte, was …

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Singapore Airlines’ Scoot to take over Jetstar routes

13 Jun 2025

SINGAPORE (Reuters) -Flag carrier Singapore Airlines’ budget arm, Scoot, will take over some of the routes run by Qantas Airways’ Jetstar Asia, which announced this week that it would close, a Singapore Airlines spokesperson said on Friday. Qantas announced on Wednesday that it will close its Singapore-based budget subsidiary on July 31, citing rising supplier …

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S-Oil shares surge 10% after Israeli strike on Iran sparks oil price rally

13 Jun 2025

SEOUL (Reuters) -Shares of S-Oil, the South Korean refiner majority owned by Saudi Aramco surged over 10% on Friday, after Israel said it struck Iran, escalating tensions in the Middle East and sparking a rally in oil prices. (Reporting by Hyunjoo Jin; Editing by Kim Coghill)

Japan’s Treasury holdings not a topic at Bessent meetings, Kato says

13 Jun 2025

By Makiko Yamazaki TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Friday he had not specifically discussed Japan’s $1 trillion-plus holdings of U.S. Treasury securities during past meetings with U.S. Treasury Secretary Scott Bessent. Kato, at a regular news conference, addressed media reports saying that Japanese Prime Minister Shigeru Ishiba told opposition leaders on …

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Trump throws curveball at Japan tea giant’s US expansion swing

13 Jun 2025

By Kentaro Okasaka and John Geddie TOKYO (Reuters) -Top Japanese tea brand Ito En’s latest push to win over health-conscious U.S. customers with its traditional unsweetened brew has hit a new road bump: President Donald Trump’s trade tariffs. The company, which splashed out on a tie-up with Major League Baseball star Shohei Ohtani and launched …

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Japan’s top tariff negotiator rejects notion of partial deal with U.S.

13 Jun 2025

TOKYO (Reuters) -Japan will remain steadfast in its request for a review of U.S. tariffs and would not accept a partial agreement, Tokyo’s chief tariff negotiator Ryosei Akazawa said on Friday. “A partial agreement is not possible. We aim to negotiate towards a comprehensive package deal that satisfies both Japan and the United States,” Akazawa …

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Indonesia to cut contribution to South Korea fighter jet project

13 Jun 2025

SEOUL (Reuters) -South Korea and Indonesia signed an agreement cutting down Indonesia’s contribution in a South Korea-developed fighter jet project to about 600 billion won ($439 million), South Korea’s defence procurement agency said on Friday.  South Korea’s Defense Acquisition Program Administration (DAPA) said in a statement that DAPA and Indonesia’s defence ministry officials signed an …

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China’s Zhejiang Sanhua targets up to $1 billion in Hong Kong listing

13 Jun 2025

By Sneha Kumar and Rishav Chatterjee (Reuters) -Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls aims to raise up to HK$8.12 billion ($1.03 billion) via a Hong Kong listing, reflecting a broader trend of mainland companies tapping into the capital markets rebound. The company, which develops environment-friendly thermal management solutions, is offering 360.3 million H-shares …

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