Reuters Asia Business

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising trade tensions would further slow growth. The IMF released an update to its World Economic Outlook compiled …

IMF cuts growth forecasts for most countries in wake of century-high US tariffs Read More »

By Francesco Guarascio HANOI (Reuters) -Vietnam’s trade ministry has issued a directive to crack down on illegal transhipment of goods to the United States and other trading partners as it tries to avoid steep U.S. tariffs, according to a document reviewed by Reuters. The ministry in the directive, which was dated and effective April 15, …

Vietnam cracks down on fraud on US exports, document shows Read More »

By Victoria Waldersee SHANGHAI (Reuters) – Volkswagen Group showcased five new models developed for China and an in-house assisted driving system on Tuesday in Shanghai as it fights to win back share in the fiercely competitive market. The new models include new VW cars and a new Audi range for the Chinese market. The German …

VW Group pitches comeback in China with new models, in-house assisted driving Read More »

TAIPEI (Reuters) -Increasing purchases of U.S. natural gas and oil is a focus of Taiwan’s tariff talks with the United States, President Lai Ching-te said on Tuesday. Lai has pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, as he seeks to head …

Taiwan says buying more US gas, oil is a focus in tariff talks Read More »

By Anton Bridge and Roushni Nair (Reuters) -Nomura is acquiring Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion, marking the Japanese investment bank’s most ambitious expansion abroad since its failed purchase of Lehman Brothers’ assets. Japan’s largest investment bank and brokerage will take over the management of the publicly traded assets, …

Nomura to buy Macquarie’s US, European asset management units for $1.8 billion Read More »

MOSCOW (Reuters) -Major Russian banks have set up a netting payments system dubbed “The China Track” for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions, banking sources told Reuters. Russia’s trade with China hit a record $245 billion last year despite payment problems and commissions …

Exclusive-‘China Track’ bank netting system shields Russia-China trade from Western eyes Read More »

(Reuters) -Regeneron Pharmaceuticals said on Tuesday it has signed a deal worth more than $3 billion with contract drug developer Fujifilm Diosynth, potentially doubling its U.S. manufacturing capacity and bringing its total investments in the country to over $7 billion. Major U.S. drugmakers, including Eli Lilly and Johnson & Johnson, have recently announced additional investments …

Regeneron to invest over $3 billion to boost US manufacturing Read More »