Reuters Asia Business

BRUSSELS (Reuters) -European Union governments have backed a proposal to limit Chinese medical device suppliers’ participation in bids for public contracts, after finding EU companies were not given fair access to China’s public tenders, EU diplomats said on Monday. The measures proposed by the European Commission will be the first under the EU’s International Procurement …

EU backs curbs on Chinese medical device firms in public tenders Read More »

TOKYO (Reuters) – Toyota Motor will take forklift-maker Toyota Industries private in a $33 billion deal, the companies said on Tuesday, a landmark unwinding of cross-shareholding that is likely to strengthen the influence of the group’s founding Toyoda family. Going private will allow Toyota Industries to take a longer-term business perspective, the companies said. Japanese …

Toyota to take key supplier private in $33 billion deal Read More »

BEIJING (Reuters) – China’s factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. The Caixin/S&P Global manufacturing PMI fell to 48.3 in May from 50.4 in April, missing analysts’ expectations in a Reuters poll …

China’s factory activity cools in May as US tariffs hit Read More »

By Kaori Kaneko TOKYO (Reuters) – Japan’s farm minister said on Tuesday the government stood ready to offer more stockpiled rice as consumers formed long queues to snatch up cheap, emergency-use grain made available through some retailers since the weekend. In an abrupt change of policy, the government last week began selling stockpiled rice directly …

Japanese consumers scramble to grab cheap rice; government ready to release more Read More »

STOCKHOLM (Reuters) -Irish fintech Nomupay said on Tuesday it had received a $40 million investment from an unit of SoftBank Corp at a valuation of $290 million to help it expand in Asian countries such as Japan. Nomupay started operations in 2021 after buying licences from payments company Wirecard, which collapsed a year earlier in …

Irish fintech Nomupay gets $40 million investment from SoftBank Read More »

HANOI (Reuters) -Vietnamese firms will sign memorandums of understanding with U.S. partners to buy $2 billion worth of American farm produce, the agriculture ministry said on Tuesday, part of efforts to seal a new trade deal between the two countries. Vietnam has been slapped with 46% “reciprocal” tariffs by the Trump administration. Though they have …

Vietnam firms to sign MoUs to buy $2 billion of US farm produce Read More »