Reuters Asia Business

By Bing Hong Lok SINGAPORE (Reuters) -Singapore’s non-oil domestic exports rose 12.4% in April from the same month a year earlier, government data showed on Friday, well ahead of analyst estimates and a bright spot for an economy heavily exposed to global trade uncertainty.    The rise compared with a Reuters poll forecasting year-on-year growth …

Singapore’s April exports rise 12.4% y/y, significantly higher than forecast Read More »

By Francesco Guarascio and Casey Hall HANOI/SHANGHAI (Reuters) -Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions. Shein, which was founded in China and sells products including …

Shein to set up huge Vietnam warehouse in US tariff hedge, sources say Read More »

PARIS (Reuters) -Talks between China and France on Thursday failed to end a dispute between the two countries over cognac tariffs, French Finance Minister Eric Lombard said, although he added the door was open for further discussions. After trade tensions flared between Beijing and Brussels, China began an anti-dumping investigation into European Union brandy in …

France says talks with China failed to solve cognac dispute Read More »

By Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person familiar with the matter said. The Bureau of Industry and Security is also looking at adding subsidiaries of Semiconductor Manufacturing International Corporation and Yangtze Memory Technologies Co. to the …

US considers more Chinese companies for ‘entity list,’ source says Read More »

By Federico Maccioni, Manya Saini and Yousef Saba DUBAI (Reuters) -The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that previously faced restrictions over Washington’s concerns that China could access the technology. The …

UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Social media app TikTok was charged by EU tech regulators on Thursday with breaching EU online content rules, putting its owner ByteDance at risk of a fine of as much as 6% of its global turnover. The European Commission said it had sent its preliminary findings to TikTok following …

TikTok charged with breaching EU online content rules Read More »

MILAN (Reuters) -A leading Chinese investor in Italian tyre maker Pirelli said on Thursday a proposal the company had put forward to solve problems that having a Chinese shareholder pose for its U.S. expansion plans were “seriously unfair”. Without providing details on the proposal, Pirelli had said on Wednesday that its Chinese shareholder Sinochem had …

Pirelli’s Chinese investor rejected ‘unfair’ proposal but open to collaborate Read More »

BUDAPEST (Reuters) -Chinese electric vehicle giant BYD expects to establish a European centre in Hungary, CEO and President Wang Chuanfu said on Thursday at a news conference with Hungarian Prime Minister Viktor Orban in Budapest. Wang said that the new European centre will create 2,000 jobs and have three functions. It will be a hub …

China’s BYD plans to establish European centre in Hungary, CEO says Read More »