Reuters Asia Business

By David Stanway SINGAPORE (Reuters) – China’s wind and solar power generation capacity surged to 1,482 gigawatts by the end of March, exceeding fossil fuel-based thermal power capacity for the first time in its history, the country’s energy regulator said on Friday. Though China is one of a small number of countries still commissioning new …

China’s wind, solar capacity exceeds thermal power for first time, energy regulator says Read More »

By Kentaro Sugiyama, Yoshifumi Takemoto and Makiko Yamazaki TOKYO (Reuters) -Japan’s Prime Minister Shigeru Ishiba on Friday said the government has compiled an emergency economic package to alleviate any impact on industries and households from new U.S. import tariffs. The package includes support for corporate financing as well as subsidies to lower gasoline prices by …

Japan compiles emergency economic package to ease tariff pain Read More »

BEIJING (Reuters) -BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with …

BYD’s quarterly profit surges at fastest pace in nearly two years Read More »

By Abhijith Ganapavaram, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid tensions over a deadly militant attack in Kashmir. India has said there were Pakistani elements …

Indian airlines to suffer higher costs, detours in ban from Pakistan airspace Read More »

By Anton Bridge TOKYO (Reuters) -Seven & I Holdings, the owner of 7-Eleven convenience stores, said it expects it will have to take a hard look at its supply chain and rein in costs as U.S. consumers grapple with the impact of U.S. tariffs. “My assumption is that we are going to be facing a …

7-Eleven owner says it will need to cut costs as US tariffs hit consumer confidence Read More »

By Casey Hall and Josh Arslan SHANGHAI (Reuters) -Car manufacturers looking to stand out in China’s constantly innovating auto market unveiled cars at Shanghai’s auto show this week featuring immersive entertainment, fragrance control, in-car refrigerators and even hot pot cooking equipment. The world’s largest and most electrified auto market is mired in a brutal price …

Automakers tout cinematic experiences and mini kitchens at Shanghai auto show Read More »

(Reuters) -Tencent Music Entertainment Group is in advanced talks to buy China’s largest online audio platform, Ximalaya Inc, for $2.4 billion, Bloomberg News reported on Friday, citing sources. Tencent Music, controlled by Chinese tech giant Tencent Holdings , is planning to use a combination of cash and shares for the acquisition, the agreement for which …

Tencent Music in talks to buy China’s Ximalaya for $2.4 billion, Bloomberg News reports Read More »

(Reuters) -Chinese property developer Country Garden said on Friday it would sell an 11.063% stake in LandSpace Technology Co for 1.31 billion yuan ($179.76 million). The disposal is part of the embattled property developer’s effort to resolve its liquidity issues. The company said it expects to record a cumulative pre-tax profit of 370 million yuan. …

China’s Country Garden sells 11% stake in LandSpace for $180 million Read More »