Reuters Asia Business

By Jana Choukeir DUBAI (Reuters) – Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the development of new energy vehicle technologies, Aramco said on Monday. The agreement, signed by Aramco unit Saudi Aramco Technologies Company (SATC), aims to enhance vehicle efficiency and environmental …

Saudi Aramco signs development deal with China’s EV giant BYD Read More »

(Reuters) -Thailand’s food giant Charoen Pokphand Foods will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp for $1.1 billion to become its sole owner, the company said on Monday. Bermuda-based C.P. Pokphand, which operates agri-food businesses such as animal farming and the sale of processed food products in China and …

Thailand’s Charoen Pokphand Foods to buy Itochu’s stake in C.P. Pokphand for $1.1 billion Read More »

By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – South Korea’s acting President Han Duck-soo said on Monday he expected trade talks with the United States this week in Washington to be the start of meaningful cooperation, but added that negotiations may not be easy. Han said that South Korea’s ministers of finance and industry …

S.Korea braces for tough US trade talks, liberal party issues caution Read More »

BEIJING (Reuters) -China is willing to import more Indonesian products, Foreign Minister Wang Yi told his Indonesian counterpart on Monday, describing the two countries as “defenders of economic globalisation and free trade”. China and Indonesia should enhance mutual trust and cooperation, jointly safeguard the multilateral trading system and defend international fairness and justice, Wang said …

China to import more Indonesian products, foreign minister says Read More »

JAKARTA (Reuters) -South Korea’s LG Energy Solution has formally withdrawn from a 142 trillion rupiah ($8.45 billion) project to develop electric vehicle battery making in Indonesia, the company said on Monday. LGES and the Indonesian government signed a deal on the so-called Indonesia Grand Package project in late 2020, which includes investments across the EV …

South Korea’s LG Energy Solution pulls out of Indonesia EV battery investment Read More »

By Sam Nussey TOKYO (Reuters) -Nintendo’s Switch became a source of much-needed escapism during pandemic restrictions. Now, the Japanese video game company faces the harsh reality of a brutal trade war as it launches its successor device. The Switch 2 is set to debut on June 5. That is eight years after the original Switch, …

Analysis-Nintendo faces trade war test with Switch 2 launch Read More »