Reuters Asia Business

SEOUL (Reuters) -Production at Kumho Tire’s largest factory in South Korea was suspended due to a fire that broke out on Saturday morning, a company spokesperson said. The factory in the southwestern city of Gwangju has the capacity to produce 12 million tires a year, accounting for nearly 20% of Kumho’s global production capacity, the …

South Korea’s Kumho Tire plant production suspended due to fire Read More »

By Wen-Yee Lee TAIPEI (Reuters) -Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but will not put out another version from the Hopper series, CEO Jensen Huang said on Saturday. Asked what their next chip for China after the H20 …

Nvidia CEO says next chip after H20 for China won’t be from Hopper series Read More »

JAKARTA (Reuters) -The Indonesia Palm Oil Association, GAPKI, on Friday urged the government to delay a planned hike in the palm oil export levy, warning it could harm competitiveness amid global trade uncertainties due to the U.S. tariffs and geopolitical tension. Indonesia is due to raise its palm oil export levy to between 4.75% and …

Indonesia palm oil group GAPKI urges government to delay levy hike Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC+. Brent crude futures settled up 88 cents, or 1.4%, at $65.41 per barrel, while U.S. West Texas Intermediate crude …

Oil posts weekly gain but remains under supply hike pressure Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar strengthened on Friday after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance.   The Labor Department said import prices gained 0.1% last month after dropping …

US dollar rises after data, set for fourth straight weekly gain Read More »

By Julie Zhu and Clare Jim HONG KONG (Reuters) – Nvidia is seeking a site in Shanghai for a research and development centre, three sources close to the matter said, reflecting the strategic significance of the Chinese market where U.S. curbs on advanced chip exports have hit sales. The U.S. chipmaker began the search in …

Nvidia seeks Shanghai R&D site after US chip curbs, say sources Read More »