Reuters Asia Business

Exclusive-Deutsche Bank’s DWS and Japan’s Nippon Life in talks on India venture

7 May 2025

By Tom Sims, Jayshree P Upadhyay and Emma-Victoria Farr FRANKFURT/MUMBAI (Reuters) -Deutsche Bank’s investment arm DWS is in talks to form an asset management joint venture in India with the Japanese insurer Nippon Life, four people with knowledge of the matter said, as the German company seeks to expand in Asia. The negotiations are at …

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HSBC launches Trump tariff payment process for US clients

7 May 2025

LONDON (Reuters) -HSBC has launched a new financing tool for U.S. clients to pay import duties following the imposition of sweeping tariffs by President Donald Trump on April 2, which drew retaliation from other countries including China. HSBC’s TradePay for Import Duties product will provide credit for and simplify the payment of import duties, the …

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India’s appeal for investors dimmed but not derailed by conflict with Pakistan

7 May 2025

By Ira Dugal, Bharath Rajeswaran and Jaspreet Kalra MUMBAI (Reuters) -The latest conflict between India and Pakistan may impact New Delhi’s efforts to pitch itself as a safe haven for foreign investors amid global economic turmoil – but not much, investors and analysts said on Wednesday, as tensions ratcheted up between the nuclear-armed neighbours. India’s …

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Toyota family working towards tender offer for key supplier as soon as November, Bloomberg reports

7 May 2025

TOKYO (Reuters) -Parties involved in Toyota Motor Chairman Akio Toyoda’s plan to buy out supplier Toyota Industries are working toward a tender offer as soon as November, Bloomberg News reported on Wednesday, citing people familiar with the matter. A special purpose vehicle set up by Toyoda for the buyout is being advised by Nomura Holdings, …

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Equinix Malaysia unit eyes alternative energy options amid expected electricity tariff hike

7 May 2025

KUALA LUMPUR (Reuters) -The Malaysian unit of data centre firm Equinix said on Wednesday it is looking at various providers of alternative energy as it expects an impending increase in domestic electricity tariffs to raise its costs. Malaysia’s government has previously announced that it will increase electricity tariffs by 14.2% in July.  Various renewable energy …

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UK fund Asset Value Investors launches campaign against Japan’s Wacom

7 May 2025

By Anton Bridge TOKYO (Reuters) -London-based investment fund Asset Value Investors has asked Japanese graphic tablet maker Wacom to improve its corporate governance and proposed an external director with capital markets experience, it said on Wednesday. Japanese companies have faced campaigns from investors anticipating higher shareholder returns once long-awaited corporate governance changes are implemented. Wacom’s …

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Tesla’s China-made EV sales fall 6% y/y in April as woes deepen

7 May 2025

BEIJING (Reuters) – Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe. Deliveries of China-made Model 3 and Model Y vehicles, which account for exports to markets …

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CEZ will appeal injunction halting nuclear power deal signing

7 May 2025

PRAGUE (Reuters) – Czech power utility CEZ will appeal against a court injunction preventing it from signing an $18 billion deal with Korea’s KHNP to build two new nuclear reactors, CEZ’s Chief Executive Daniel Benes said on Wednesday. Benes told reporters CEZ respected Tuesday’s court ruling but was continuing with preparations of the project despite …

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Singapore sets up new GasCo entity, appoints chief executive, says regulator

7 May 2025

SINGAPORE (Reuters) – Singapore’s energy regulator said on Wednesday the country has established a fully government-owned entity called Singapore GasCo to centralise the procurement and supply of gas to the power sector in the city-state. The entity would also reap economies of scale and negotiate more favourable gas contracting terms, procure natural gas from diverse …

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Alibaba, RedNote in tie-up as China e-commerce competition intensifies

7 May 2025

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Chinese e-commerce giant Alibaba is partnering with popular content platform RedNote to allow users on RedNote to directly click on product links to shop on Alibaba’s Taobao platform. The move essentially formalises an app-to-app shopping connection between RedNote – known in China as Xiaohongshu and often compared …

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