Reuters Asia Business

TOKYO (Reuters) – Japan’s April core inflation probably rose at its fastest pace in two years on the reduction of energy subsidies and higher food costs, a Reuters poll showed, adding to pressure on the central bank to raise interest rates. The Bank of Japan is facing the difficult task of deciding when to increase …

Japan’s April core inflation likely sped up to fastest pace in two years: Reuters poll Read More »

By Rajendra Jadhav and Anushree Mukherjee (Reuters) – Physical gold demand improved across most key Asian hubs this week as a pullback in global prices sparked buying interest among consumers. This week, Indian dealers were offering a discount of up to $34 an ounce over official domestic prices – inclusive of 6% import and 3% …

Price pullback spurs gold demand in top Asian hubs Read More »

SEOUL (Reuters) -Singapore Airlines has seen a surge in passenger traffic into China in recent months, but outbound travel has still not recovered to pre-pandemic levels, Chief Commercial Officer Lee Lik Hsin said on Friday. “We have seen quite a surge in inbound travel into China in the last six months or so,” Lee said …

Demand for flights to China has risen recently, Singapore Airlines exec says Read More »

(Reuters) -Nvidia is seeking to build a research and development center in China, and the company’s top boss Jensen Huang discussed the plan with Shanghai’s mayor Gong Zheng when they met in April, the Financial Times reported on Friday. (Reporting by Gursimran Kaur in Bengaluru; Editing by Mrigank Dhaniwala)

By Kaori Kaneko TOKYO (Reuters) -Japan said on Friday it would release another 300,000 metric tons of rice from its emergency stockpile through July and tweak its purchasing policy to counter a shortage and rein in sky-high prices. Retail prices for Japan’s staple grain are about double what they were a year ago after extreme …

Japan to release more rice from stockpiles to tackle shortage and rein in prices Read More »

By Khanh Vu HANOI (Reuters) -The United States has told Vietnam its trade deficit with the Southeast Asian country is “unsustainable” and a major concern, Vietnamese state media reported on Friday, as the two countries hold negotiations on tariffs. Vietnam has been holding talks with the U.S., its largest export market, to persuade the U.S. …

U.S. tells Vietnam trade deficit ‘unsustainable’ and major concern during tariff talks Read More »

By Wen-Yee Lee TAIPEI (Reuters) -Taiwanese silicon wafer manufacturer GlobalWafers said on Friday it would invest an additional $4 billion in the United States to meet growing customer demand there, as it officially opened its new $3.5 billion wafer facility in Texas. “Our U.S. customers appear to have a very strong demand for U.S.-based production …

GlobalWafers opens new US factory; plans additional $4 billion investment Read More »

BEIJING (Reuters) -Chinese worker Liu Shengzun lost two jobs in just one month as U.S. import tariffs shot up to triple digits in April, forcing a Guangdong lighting products factory, and then a footwear maker, to reduce output. Tariffs came down dramatically this week, but Liu has given up on factory jobs and is now …

Analysis-Tariff cuts ease mass China layoffs threat, but job market pain persists Read More »