By Jihoon Lee SEOGWIPO, South Korea (Reuters) -South Korea’s Minister of Trade and Industry Ahn Duk-geun said on Friday that Seoul would try to reach a deal with Washington on tariffs by the July deadline previously agreed, but warned that the target could be missed due to domestic politics. The countries will hold technical consultations …
South Korea minister says deadline tight to reach deal on US tariffs Read More »
SAO PAULO (Reuters) -Brazil on Friday confirmed its first case of the highly contagious bird flu virus on a commercial chicken farm in the south of the nation, triggering a temporary trade ban from its main trade partner China. *Brazil is the world’s largest meat exporter and second largest producer behind the United States. *Brazil’s …
Factbox-Brazil’s first bird flu case on commercial firm triggers Chinese ban Read More »
HANOI (Reuters) – Vietnam’s government has approved a plan by the Trump Organization and a partner to invest $1.5 billion in golf courses, hotels and real estate projects in the Southeast Asian country, the state-run Tuoi Tre newspaper reported on Friday. The project, planned on 990 hectares (2,446 acres) of land, will feature a complex …
Vietnam approves $1.5 billion investment plan by Trump Organization and partner Read More »
By Jihoon Lee SEOGWIPO, South Korea (Reuters) -The Asia-Pacific Economic Cooperation group adopted a statement on Friday that cited “fundamental challenges” facing the global trading system, but stopped short of discussing a joint response to U.S. tariffs looming large over its meeting. The annual gathering is the first major multilateral trade gathering since U.S. President …
APEC highlights ‘fundamental challenges’ in global trade as tariffs overshadow meeting Read More »
HONG KONG (Reuters) -Hong Kong’s economy expanded by 3.1% in the first quarter from a year earlier, the government said on Friday, supported by an increase in exports of goods and services, and a resumption of growth in overall investment expenditure. The figure was in line with the official advance estimates released earlier this month. …
By Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s economic growth forecast may need to be adjusted further, its trade minister said on Friday, as uncertainty remains despite a recent breakthrough in U.S.-China tariff negotiations. Trade Minister Gan Kim Yong, also deputy prime minister, said the trade-reliant economy is beginning to slow down and while U.S.-China talks …
Singapore says its growth forecast may need further adjustment amid uncertainty Read More »
By Danial Azhar and Ashley Tang KUALA LUMPUR (Reuters) -Malaysia’s economy grew 4.4% in the first quarter of 2025 from a year earlier, slower than the previous quarter, with the central bank projecting a weaker outlook due to trade tensions affecting spending and investment. Growth in the January to March period was in line with government estimates, …
Malaysia’s GDP slows in Q1, outlook hit by trade tensions Read More »
By Mohi Narayan BANGKOK (Reuters) -Lotte Chemical plans to start operations at its new cracker in Indonesia in the second half of 2025, an executive at Lotte’s Malaysia affiliate said on Friday. The new cracker which has the capacity to produce 1 million metric tons per year of ethylene is part of a $3.95 billion …
Lotte Chemical to start operating Indonesia cracker in H2 2025 Read More »
By Rae Wee and Vidya Ranganathan SINGAPORE (Reuters) -As the currencies of South Korea, Taiwan and Japan rise, so too is chatter that these economies could use exchange rate revaluation as a carrot in trade talks with U.S. President Donald Trump. While a stronger currency has historically meant a competitive disadvantage for these Asian exporters, …
Analysis-Why China’s neighbours may want currency deals with Trump Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump’s trade policies. The data highlights the challenge policymakers face as …
Japan’s economy shrinks more than expected as US tariff hit looms Read More »
