Reuters Asia Business

China’s Jiangsu Hengrui Pharmaceuticals aims to raise up to $1.27 billion in HK listing

15 May 2025

By Scott Murdoch (Reuters) -Chinese drug developer and producer Jiangsu Hengrui Pharmaceuticals is aiming to raise up to HK$9.89 billion ($1.27 billion) in a Hong Kong listing, according to a regulatory filing made on Thursday. The deal will be the second in Hong Kong to raise above $1 billion in the past week, as the …

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Analysis-Nissan is rolling out big cuts. Turning around sales will prove harder

15 May 2025

By Daniel Leussink TOKYO (Reuters) -Nissan’s new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs. With a lack of fresh models, new tariffs in its biggest market, and sharp competition from …

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BOJ to pause rate hikes through September amid Trump uncertainty: Reuters poll

15 May 2025

By Satoshi Sugiyama TOKYO (Reuters) – Most economists now expect the Bank of Japan will hold interest rates through September as it pauses to assess the effects of U.S. tariffs, a Reuters survey showed, although a slight majority still see at least a 25-basis-point hike by year-end. Those results echoed views expressed by BOJ rate-setters …

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Indonesia’s statistics bureau changes timing for trade data publication

15 May 2025

JAKARTA (Reuters) -Indonesia’s statistics bureau said it had changed the release schedule for monthly trade figures, and the publication of April trade data that was expected on Thursday will now be released on June 2. The bureau said the schedule for future releases had been changed from mid-month immediately after the data period to early …

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Starbucks said to start stake sale for China business, Bloomberg News reports

15 May 2025

(Reuters) -Starbucks has reached out to private equity firms, technology companies and others as it mulls options for its China business, including a possible stake sale, Bloomberg News reported on Wednesday. (Reporting by Gursimran Kaur in Bengaluru; Editing by Mrigank Dhaniwala)

South Korea’s deputy finance minister discussed forex with US Treasury official

15 May 2025

By Cynthia Kim and Yena Park SEOUL (Reuters) -South Korea’s deputy finance minister Choi Ji-young met with Assistant Secretary for International Finance at the U.S. Treasury, Robert Kaproth, to discuss the dollar/won market on May 5, a South Korean government official said on Wednesday. The two met on the sidelines of the 58th ADB Annual …

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APEC trade meeting chair: global trade and economy under strain from uncertainties

15 May 2025

SEOGWIPO, South Korea (Reuters) -South Korea’s top trade envoy will highlight on Thursday that the global economy and trade faced added strain from growing uncertainties and urged the Asia-Pacific Economic Cooperation (APEC) bloc to foster dialogue to tackle political and economic challenges. For two days starting on Thursday, trade representatives of APEC member economies will …

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Taiwan’s Computex to showcase AI advances, Nvidia’s Huang to take centre stage

15 May 2025

By Wen-Yee Lee TAIPEI (Reuters) – At Taiwan’s annual Computex trade show next week, the spotlight is expected to fall, once again, on Nvidia CEO Jensen Huang and the latest in artificial intelligence, but also on the potential destablising impact of higher U.S. tariffs. Huang, who last year sparked “Jensanity” from avid fans at the …

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Thai growth likely slowed in first quarter on weak investment and consumption: Reuters poll

15 May 2025

By Rahul Trivedi BENGALURU (Reuters) – Economic growth in Thailand likely slowed in the first quarter, weighed down by subdued private investment, weaker household consumption and a drop in tourism, according to a Reuters poll of economists. Southeast Asia’s second-largest economy was forecast to expand 2.9% on average in the three months to March 31 …

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China to US ocean cargo bookings surge after tariff pause, Vizion says

15 May 2025

LOS ANGELES (Reuters) -U.S. bookings for container transport from China to the United States spiked almost 300% in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. The average bookings for the seven days ended Wednesday soared 277% to 21,530 20-foot equivalent units from 5,709 …

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