Reuters Asia Business

By Aditya Kalra and Heekyong Yang NEW DELHI/SEOUL (Reuters) -South Korea’s LG Electronics has delayed its Indian unit’s IPO plans due to market volatility and is now targeting launching the offering in the second or third quarter of fiscal year 2025-2026, instead of May, a source with direct knowledge said on Wednesday. U.S. President Donald Trump’s on-again-off-again …

LG Electronics delays India unit IPO on market jitters, source says Read More »

By Victoria Waldersee SHANGHAI (Reuters) -Mercedes-Benz CEO Ola Källenius said on Wednesday the German automaker was urging the European Union to find an “equitable solution” to create a level-playing field for China-made electric vehicles in Europe. A pure tariff barrier was the “crudest instrument” that could be applied, he told reporters on the sidelines of …

Mercedes CEO urges EU to find equitable solution to China-made EV tariff dispute Read More »

By Nick Carey, Victoria Waldersee and Brian Thevenot SHANGHAI (Reuters) -China’s annual auto shows have become the world’s premier showcase for the rise of ever-cheaper, high-tech electric vehicles from domestic brands in the world’s biggest car market. But the Shanghai auto show opened on Wednesday amid industry-wide uncertainty over how the U.S.-China trade war could …

Trade war, safety concerns take centre stage at Shanghai auto show Read More »

By Kevin Krolicki SHANGHAI (Reuters) – Nissan Motor will invest an additional $1.4 billion in China, where it believes it is on track to reverse a punishing slide in sales with the launch of some 10 new vehicles in the coming years, its China chief said on Wednesday. “We have been sort of slow in …

Nissan to spend $1.4 billion in China, ditching ‘slow’ response to fast market Read More »

By Andrea Shalal WASHINGTON (Reuters) -The United Steelworkers union told Treasury Secretary Scott Bessent it remains “unalterably” opposed to a $15 billion bid by Japan’s Nippon Steel to buy U.S. Steel, or any deal that would give Nippon influence over the company. USW President David McCall told Bessent in a letter sent late on Monday …

United Steelworkers union still ‘unalterably opposed’ to US Steel-Nippon deal Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japanese banks must monitor various risks associated with high levels of uncertainty over global trade policies, the Bank of Japan said on Wednesday, as U.S. President Donald Trump’s tariffs have rocked financial markets in recent weeks. “Japan’s financial system has been maintaining stability on the whole,” the BOJ said in …

BOJ calls on Japan banks to be vigilant against trade policy risks Read More »

By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea’s Industry Minister Ahn Duk-geun said on Wednesday that Seoul will seek a speedy solution over auto tariffs in trade talks with U.S. counterparts and is also prepared for the prospect of Washington bringing up the issue of defence costs.  U.S. ally South Korea is due …

South Korea to seek speedy solution on auto tariffs in US trade talks Read More »