Reuters Asia Business

Xiaomi reports record first-quarter revenue as it launches new electric SUV

27 May 2025

By Che Pan and Brenda Goh BEIJING (Reuters) – China’s Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off. Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and …

Xiaomi reports record first-quarter revenue as it launches new electric SUV Read More »

Japan Tobacco may consider US manufacturing of Ploom devices, executive says

27 May 2025

By Emma Rumney LONDON (Reuters) -Japan Tobacco International is open to producing its Ploom heated tobacco device in the United States, an executive told Reuters on Tuesday, as the Trump administration’s tariff policies prompt some companies to rethink their supply chains. JTI, a subsidiary of Japan Tobacco which makes Benson & Hedges and Winston cigarettes, …

Japan Tobacco may consider US manufacturing of Ploom devices, executive says Read More »

China’s premier tells ASEAN, Gulf nations to remove trade barriers

27 May 2025

BEIJING (Reuters) -Chinese Premier Li Qiang on Tuesday urged Southeast Asian and Gulf countries to remove trade barriers and expand opening up amid rising protectionism, and said Beijing is confident it can stabilise its economy in the face of challenges. Li was speaking at a dinner event during a leaders’ summit in Kuala Lumpur with …

China’s premier tells ASEAN, Gulf nations to remove trade barriers Read More »

ASEAN unveils strategic plan to integrate its economies   

27 May 2025

By Danial Azhar, Ashley Tang KUALA LUMPUR (Reuters) -The Southeast Asian bloc ASEAN on Tuesday announced an ambitious strategic plan that includes harmonising trade standards and greater financial integration in an effort to collectively become the world’s fourth-largest economy.  The five-year, 41-page plan for the 10-member Association of Southeast Asian Nations, released during a leaders’ …

ASEAN unveils strategic plan to integrate its economies    Read More »

China, Taiwan trade accusations over cyberattacks

27 May 2025

By Liz Lee and Ben Blanchard BEIJING (Reuters) -Chinese public security authorities attributed a cyberattack on an unnamed technology company to the Taiwan government on Tuesday, prompting the latter to blame China for spreading disinformation over such breaches. The “overseas hacker organisation” behind the attack was “supported by” Taiwan’s Democratic Progressive Party (DPP), authorities in …

China, Taiwan trade accusations over cyberattacks Read More »

Singapore Airlines turbulence investigation not yet complete, ministry says

27 May 2025

SEOUL (Reuters) -Singapore authorities said on Tuesday that an investigation into a Singapore Airlines flight last year that hit turbulence, injuring dozens of people and killing one, was still awaiting analysis of the plane’s weather radar systems. A 73-year-old passenger died of a suspected heart attack in the incident, which occurred after flight SQ321 from …

Singapore Airlines turbulence investigation not yet complete, ministry says Read More »

Cerberus eyes Darwin Port, says Chinese port operator, amid Australia’s local ownership push

27 May 2025

By Kirsty Needham SYDNEY (Reuters) – U.S. private equity firm Cerberus has shown interest in acquiring the lease for Darwin Port, a senior executive of the port’s Chinese operator said on Tuesday, amid a push by the Australian government for the port to be returned to domestic ownership. Terry O’Connor, Australia non-executive director of Chinese …

Cerberus eyes Darwin Port, says Chinese port operator, amid Australia’s local ownership push Read More »

Exclusive-Toyota to move some GR Corolla production to Britain, sources say

27 May 2025

By Maki Shiraki TOKYO (Reuters) -Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people with knowledge of the matter. By shifting some production from Japan, Toyota aims to use excess …

Exclusive-Toyota to move some GR Corolla production to Britain, sources say Read More »

Exclusive-Japan to consider trimming super-long bond issuance, sources say

27 May 2025

By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan will consider trimming issuance of super-long bonds in the wake of recent sharp rises in yields for the notes, two sources told Reuters on Tuesday, as policymakers seek to soothe market concerns about worsening government finances. Super-long bond yields slumped on the report, pushing down the …

Exclusive-Japan to consider trimming super-long bond issuance, sources say Read More »

Close Bitnami banner
Bitnami