Reuters Asia Business

HONG KONG (Reuters) – China’s Foreign Minister Wang Yi said Beijing stands on the side of international rules on U.S.-imposed tariffs and opposes protectionism, the Foreign Ministry on Saturday. Speaking on the sidelines of a China-Central Asia foreign ministers meeting in Kazakhstan, Wang said Beijing would seek solidarity with other countries on the tariff situation …

China foreign minister says US tariffs show “extreme egoism” Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent was encouraged by “productive” early trade talks with Japan and South Korea this week, the Treasury said in a statement on Friday. In a readout issued a day after the bilateral meeting in Washington with Japanese Finance Minister Katsunobu Kato, the Treasury said Bessent “welcomed the strong …

US Treasury’s Bessent encouraged by ‘productive’ Japan, South Korea trade talks Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China, the Treasury said on Friday. During a bilateral meeting, Bessent also emphasized the need for an “all-of-the-above energy strategy” and exchanged views with Kanda on financing civilian nuclear energy. “Secretary Bessent …

US Treasury’s Bessent urges Asian Development Bank to move towards ending China loans Read More »

By Jan Strupczewski WASHINGTON (Reuters) -The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of tariffs on each other’s goods, EU Economic Commissioner Valdis Dombrovskis said on Friday. The U.S. imposed 25% tariffs on EU cars, steel and aluminium in March and …

US and EU not close to deal on tariffs – EU’s Dombrovskis Read More »

BEIJING (Reuters) -China’s biggest listed steelmaker, Baoshan Iron & Steel Co, on Friday reported a 26.4% annual increase in its first-quarter net profit thanks to lower costs, but flagged persistent risks from rising trade tensions. The company, known as Baosteel, said in a filing to the Shanghai Stock Exchange that it earned about 2.43 billion …

China’s Baosteel Q1 net profit jumps 26.4% on lower costs Read More »