Reuters Asia Business

Japan business lobby chief says rapid forex fluctuation undesirable

22 Apr 2025

TOKYO (Reuters) -The head of Japanese business lobby Keidanren, Masakazu Tokura, on Tuesday said rapid foreign exchange fluctuation is undesirable and that currencies must stabilise as much as possible to reflect economic fundamentals. Tokura was speaking after the U.S. dollar fell below 140 yen. He also welcomed Japan and the United States engaging in tariff …

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Japan sees little scope for grand deal on yen in talks with U.S

22 Apr 2025

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -When Japanese Finance Minister Katsunobu Kato meets his U.S. counterpart Scott Bessent in Washington this week, the yen is shaping up to be a major topic of discussion, though sources say Tokyo will push back against any request to boost its currency. While some analysts bet Washington …

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South Korea’s acting president Han expects positive outcome from US trade talks

22 Apr 2025

By Hyunsu Yim SEOUL (Reuters) -South Korea’s acting president Han Duck-soo expects this week’s trade talks with the United States to pave the way for a mutually beneficial outcome, he said during a cabinet meeting on Tuesday. U.S. President Donald Trump imposed reciprocal tariffs of 25% on imports of goods from South Korea earlier this …

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Thai cabinet appoints government-backed candidate as central bank chair 

22 Apr 2025

BANGKOK (Reuters) -Thailand’s cabinet on Tuesday appointed the government-backed candidate Somchai Sujjapongse as the new chair of the board of the Bank of Thailand, Finance Minister Pichai Chunhavajira said. The central bank board chair has no direct say in monetary policy but heads the board that picks four members to sit on the monetary policy …

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‘For our country’: China’s patriots are buying the dip

22 Apr 2025

By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Cao Mingjie had never traded stocks before Donald Trump’s “Liberation Day”. The home designer from China’s southern Guangdong province changed his mind after April 2, when the U.S. president announced “reciprocal tariffs”, intensifying a trade war with his country. Keen to show solidarity with Beijing, Cao …

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Thai PM says US tariff negotiations postponed to review ‘issues’

22 Apr 2025

BANGKOK (Reuters) -Thailand’s negotiations with Washington on steep trade tariffs were postponed because the United States has asked Bangkok to review important issues, Prime Minister Paetongtarn Shinawatra said on Tuesday.  A new meeting date was being scheduled, she said. The previous date for talks was April 23.  Thailand is among the Southeast Asian nations hardest …

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China ramps up business charm offensive towards Taiwan alongside political pressure, study shows

22 Apr 2025

By Yimou Lee TAIPEI (Reuters) -Nearly 40,000 Taiwanese joined industry events in China such as conferences and trade fairs supported by the Chinese government in 2024, a study showed on Tuesday, as Beijing ramps up a charm offensive toward the island alongside military pressure. China, which views democratically governed Taiwan as its own despite Taipei’s …

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Walmart-backed Flipkart to shift base back to India from Singapore

22 Apr 2025

(Reuters) -Flipkart will shift its holding company from Singapore to India, the e-commerce company said on Tuesday, as its parent Walmart aims to take the 17-year-old company public. Many Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home from financial …

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China’s Nio delays Europe launch of Firefly EV to third quarter

22 Apr 2025

SHANGHAI (Reuters) -China’s Nio said on Tuesday it would launch its Firefly electric vehicle in Europe in the third quarter, later than initially forecast, after it underestimated challenges involved in sales and service network expansions in the region. The company unveiled the Firefly brand in December as a rival product to Mercedes-Benz’s Smart and BMW’s …

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Shares of China’s CMOC jump after announcing acquisition of Lumina Gold

22 Apr 2025

BEIJING (Reuters) -Shares of China’s CMOC Group jumped on Tuesday, after the miner said it would acquire Canada-listed Lumina Gold for C$581 million ($420.7 million) in an all-cash deal. The acquisition will enable CMOC gain access to the flagship asset of Lumina Gold’s Cangrejos gold project, with total mineral reserves of 659 million tons, located …

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