Reuters Asia Business

By Ankika Biswas (Reuters) -As financial markets pin their hopes on a de-escalation in the U.S.-China trade war, some experts caution that meaningful progress in striking a deal between the world’s two largest economies may still be some way off. “Either tariffs are cut to more palatable levels or both sides put more exclusions on …

Strategists optimistic on China even as US-China trade war climbdown looks far off Read More »

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, reported on Monday that its April revenue rose 25.54% on year. Foxconn said it sees growth in the second quarter, compared with the year-ago period, adding that “the impact of evolving global political and economic conditions will need continued close …

Foxconn says April revenue rose 25.54% y/y, sees Q2 growth Read More »

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s economy grew at its weakest pace in more than three years in the first quarter, with headwinds expected in the rest of the year stemming from global trade turmoil and declining household spending. Southeast Asia’s largest economy grew 4.87% in the first quarter from a year …

Indonesia Q1 GDP growth slowest in more than three years Read More »

By Virginia Furness LONDON (Reuters) -The top sustainable finance executive at HSBC’s asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive. The exit of Erin Leonard, global head of sustainability at HSBC Asset Management, follows …

HSBC Asset Management’s global head of sustainability to depart Read More »

By Khanh Vu HANOI (Reuters) -Vietnam faces more challenges than opportunities because of U.S. tariffs but will still aim to meet its target of at least 8% growth this year, the Prime Minister said on Monday, ahead of the start of trade talks with Washington later this week.The Southeast Asian economy, which is heavily reliant …

Vietnam PM says still aiming for growth target despite U.S. tariffs Read More »

ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal. Trump told reporters aboard Air Force One that he had no plans to speak with Chinese President Xi …

Trump says he wants a fair trade deal with China Read More »