Reuters Asia Business

(Reuters) -China’s net gold imports via Hong Kong in October fell about 64% from September, Hong Kong Census and Statistics Department data showed on Tuesday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can significantly influence global gold markets. The Hong Kong data may not provide a complete picture of Chinese …

China’s October net gold imports via Hong Kong fall about 64% from September Read More »

SHANGHAI (Reuters) -China’s Ant Group posted a 10.3% rise in net profit to 8.37 billion yuan ($1.18 billion) in the three months to June 30, according to Reuters calculations based on Alibaba Group Holdings’ earnings released on Tuesday.    The e-commerce giant reports profit from Ant one quarter in arrears.    Both groups were co-founded …

China’s Ant Group quarterly profit up 10.3% on year Read More »

HEFEI, China (Reuters) -Volkswagen plans to export cars developed and made in China to more overseas markets, an executive said on Tuesday, as the German automaker looks to leverage its growing know-how in Chinese technologies to compete with Chinese rivals abroad.     The company, which started exporting China-made petrol limousines to the Middle East about six …

Volkswagen plans to export Chinese-made cars to more overseas markets but rules out Europe Read More »

By Ella Cao and Lewis Jackson BEIJING (Reuters) -China has extended its investigation into beef imports by another two months, giving global suppliers a longer temporary reprieve from potential trade restrictions as the domestic industry battles a supply glut. The investigation will now run until January 26, 2026, the commerce ministry said, citing “the complexity …

China extends beef import probe into 2026, delaying possible trade restrictions Read More »

BANGKOK (Reuters) -Thailand’s cabinet on Tuesday approved a 3.788 trillion baht ($116.7 billion) budget plan for the 2027 fiscal year, government spokesperson Siripong Angkasakulkiata said. The budget plan unveiled last week will see a budget deficit of 788 billion baht, or 3.9% of gross domestic product. The plan projects a 0.2% rise in spending and …

Thai cabinet approves $117 billion budget plan for 2027 fiscal year Read More »

TAIPEI (Reuters) -Taiwan Premier Cho Jung-tai said on Tuesday he had “no information” about any cooperation with South Korea on U.S. President Donald Trump’s tariffs on semiconductors, adding that Taiwan was conducting talks only with the United States. South Korea’s trade minister said on Monday he saw room for cooperation with Taiwan on Trump’s tariffs …

Taiwan says ‘no information’ on cooperation with South Korea on US chip tariffs Read More »

By Leika Kihara TOKYO (Reuters) -Japan on Tuesday launched a scheme aimed at cutting wasteful government spending by reviewing existing subsidy projects and investment funds, a move the administration hopes will alleviate market concern over its expansionary fiscal policy. The idea, dubbed by some analysts as the Japanese version of U.S. President Donald Trump’s Department …

Japan unveils its version of DOGE aimed at cutting wasteful spending Read More »