Reuters Asia Business

Thai poultry industry poised for growth on Brazil bird flu, lower feed costs

2 Jun 2025

By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s poultry sector is poised to grow this year, as an avian flu outbreak in top exporter Brazil creates market opportunities, and lower feed costs improve margins for the world’s third-largest shipper of chicken meat, industry leaders said.  Prasit Boondoungprasert, CEO of Charoen Pokphand Foods, Thailand’s largest …

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S.Korea factory activity shrinks again, new orders suffer steepest slump in 5 years, PMI shows

2 Jun 2025

SEOUL (Reuters) – South Korea’s factory activity shrank for a fourth month in May as frail domestic demand and the impact of U.S. tariffs took a heavy toll on factory output while overall orders plunged at their steepest pace in five years, a business survey showed on Monday. The Purchasing Managers Index (PMI) for manufacturers …

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US debt is ‘sound’, no concerns about US dollar’s reserve role, Taiwan’s central bank says

1 Jun 2025

TAIPEI (Reuters) -Taiwan’s central bank said on Sunday that U.S. government debt is “sound” and still favoured by investors, and there are no worries about the U.S. dollar’s position as the leading international reserve currency. U.S. President Donald Trump’s tariff announcement on April 2, which led to a market rout, including in U.S. Treasuries, has …

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New home prices in China rise on policy hope, private survey says

1 Jun 2025

BEIJING (Reuters) -The average price of new homes across 100 cities in China climbed 0.30% in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday. The increase was almost double the last month’s rate of increase at 0.14%. New home prices …

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India’s alarm over Chinese spying rocks the surveillance industry

31 May 2025

By Aditya Kalra NEW DELHI (Reuters) – Global makers of surveillance gear have clashed with Indian regulators in recent weeks over contentious new security rules that require manufacturers of CCTV cameras to submit hardware, software and source code for assessment in government labs, official documents and company emails show. The security-testing policy has sparked industry …

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Chinese spying on Dutch industries ‘intensifying’: Dutch defence minister

31 May 2025

By Xinghui Kok SINGAPORE (Reuters) -Chinese efforts to spy on the Dutch are intensifying, with the focus on semiconductors, Dutch Defence Minister Ruben Brekelmans said on Saturday. “The semiconductor industry, which we are technologically leading, or technology advanced, of course, to get that intellectual property – that’s interesting to China,” Brekelmans said in an interview …

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Thai government’s $115 billion budget clears first parliamentary vote

31 May 2025

BANGKOK (Reuters) -The Thai government’s 3.78 trillion baht ($115 billion) budget for the 2026 fiscal year passed its first parliamentary vote on Saturday, but there will be a series of further votes before it can be enacted. After a four-day debate, the draft budget bill, aimed at supporting a sluggish economy facing steep U.S. tariffs, …

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China urges halt to auto industry’s bruising price wars

31 May 2025

SHANGHAI (Reuters) -China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers. Tension between some top players has spilled into the open as competition intensifies in the world’s largest …

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Trump hails Nippon Steel as ‘great partner’ as deal awaits approval

31 May 2025

By Jeff Mason, Alexandra Alper and Trevor Hunnicutt WEST MIFFLIN, Pennsylvania (Reuters) -U.S. President Donald Trump on Friday lauded an “agreement” between Nippon Steel and U.S. Steel at a political rally but stopped short of approving the companies’ diplomatically sensitive merger. On a stage near Pittsburgh, Pennsylvania, decorated with signs celebrating “American steel,” Trump declared …

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China’s manufacturing activity falls in May, PMI shows

31 May 2025

BEIJING (Reuters) -China’s manufacturing activity shrank for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States. The official purchasing managers’ index (PMI) rose to 49.5 in May versus 49.0 in April, below the 50-mark separating …

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