Reuters Asia Business

US issues export licensing requirements for Nvidia, AMD chips to China

(Reuters) – The U.S. Commerce Department said on Tuesday it was issuing new export licensing requirements for Nvidia’s H20, AMD’s MI308 artificial intelligence chips, as well as their equivalents, to China. “The Commerce Department is committed to acting on the President’s directive to safeguard our national and economic security,” a Commerce spokesperson said. Nvidia said …

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Chinese exporters on Rednote ask local consumers to buy goods meant for US

By Casey Hall and Sophie Yu SHANGHAI (Reuters) – Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs. Over the past week, dozens of sellers have broadcast livestreams showing goods produced …

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China’s Q1 GDP grows 5.4% y/y, beating expectations

BEIJING (Reuters) – China’s economy grew 5.4% year-on-year in the first quarter, data showed on Wednesday, beating expectations, but an escalating trade war with the United States has darkened the outlook and raised pressure on Beijing to roll out more stimulus. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 5.1% …

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China’s March industrial output rises at faster pace in March

BEIJING (Reuters) – China’s industrial output in March rose 7.7% from a year earlier, quickening from 5.9% growth in the January-February period, official data showed on Wednesday, as the world’s second-largest economy braced for the impact of hefty U.S. trade tariffs. The data released by the National Bureau of Statistics beat a 5.8% expansion forecast …

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BOJ’s Ueda says central bank may need to respond if US tariffs hurt economy, Sankei reports

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank may need to take policy action if U.S. tariffs hurt the Japanese economy, the Sankei newspaper reported on Wednesday, signalling the potential to pause the bank’s rate-hike cycle. Since February, risks surrounding U.S. President Donald Trump’s policies have “moved closer …

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US Treasury Sec Bessent invites South Korea finance minister for trade talks next week

SEOUL (Reuters) -South Korean Finance Minister Choi Sang-mok will hold a meeting with U.S. Treasury Secretary Scott Bessent next week to discuss trade issues during a visit to the United States at the suggestion of Bessent, Seoul’s ministry said on Wednesday. Choi was expected to attend a meeting of G20 finance ministers on the sidelines …

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Indonesia to propose $10 billion US energy imports increase in tariff talks

JAKARTA (Reuters) -Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday. Indonesian officials are set to leave for Washington later on Tuesday for negotiations over proposed U.S. trade …

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Trading Day: Another lull, but fireworks are coming

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  ECB, China GDP, Powell up next Investors enjoyed another day of much-needed rest and recuperation on Tuesday after the last few bruising weeks, with no further strains in global trade tensions or left-field …

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