Reuters Asia Business

By Lawrence Delevingne and Samuel Indyk BOSTON/LONDON (Reuters) -Some trade policy relief and strong bank earnings were not enough to keep Wall Street from pushing U.S. stocks down slightly on Tuesday, although U.S. government bonds and the dollar regained some ground after sharp declines last week. U.S. President Donald Trump on Monday said he was considering a …

US stocks dip but bonds and dollar rebound on hopes of tariff relief Read More »

TOKYO/OTTAWA (Reuters) -Honda said it has no plans to move car production from Canada and Mexico to the U.S., responding to a report that it might move operations in an effort to avoid potentially devastating tariffs. “No changes are being considered at this time,” Honda Canada said in an emailed statement. “Honda has not made …

Honda says not currently considering changes to Canada, Mexico auto operations Read More »

By Engen Tham DALIAN, China (Reuters) – When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through a U.S.-listed holding company, Energroup Holdings. Chuming had not paid dividends …

China’s murky bankruptcies expose hazards for foreign investors Read More »

(Reuters) -China has ordered its airlines not to take further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of Boeing — which considers China one of its biggest growth markets and where rival Airbus …

China orders airlines to suspend Boeing jet deliveries amid trade war, Bloomberg News reports Read More »

TOKYO (Reuters) -Japan’s competition watchdog issued a cease and desist order to Alphabet’s Google on Tuesday for anticompetitive practices in the first such action against a U.S. tech giant. Google made smartphone makers prioritise its services, the Japan Fair Trade Commission (JFTC) said. The search giant must appoint a third party to monitor and report …

Japan competition watchdog issues cease and desist order to Google Read More »

LONDON (Reuters) – Britain’s Financial Conduct Authority has appointed staff in the United States and the Asia-Pacific region for the first time, to help overseas firms to enter the British market and boost exports of UK financial services, the watchdog said on Tuesday. Former investment banker Tash Miah started in April at the British embassy …

Britain’s financial watchdog sets up in US and Asia to attract firms to UK Read More »

(Reuters) – British consumer healthcare group Haleon on Tuesday said it gained full control of its Chinese joint venture after acquiring Tianjin Pharmaceutical Da Ren Tang’s 12% stake for about 1.62 billion yuan ($221.4 million). The joint venture, Tianjin TSKF Pharmaceutical Co (TSKF), was founded in 1984 and manufactures and distributes over-the-counter products under Haleon’s …

UK’s Haleon takes full control of Chinese consumer healthcare venture Read More »