Reuters Asia Business

Japan’s Eneos to ramp up investment in LNG, SAF while slowing hydrogen

12 May 2025

By Yuka Obayashi TOKYO (Reuters) -Japan’s top oil refiner, Eneos Holdings, plans to increase investment in low-carbon energy such as liquefied natural gas and sustainable aviation fuel, while slowing efforts in cleaner alternatives like hydrogen, its CEO said on Monday. Under a new three-year business plan through March 2028, Eneos will invest 1.56 trillion yen …

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As Brazilian president visits China, $1 billion sustainable fuel deal announced

12 May 2025

SAO PAULO (Reuters) -Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China’s Envision Energy to produce sustainable aviation fuel, as the country’s president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and …

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China’s Ant Group to sell 4% stake in India’s Paytm for $242 million, term sheet shows

12 May 2025

By Scott Murdoch (Reuters) -China’s Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters on Monday showed. Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell the stake at 809.75 rupees per share, a discount of 6.5% to Paytm’s closing price on …

China’s Ant Group to sell 4% stake in India’s Paytm for $242 million, term sheet shows Read More »

China’s official media welcome US tariff deal, others sceptical

12 May 2025

By Sophie Yu and Farah Master BEIJING/ HONG KONG (Reuters) -A tariff deal between the United States and China on Monday was greeted with scepticism on Chinese social media, while official commentary welcomed the news. Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary Scott Bessent said the two sides had agreed a …

China’s official media welcome US tariff deal, others sceptical Read More »

China hosts Latin American, Caribbean nations amid US trade war talks

12 May 2025

By Liz Lee and Laurie Chen BEIJING (Reuters) -China will host a summit that includes its key Latin American trade partners this week in an effort to advance influence and partnerships in the region, as Beijing and Washington work on defusing their trade war. Latin American and Caribbean officials including the presidents of Brazil, Colombia …

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Instant View: US-China agree to cut tariffs, 90-day pause

12 May 2025

LONDON/SHANGHAI (Reuters) – Stocks and the dollar surged on Monday after the United States and China said they had agreed on a 90-day pause on tariffs and reciprocal duties would drop sharply, giving investors some confidence that a full-scale trade war may have been averted. U.S. Treasury Secretary Scott Bessent, speaking after talks with Chinese …

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Sumitomo Metal to buy 30% stake in Rio’s Winu copper-gold project in Australia

12 May 2025

TOKYO (Reuters) – Japan’s Sumitomo Metal Mining (SMM) said on Monday it has agreed to buy a 30% stake in the Winu copper-gold project in Western Australia from Rio Tinto. The move comes as part of the Japanese miner’s efforts to expand its copper and gold assets, and follows the two miners’ agreement last December …

Sumitomo Metal to buy 30% stake in Rio’s Winu copper-gold project in Australia Read More »

China’s March shipments of foreign-branded cellphones drop almost 50%

12 May 2025

BEIJING (Reuters) -Chinese shipments of foreign-branded cellphones, including Apple Inc’s iPhones, dropped by 49.6% year on year in March, according to data released on Monday by a government-affiliated research company. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that March shipments of foreign-branded phones in China decreased …

China’s March shipments of foreign-branded cellphones drop almost 50% Read More »

India extends financial support to debt-ridden Maldives

12 May 2025

MUMBAI (Reuters) -India said on Monday it has extended financial support to the Maldives by rolling over New Delhi’s subscription to a $50 million treasury bill by another year at the request of the archipelago’s government. The State Bank of India has extended the subscription to the bill issued by the Maldives’ finance ministry, India’s …

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Singapore’s Sembcorp signs over $500 million in energy, utilities contracts

12 May 2025

(Reuters) -Singapore’s Sembcorp Industries said on Friday that it will provide gas, power and utilities solutions to Aster Chemicals and Energy under contracts worth more than S$650 million ($500.2 million). The utilities firm will provide the services to Aster for its integrated refining and chemical complex in Pulau Bukom and Jurong Island, off mainland Singapore. …

Singapore’s Sembcorp signs over $500 million in energy, utilities contracts Read More »

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