Reuters Asia Business Archives - Page 588 of 2133

BOJ Ueda warns of heightened uncertainty from US tariff policy

14 Apr 2025 14 Apr 2025

TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to U.S. tariff policy. “U.S. tariffs will likely put downward pressure on global and Japanese economies through various channels,” Ueda told parliament. “The BOJ will guide monetary policy appropriately from the standpoint of sustainably …

BOJ Ueda warns of heightened uncertainty from US tariff policy Read More »

Trump says will announce semiconductor tariffs over next week

14 Apr 2025 14 Apr 2025

ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump on Sunday said he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility on some companies in the sector. Trump spoke with reporters aboard Air Force One as he traveled back to Washington from his …

Trump says will announce semiconductor tariffs over next week Read More »

Singapore central bank eases policy as US tariffs threaten growth

14 Apr 2025 14 Apr 2025

By Xinghui Kok, Yantoultra Ngui and Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s central bank loosened its monetary policy for the second time this year on Monday, saying prospects for global growth and trade have dimmed amid U.S. tariffs, and the trade ministry cut its growth forecast for the city-state. The government downgraded Singapore’s 2025 growth …

Singapore central bank eases policy as US tariffs threaten growth Read More »

Japan braces for talks on yen, BOJ in trade negotiatons with US

14 Apr 2025 14 Apr 2025

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Japan is gearing up for trade negotiations with the United States that will likely touch on the thorny topic of currency policy, with some officials privately bracing for Washington to call on Tokyo to prop up the yen. Prime Minister Shigeru Ishiba on Friday set up a …

Japan braces for talks on yen, BOJ in trade negotiatons with US Read More »

US Commerce Secretary says exempted electronic products to come under separate tariffs

13 Apr 2025 13 Apr 2025

WASHINGTON (Reuters) – U.S. Commerce Secretary Howard Lutnick said on Sunday in an interview with ABC’s “This Week” that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or so. U.S. President Donald Trump’s administration late on Friday granted exclusions from steep tariffs …

US Commerce Secretary says exempted electronic products to come under separate tariffs Read More »

China no longer welcome in UK steel sector, minister says

13 Apr 2025 13 Apr 2025

By David Milliken LONDON (Reuters) – China is no longer welcome in Britain’s steel sector after the government had to pass emergency legislation on Saturday to ensure control of Chinese-owned British Steel, business minister Jonathan Reynolds said on Sunday. Reynolds said the refusal of China’s Jingye Group to accept a roughly 500 million pound ($654 …

China no longer welcome in UK steel sector, minister says Read More »

South Korea’s POSCO considers joining Hyundai Steel’s $5.8 billion steel plant project in US, reports say

13 Apr 2025 13 Apr 2025

SEOUL (Reuters) – South Korean steelmaker POSCO is considering joining a project by Hyundai Steel to build a $5.8 billion plant in Louisiana as the country’s steel industry tries to respond to U.S. tariffs on the sector, news reports said on Sunday. Hyundai Steel said it did not have any comment on the matter. POSCO …

South Korea’s POSCO considers joining Hyundai Steel’s $5.8 billion steel plant project in US, reports say Read More »

Japan policymaker wants stronger yen, says Tokyo shouldn’t sell Treasuries

13 Apr 2025 13 Apr 2025

By Leika Kihara TOKYO (Reuters) -Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. Ahead of trade talks with the U.S., Itsunori Onodera, chair of the Liberal Democratic Party’s Policy Research Council, …

Japan policymaker wants stronger yen, says Tokyo shouldn’t sell Treasuries Read More »

Argentina seals $20 billion IMF deal, tears down currency controls

12 Apr 2025 12 Apr 2025

By Maximilian Heath and Anthony Esposito BUENOS AIRES (Reuters) -Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse …

Argentina seals $20 billion IMF deal, tears down currency controls Read More »

What Samsung and Vietnam stand to lose in Trump’s tariff war

12 Apr 2025 12 Apr 2025

By Heekyong Yang, Hyunjoo Jin and Francesco Guarascio SEOUL/HANOI (Reuters) – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its …

What Samsung and Vietnam stand to lose in Trump’s tariff war Read More »

Reuters Asia Business﻿﻿

Reuters Asia Business