Reuters Asia Business

Thai PM presents $115 billion budget to parliament to support lacklustre economy

28 May 2025

BANGKOK (Reuters) -Thai Prime Minister Paetongtarn Shinawatra on Wednesday proposed a 3.78 trillion baht ($115.5 billion) budget to parliament for the 2026 fiscal year, as her government seeks to support a sluggish economy facing steep U.S. tariffs.   The draft budget bill, which is being debated in the house over the next four days, projects a …

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China may relax rare earth export curbs for some chip companies

28 May 2025

BEIJING (Reuters) – China may relax curbs on exports of rare earths for Chinese and European semiconductor firms and other companies in their supply chain, state media said on Wednesday. In April, China put seven rare earths and related products on an export control list, forcing all exporters to apply for licences, regardless of the …

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Facing sinking coal demand, China asks power plants to just buy more, sources say

28 May 2025

By Colleen Howe BEIJING (Reuters) -China is pressing its coal-fired power plants to stockpile more of the fuel and import less in an effort to shore up domestic prices, sources with knowledge of the matter said, but traders are sceptical the measures will help to stop the slide. The coal industry in China faces rising …

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Singapore’s RGE, France’s TotalEnergies to build solar battery project in Indonesia

28 May 2025

(Reuters) -Singapore’s Royal Golden Eagle (RGE) and France’s TotalEnergies said on Wednesday that their joint venture, Singa Renewables, would develop a utility-scale solar and battery project in Indonesia’s Riau Province. The project, to be built in phases, will supply green energy to power industrial complexes in the Riau Province and export solar power to Singapore, …

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Japan’s reusable rocket startup ISC eyes US test launch in December

28 May 2025

By Kantaro Komiya YOKOHAMA (Reuters) – A Tokyo-based rocket startup said on Wednesday it will test-launch a prototype in the United States in December using an American engine, aiming to achieve the first U.S.-Japan joint commercial launch and address Japan’s rocket shortage. The global race for commercial launch vehicles has been driven by SpaceX, which …

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Exclusive-Shein working towards Hong Kong listing after London IPO stalls, say sources

28 May 2025

By Julie Zhu, Hadeel Al Sayegh and Helen Reid HONG KONG/DUBAI/LONDON (Reuters) -Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public offering (IPO) in London failed to secure the green light from Chinese regulators, said three sources with knowledge of the matter. The China-founded company aims to …

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Nissan plans $7 billion funding, including loan backed by UK government, Bloomberg News says

28 May 2025

TOKYO (Reuters) -Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the British government, Bloomberg News said on Wednesday. The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, …

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BOJ long-term government bond holdings fall for first time since 2008

28 May 2025

By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s long-term government bond holdings fell for the first time in 16 years as of end-March as it tapered bond purchases, its earnings showed on Wednesday, in another sign of its steady retreat from a massive decade-long stimulus policy. As a result of its interest rate hikes, …

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Factbox-Sales, China and US tariffs: challenges for new Stellantis boss

28 May 2025

MILAN (Reuters) -Antonio Filosa was appointed chief executive of automaker Stellantis on Wednesday, following the departure of Carlos Tavares in December. Here are some the main challenges he faces. REGAIN MARKET SHARE The first task will be to revive sales at Stellantis, the world’s No. 4 automaker by sales, which has lost market share in …

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