Reuters Asia Business

China Minmetals unit sets sight on global potash assets with bid for Australian miner

13 May 2025

By Aaditya GovindRao (Reuters) -A unit of state-owned China Minmetals plans to invest $300 million to take control of Highfield Resources, Yankuang Energy said on Monday, as part of Minmetals’ push into potash projects in Canada and Spain. In September, Australian potash miner Highfield said it would raise $220 million from Yankuang Energy and other …

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Fund managers most underweight on US dollar since 2006, BofA says

13 May 2025

LONDON (Reuters) -Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for U.S. assets, Bank of America’s global fund manager survey (FMS) showed on Tuesday. The United States and China have agreed to a 90-day trade truce, after …

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China’s Ant Group sells Paytm shares for $246 million in block trade, term sheet shows

13 May 2025

By Scott Murdoch SYDNEY (Reuters) -China’s Ant Group has sold 25.5 million shares in India’s Paytm in a block trade to raise $246 million, according to a term sheet seen by Reuters. The sale, completed at a price of 823.10 Indian rupees ($9.69) a share, was equivalent to a 4% stake in Paytm, and the …

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Nissan to suspend operations at some domestic plants as part of restructuring, Nikkei says

13 May 2025

TOKYO (Reuters) -Japan’s Nissan Motor has decided to suspend operations at some domestic factories as part of a business restructuring effort, the Nikkei business daily reported on Tuesday. Details regarding which specific factories will be affected and whether they will be temporarily suspended or permanently closed are expected to be finalised at a later date, …

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Malaysia puts anti-dumping duties on some flat-rolled iron, non-alloy steel products

13 May 2025

KUALA LUMPUR (Reuters) -Malaysia’s Trade Ministry on Tuesday said it had imposed definitive anti-dumping duties on imports from China, India, Japan, and South Korea of flat-rolled products of iron or non-alloy steel that are clad, plated or coated with tin. Anti-dumping duties of 27.88% will be imposed on imports from India, while Chinese shipments will …

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Thailand plans to issue $150 million in digital tokens as debt, Finance Minister says

13 May 2025

BANGKOK (Reuters) -Thailand plans to issue about 5 billion baht ($150 million) worth of digital tokens as part of public debt, Finance Minister Pichai Chunhavajira said on Tuesday. ($1 = 33.1900 baht) (Reporting by Chayut Setboonsarng, Panarat Thepgumpanat, Thanadech Staporncharnchai, Orathai Sriring; Editing by John Mair)

China’s AI-powered humanoid robots aim to transform manufacturing

13 May 2025

By Brenda Goh, Eduardo Baptista, Qiaoyi Li SHANGHAI/BEIJING (Reuters) -In a sprawling warehouse in a Shanghai suburb, dozens of humanoid robots are manoeuvred by their operators to carry out tasks like folding a T-shirt, making a sandwich and opening doors, over and over again. Operating 17 hours a day, the site’s goal is to generate …

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Thailand foreign arrivals fall 1% YTD on previous year, says tourism ministry

13 May 2025

BANGKOK (Reuters) – Thailand’s foreign tourist arrivals fell 1.04% in the January to May 11 period, from the same period last year, the Tourism Ministry said on Tuesday.  The Southeast Asian country has logged 12.9 million foreign arrivals so far, the ministry said.  (Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Alasdair Pal)

CATL, Changan Mazda to develop EVs based on CATL’s ‘skateboard’ chassis

13 May 2025

BEIJING (Reuters) -Chinese electric vehicle battery maker CATL on Tuesday said it will partner Changan Mazda to develop new energy vehicles based on its “skateboard” chassis. CATL said its chassis “will help both parties greatly shorten the vehicle development cycle and jointly respond flexibly to changes in market demand”. Changan Mazda is a venture between …

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Chinese e-commerce giants make expensive bets on fast deliveries

13 May 2025

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Chinese e-commerce giants Alibaba and JD.com have opened a new front in the ongoing battle for market share, with both expanding aggressively into so-called instant retail centred around delivery speeds of 30 to 60 minutes this year. Investors will be dissecting the strategy when JD.com reports its …

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