Reuters Asia Business

Mitsubishi Heavy sees 10% operating profit growth this year on robust defence demand

9 May 2025

TOKYO (Reuters) -Japan’s Mitsubishi Heavy Industries (MHI) on Friday projected a 9.6% growth in operating profit this year on robust defence demand without weaving in impact of U.S. tariffs, after its fiscal 2024-25 earnings missed analyst expectations. The company expects operating profit of 420 billion yen ($2.9 billion) for the current financial year to March …

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China says it has full confidence in ability to manage US trade issues

9 May 2025

By Kevin Krolicki MALIPO, China (Reuters) -China has full confidence in its ability to manage U.S. trade issues, Vice Foreign Minister Hua Chunying said on Friday, a day before officials from both sides are set to meet in Switzerland to discuss the tariffs they have imposed on each other. “We have no fear,” Hua told …

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Japan March real wages dip, consumer spending up

9 May 2025

TOKYO (Reuters) -Japanese real wages decreased for a third consecutive month in March, squeezed by relentless inflation although consumer spending beat expectations, government data showed on Friday. The mixed wage and spending data highlights Japan’s challenging growth outlook, as the export-reliant economy faces tariff threats and uncertainty over monetary policy. Economists are expecting to see …

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US tariffs, Europe slowdown reshape global solar panels trade

9 May 2025

By Sudarshan Varadhan SINGAPORE (Reuters) -Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand, trade data showed. The U.S. government finalised steep levies on imports of solar cells and modules from …

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US commerce chief says dozens of trade deals to be rolled out over next month

9 May 2025

By Kanishka Singh WASHINGTON (Reuters) -Washington will roll out dozens of trade deals over the next month, but a 10% tariff imposed on most countries will likely stay, U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday WHY IT’S IMPORTANT Donald Trump’s top officials have engaged in a flurry of meetings since the U.S. president …

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US weighs plan to lower China tariffs to as low as 50%, New York Post reports

8 May 2025

WASHINGTON (Reuters) -The Trump administration is weighing a plan to slash the 145% tariff on Chinese imports by more than half as soon as next week, the New York Post reported on Thursday, citing unidentified sources. The White House dismissed the report as speculation. “When decisions on tariffs are made, they will come directly from …

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Chinese companies line up to sell ‘innovation bonds’, capitalising on Beijing’s technology push

8 May 2025

SHANGHAI (Reuters) -Chinese banks, brokerages and private equity firms are among companies kicking off plans on Thursday to sell so-called sci-tech innovation bonds. Beijing published detailed rules on Wednesday for a “technology board” in the bond market to fund innovation amid intensifying Sino-U.S. rivalry. Tech companies can already issue such bonds, but financial companies have …

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