Reuters Asia Business

Low diversity in critical mineral markets could hurt industry, IEA says

By Forrest Crellin PARIS (Reuters) – Critical mineral markets are at risk of painful disruptions after becoming more concentrated, particularly in refining and processing, and with the spread of export restrictions, the IEA said in a report on Wednesday. The use of critical minerals has spiked in recent years sparked by energy transition projects such …

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Nepal picks new central bank chief after long discord in ruling coalition

By Gopal Sharma KATHMANDU (Reuters) – Nepal has named economist Biswo Nath Poudel as its new central bank governor, a minister said on Wednesday, ending a long-running discord between allies of the Himalayan nation’s ruling coalition over the choice. Nepal’s cabinet appointed the 49-year-old Poudel as the governor of Nepal Rastra Bank (NRB) late on …

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Vietnam minister meets Lockheed Martin, SpaceX on U.S. visit for tariff talks

HANOI (Reuters) -Vietnam’s Trade Minister Nguyen Hong Dien met officials of U.S. firms such as Excelerate Energy, Lockheed Martin, SpaceX and Google during a trip to Washington for tariff negotiations with the Trump administration, state media said on Wednesday. Vietnam wants the meetings to show President Donald Trump that it wishes to boost ties with …

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SeaTown invests in Singapore-based healthcare distribution company AddVita

SINGAPORE (Reuters) -SeaTown Holdings International said on Wednesday it has invested in AddVita, a Singapore-headquartered healthcare and life sciences distribution company, with a capital commitment of up to S$115 million ($89 million). SeaTown Holdings is an Asia-focused alternative investment firm owned by Seviora Holdings, an asset management group of Singapore state investment company Temasek, according …

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Japan’s exports slow, shipments to US fall as tariffs bite

By Leika Kihara TOKYO (Reuters) -Japan’s export growth slowed in April, weighed by a decline in shipments to the U.S. as businesses in the world’s fourth-largest economy braced for the hit to a fragile economic recovery from President Donald Trump’s tariffs. While analysts are not yet certain just how much Trump’s new tariffs have hurt …

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Toyota debuts new software system in revamped RAV4

TOKYO (Reuters) – Toyota unveiled its latest RAV4 on Wednesday and said the compact sport utility vehicle would be its first model to feature its Arene software development platform. “The RAV4 marks a start in our journey in building software-defined vehicles,” Simon Humphries, Toyota’s chief branding officer, said. In the new RAV4, the platform has …

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Vietnam approves establishment of Sun PhuQuoc Airways

HANOI (Reuters) -Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News Agency reported on Tuesday. A spokesperson for the company confirmed the approval in an email to Reuters on Wednesday, without giving further details. The airline, the parent company of which is real …

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China warns of legal consequences to those involved in US chip measures

BEIJING (Reuters) -China said it could take legal action against any individual or organisation assisting or implementing U.S. measures that advise companies against using advanced semiconductors from China. The U.S. published guidance last week saying companies risk violating export controls if they use Ascend AI chips from Shenzhen-based Huawei. China’s commerce ministry said there could …

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Petronas seeks Kutai Basin assets as part of planned Eni tie-up

By Bernadette Christina TANGERANG, Indonesia (Reuters) -Malaysian state energy company Petronas wants to include oil and gas projects in Indonesia’s Kutai Basin in its planned joint venture with Eni, an executive said on Tuesday. Petronas and the Italian oil major announced the proposed tie-up in February to manage some upstream assets in Indonesia and Malaysia, …

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