Reuters Asia Business

Rednote joins wave of Chinese firms releasing open-source AI models

9 Jun 2025

BEIJING (Reuters) -China’s Rednote, one of the country’s most popular social media platforms, has released an open-source large language model, joining a wave of Chinese tech firms making their artificial intelligence models freely available. The approach contrasts with many U.S. tech giants like OpenAI and Google, which have kept their most advanced models proprietary, though …

Rednote joins wave of Chinese firms releasing open-source AI models Read More »

US, Chinese officials exchange barbs at Shanghai event over trade

9 Jun 2025

By Casey Hall SHANGHAI (Reuters) -U.S. and Chinese officials traded barbs at a celebration held by a U.S. business chamber in Shanghai on Friday, as the chamber appealed to both countries to provide more certainty to American businesses operating in China. Scott Walker, consul general of U.S. consulate in Shanghai, told a gathering of U.S. …

US, Chinese officials exchange barbs at Shanghai event over trade Read More »

South Korea president calls for extra budget to be ready swiftly

9 Jun 2025

SEOUL (Reuters) -South Korean President Lee Jae-myung urged officials on Monday to swiftly draw up a supplementary budget plan aimed at supporting economic recovery and spurring consumption, his office said. Lee, who took office last week, has made economic recovery a priority, launching an emergency economy taskforce with government officials. The economy contracted in the …

South Korea president calls for extra budget to be ready swiftly Read More »

China’s May lending seen tripling on monetary measures, trade truce: Reuters poll

9 Jun 2025

By Liz Lee BEIJING (Reuters) – China’s new yuan loans more than tripled in May compared with a month ago, matching the borrowing appetite in the same period last year, as a temporary trade truce between China and the United States and new government measures helped boost credit demand. Chinese banks are estimated to have …

China’s May lending seen tripling on monetary measures, trade truce: Reuters poll Read More »

Yageo says it will protect technology if Shibaura purchase succeeds

9 Jun 2025

By Wen-Yee Lee and Makiko Yamazaki TAIPEI/TOKYO (Reuters) -Taiwan’s Yageo said it will implement strict controls to prevent technology from leaking if it succeeds in acquiring Japan’s Shibaura Electronics, responding to concerns in Japan over what the deal could mean for national security.  Chairman Pierre Chen told reporters in Taipei on Saturday that the company …

Yageo says it will protect technology if Shibaura purchase succeeds Read More »

China’s rare earth exports jump 23% in May despite export curbs

9 Jun 2025

BEIJING (Reuters) – China’s outbound shipments of rare earths in May jumped 23% on the month to their highest in a year, though Beijing’s export curbs on some of the critical minerals halted some overseas sales, with shortages rippling through global manufacturing. China’s April export curbs on several types of rare earths and rare earth …

China’s rare earth exports jump 23% in May despite export curbs Read More »

Rising rates could affect Japan’s spending plans, PM Ishiba says

9 Jun 2025

TOKYO (Reuters) -Japan must be aware that rising interest rates would push up the government’s debt-financing costs and affect its spending plans, Prime Minister Shigeru Ishiba said on Monday. “Japan is shifting to a phase where interest rates rise as a trend,” Ishiba told parliament. “Japan’s debt-to-gross domestic product ratio is high. When interest rates …

Rising rates could affect Japan’s spending plans, PM Ishiba says Read More »

Vietnam’s SeABank seeking clarification from Aeon Financial after M&A deal declared invalid

9 Jun 2025

HANOI (Reuters) -Vietnam’s Southeast Asia Commercial Joint Stock Bank has requested an official meeting with Japan’s Aeon Financial Service after the latter said last week that its deal to buy a financial company owned by the bank was invalid. Aeon said the deal was invalid because of “inappropriate accounting transactions”. “SeABank was extremely surprised by …

Vietnam’s SeABank seeking clarification from Aeon Financial after M&A deal declared invalid Read More »

China’s May imports of soybeans rise from April; crude oil, coal and oil fall

9 Jun 2025

(Corrects to say rare earths exports rose month-on-month, not year-on-year, in the last bullet under key points) (Reuters) – China’s imports of soybeans rose in May from a month earlier, while those of crude oil, coal, and iron ore dropped, customs data showed on Monday. China’s exports expanded 4.8% year-on-year in value terms in May, …

China’s May imports of soybeans rise from April; crude oil, coal and oil fall Read More »

Close Bitnami banner
Bitnami