Reuters Asia Business

Japan’s Nidec foresees record annual profit, U.S. tariffs a concern

24 Apr 2025

By Kiyoshi Takenaka TOKYO (Reuters) -Japanese electric motor maker Nidec reported a larger-than-expected quarterly profit on Thursday and forecast a record annual operating profit, although it warned of uncertainty in the global economic outlook due to new U.S. tariffs. The Kyoto-based company predicted an operating profit of 260 billion yen ($1.82 billion) for the current …

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Analysis-Even Porsche can’t find its lane in China as foreign automaker sales skid

24 Apr 2025

By Nick Carey, Victoria Waldersee and Brian Thevenot SHANGHAI (Reuters) -Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. The world’s biggest automakers have steadily lost market share in recent …

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India expects steel imports to slow from China, S.Korea and Japan, government source says

24 Apr 2025

By Neha Arora MUMBAI (Reuters) – India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source directly aware of the situation told Reuters on Thursday. On Monday, India, the world’s second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional …

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Chinese commerce ministry holds meeting with foreign companies on tariff impact

24 Apr 2025

HONG KONG (Reuters) -China’s Commerce Ministry said on Thursday that it had held a meeting with more than 80 foreign companies and chambers in China to discuss the impact of U.S. tariffs on investment and the operation of foreign firms in the country. (Reporting by the Beijing newsroom; writing by Farah Master; Editing by Christian …

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Kimberly-Clark’s $4 billion international tissue unit set for three-way M&A fight, sources say

24 Apr 2025

By Kane Wu, Yantoultra Ngui and Luciana Magalhaes HONG KONG/SINGAPORE (Reuters) -Southeast Asia’s Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP), as well as Brazil’s Suzano SA are the final bidders for Kimberly-Clark’s international tissue business valued at around $4 billion, four people said. The three short-listed companies are doing due diligence …

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Hyundai Motor shifts output of Tucson SUV from Mexico to US in response to tariffs

24 Apr 2025

SEOUL (Reuters) – Hyundai Motor said on Thursday that it has shifted output of its Tucson crossover from Mexico to the United States in response to U.S. tariffs. The automaker is also considering whether to shift some production from South Korea to other locations. (Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Christopher Cushing)

Thai export growth at 3-year high in March, US tariffs a challenge

24 Apr 2025

BANGKOK (Reuters) – Thailand’s export growth in March reached the highest level in three years and shipments should continue to grow in the current quarter, although steep U.S. tariffs remain a concern, the commerce ministry said on Thursday. Exports, a key driver of Southeast Asia’s second-largest economy, climbed 17.8% in March from a year earlier, …

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Bangladesh, World Bank sign $850 million deal to boost jobs, trade

24 Apr 2025

DHAKA (Reuters) -Bangladesh and the World Bank on Wednesday signed two financing agreements worth $850 million to strengthen the South Asian country’s trade capacity, create jobs, and modernise its social protection system, the Washington-based global lender said. The bulk of the funding, $650 million, will support the Bay Terminal Marine Infrastructure Development Project, an initiative …

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Philippines stands to benefit from US tariff shake-up, but must address constraints, study shows

24 Apr 2025

MANILA (Reuters) -The Philippines stands to benefit from a sweeping U.S. tariff overhaul that has disrupted global trade flows, a new study showed, as the country emerges among the least exposed Southeast Asian economies to new U.S. duties targeting imports. The Philippines has not been spared from the global trade wars triggered by U.S. President …

Philippines stands to benefit from US tariff shake-up, but must address constraints, study shows Read More »

Taiwan proposes another $10 billion in aid to deal with US tariffs

24 Apr 2025

TAIPEI (Reuters) -Taiwan’s premier on Thursday proposed another $10 billion in spending as a special budget to help the economy deal with the impact of U.S. tariffs. Taiwan had been due to be hit with 32% U.S. tariffs two weeks ago, until President Donald Trump paused his “reciprocal tariffs” for 90 days. Speaking at a …

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