Reuters Asia Business

By Arasu Kannagi Basil and Tommy Reggiori Wilkes (Reuters) -Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly …

Cantor teams up with Tether, Softbank for $3.6 billion crypto venture Read More »

By Andrea Shalal WASHINGTON (Reuters) -More work is needed to improve the sovereign debt restructuring process and help countries facing mounting debt service challenges, the chairs of a global debt roundtable said on Wednesday, as they released a new playbook to aid those efforts. The Global Sovereign Debt Roundtable, formally launched in late 2022 to …

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices slipped 2% on Wednesday as sources said OPEC+ would consider accelerating its oil output increases in June, but losses were curbed following a report that U.S. President Donald Trump may cut tariffs on Chinese imports. Brent crude futures settled down $1.32, or 1.96%, at $66.12 a barrel, while …

Oil falls 2% after sources say OPEC+ to mull accelerating output Read More »

By Tamara Vaal ASTANA (Reuters) -Kazakhstan will prioritise national interests over those of the OPEC+ group when deciding on oil production levels, the country’s newly appointed energy minister told Reuters, ratcheting up the standoff with the group. Kazakhstan has repeatedly exceeded its oil output quotas over the past year, angering some OPEC+ members, including top …

Exclusive-Kazakhstan says oil output levels decided by national interest, not OPEC+ Read More »

By Hugo Lhomedet and Alessandro Parodi (Reuters) -Ray-Ban maker EssilorLuxottica on Wednesday confirmed its forecasts through 2026 but also said it was implementing measures including U.S. price increases to manage the impact of import duties in that country. The company, which makes lenses and sunglasses in Thailand and China and exports premium frames from Europe, …

Ray-Ban maker EssilorLuxottica confirms outlook, to raise US prices due to tariffs Read More »

By Trevor Hunnicutt WASHINGTON (Reuters) – The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would not be made unilaterally. The source’s comments followed a Wall Street Journal report that the White House is considering …

White House would consider cutting China tariffs as part of talks, source says Read More »