Reuters Asia Business

By Summer Zhen and Selena Li HONG KONG (Reuters) -Prospective investors in CATL’s upcoming $5 billion Hong Kong listing have been told the stock may be sold at a less than 10% discount to the Chinese battery maker’s Shenzhen-listed shares, according to three sources with direct knowledge of the matter. The discount offered could be …

CATL may offer less than 10% discount for $5 billion Hong Kong listing, sources say Read More »

By Laurie Chen, Michael Martina BEIJING/WASHINGTON (Reuters) -He Lifeng, a longtime confidant of Chinese President Xi Jinping who has slowly cultivated a reputation among foreign investors as a key fixer, will take centre stage in talks on Saturday aimed at breaking a trade deadlock with the United States. The vice premier will meet in Switzerland …

China’s trade tsar He Lifeng takes centre stage in US tariff talks Read More »

BANGKOK (Reuters) -Thailand’s economy and exports will grow less than expected this year because of U.S. tariffs, a leading business group said on Wednesday, adding the country could lose market share in the United States if a tariff reduction was not secured. Southeast Asia’s second-largest economy was now expected to grow between 2.0% and 2.2% …

Thai business group says U.S. tariffs will deliver hit to economy Read More »

TOKYO (Reuters) -Japanese drugmaker Shionogi said on Wednesday that it will acquire Torii Pharmaceutical, a subsidiary of Japan Tobacco, for more than 150 billion yen ($1.05 billion). Shionogi plans to acquire 54.84% of Torii’s voting rights from Japan Tobacco for 70.3 billion yen and launch an 80.7 billion yen tender offer for the company’s minority …

Drugmaker Shionogi to buy Japan Tobacco’s unit Torii Pharmaceutical for $1 billion Read More »

By Kevin Yao and Joe Cash BEIJING (Reuters) -Chinese authorities announced on Wednesday a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States. The announcements come shortly after U.S. and Chinese officials …

China injects ‘tactical’ monetary stimulus ahead of US trade meeting Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s United Overseas Bank, or UOB, will resume giving 2025 guidance when the impact of U.S. tariffs becomes clearer, it said on Wednesday after posting a stable first-quarter net profit that missed expectations. “The world order has been disrupted by U.S. tariffs. While it is too early to quantify the …

Singapore’s UOB pauses 2025 guidance due to US tariffs, posts stable Q1 net profit Read More »