Reuters Asia Business

VinFast’s losses widen after offering promotions to boost EV sales in Asia

24 Apr 2025

By Phuong Nguyen and Akash Sriram (Reuters) -Vietnamese electric vehicle maker VinFast’s losses widened in the fourth quarter, it said on Thursday, due to rising costs linked to its overseas expansion and free charging programme aimed at attracting buyers. VinFast reported a net loss of $1.3 billion for the fourth quarter of 2024, worsening from …

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Hong Kong bourse operator to shift headquarters in $812 million deal

24 Apr 2025

(Reuters) -Hong Kong’s bourse operator will shift its headquarters, it said on Thursday, and will take over the top nine floors of a building in a complex owned by developer Hongkong Land for HK$6.3 billion ($812.06 million). Hong Kong Exchanges and Clearing’s (HKEX) new office is located in the same retail centre in the city’s …

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China pushes for tariff cancellation to end US trade war

24 Apr 2025

By Yukun Zhang, Jing Xu and Lewis Jackson BEIJING (Reuters) – China called for all “unilateral” U.S. tariffs to be cancelled on Thursday, as signs emerged that the Trump administration may de-escalate its trade war with Beijing. China also clarified it has not held trade talks with Washington despite repeated comments from the U.S. government …

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Vietnam’s main stock exchange to launch new system, paving way for market upgrade

24 Apr 2025

HANOI (Reuters) -Vietnam’s Hochiminh Stock Exchange said on Thursday it will next month launch a new trading system, a move that could boost the country’s chances of being reclassified as an emerging market. The May 5 introduction of the KRX system from Korea Exchange is expected to speed up settlement of transactions, as part of …

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France to seek protection from Chinese steel imports after ArcelorMittal job cuts

24 Apr 2025

PARIS (Reuters) -France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s …

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LG considers raising prices, moving production due to tariffs

24 Apr 2025

SEOUL (Reuters) -LG Electronics is considering price increases for some products in response to U.S. tariffs and is also reviewing its options for shifting production of home appliances to the United States, the South Korean company said on Thursday. “We are optimizing our production locations and also considering price hikes through discussions with our distribution …

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Analysis-Tariff-hit China exporters reluctant to heed government calls to sell locally

24 Apr 2025

By Liangping Gao, Ellen Zhang and Casey Hall BEIJING/SHANGHAI (Reuters) -Eno Qian, who runs a clothing factory in eastern China, says she makes a 20 yuan ($2.74) profit for every item she sells abroad and only a tenth of that on domestic sales, making a shift to the local market “not viable” for her tariff-hit …

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Vietnam Airlines to finalise 50 Boeing narrow-body order soon, sources say

24 Apr 2025

HANOI (Reuters) – Flag carrier Vietnam Airlines <HVN.HM> is close to finalising a provisional order for 50 Boeing 737 MAX jets that it made in 2023, industry sources said, as it signed a funding arrangement for 50 single-aisle planes on Thursday. The airline said it had signed a memorandum of understanding with the country’s top …

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France’s Dassault Systemes cuts margin outlook on tariff volatility

24 Apr 2025

By Anna Peverieri (Reuters) -France’s Dassault Systemes lowered its annual operating margin growth forecast on Thursday due to tariff-related market volatility, sending the software company’s shares tumbling. Its shares had fallen 9% to the bottom of France’s mid-cap SBF 120 index SBF120 and the CAC 40 blue-chip index by 0740 GMT. Dassault, which sells its …

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Chinese coal buyers reject new Indonesia price benchmark

24 Apr 2025

By Colleen Howe, Bernadette Christina and Fransiska Nangoy BEIJING/JAKARTA (Reuters) -Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate …

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