Reuters Asia Business

Analysis-From near $1 to tariff war winner, euro confounds its naysayers

12 Apr 2025

By Yadarisa Shabong, Stefano Rebaudo and Alun John (Reuters) – The euro has emerged as a surprise winner of the recent tariff-induced market turmoil, confounding the earlier consensus by surging to a three-year high against the dollar as Europe proves a relatively safe bet amid the global chaos. Driving the currency’s move is global investors’ …

Analysis-From near $1 to tariff war winner, euro confounds its naysayers Read More »

Exclusive-Facing Trump tariffs, Vietnam eyes crackdown on some China trade

11 Apr 2025

By Francesco Guarascio HANOI (Reuters) -In hope of avoiding punishing U.S. tariffs, Vietnam is prepared to crack down on Chinese goods being shipped to the United States via its territory and will tighten controls on sensitive exports to China, according to a person familiar with the matter and a government document seen by Reuters.  The …

Exclusive-Facing Trump tariffs, Vietnam eyes crackdown on some China trade Read More »

Trump optimistic on reaching deal with China, White House says

11 Apr 2025

WASHINGTON (Reuters) – U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets. “The president has made it very clear he’s open to a deal with China,” Leavitt told …

Trump optimistic on reaching deal with China, White House says Read More »

China’s Cosco weighs legal action after Peru sets price controls at megaport

11 Apr 2025

LIMA (Reuters) – Chinese ports operator Cosco Shipping could kick off legal proceedings in Peru after the local regulator determined that prices at Cosco’s Chancay megaport must be controlled, the firm said in a statement sent on Friday. Cosco stressed that it offered competitive market conditions at Chancay, despite consumer protections agency INDECOPI ruling on …

China’s Cosco weighs legal action after Peru sets price controls at megaport Read More »

Price premium for gold in China jumps due to tit-for-tat tariffs

11 Apr 2025

By Ashitha Shivaprasad and Polina Devitt (Reuters) – The price premium for gold in top consumer China above global benchmark spot prices widened this week due to consumers and investors seeking refuge from the country’s escalating trade war with the United States, analysts said. In the latest salvo, China increased tariffs on U.S. imports to …

Price premium for gold in China jumps due to tit-for-tat tariffs Read More »

China expands access for Spanish pork as trade tensions with US mount

11 Apr 2025

By Ella Cao, Emma Pinedo and David Latona BEIJING/MADRID (Reuters) – China has signed two agricultural trade protocols with Spain covering pork and cherries as the world’s second largest economy acts to bolster ties with the European Union amid an escalating trade war between Beijing and the U.S. The deal, announced Friday by Spanish Prime …

China expands access for Spanish pork as trade tensions with US mount Read More »

Thailand will cut tariffs on US corn imports, minister says

11 Apr 2025

BANGKOK (Reuters) – Thailand will cut tariffs on imports of corn from the United States, but volumes still need to be finalised, the finance minister said on Friday. The country is among those in Southeast Asia hardest hit by U.S. President Donald Trump’s trade measures, with a much larger than expected 36% tariff. A 90-day pause on …

Thailand will cut tariffs on US corn imports, minister says Read More »

UAE’s Masdar signs MoUs for floating solar power projects in Indonesia

11 Apr 2025

(Reuters) – United Arab Emirates’ renewable energy company Masdar signed two memorandums of understanding with Indonesia’s state-owned electricity company Persero for floating solar power projects in the Southeast Asian country, it said in a statement on Friday. It is set to develop a floating solar power plant at the Jatigede Dam reservoir in West Java …

UAE’s Masdar signs MoUs for floating solar power projects in Indonesia Read More »

Indonesia’s $48 billion social security fund eyes doubling equities exposure

11 Apr 2025

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s $48 billion social security fund BPJS Ketenagakerjaan, the country’s largest institutional investor, aims to raise the share of local equities in its portfolio to up to 20% within three years, a top official told Reuters on Friday. Asked about this week’s local stock market tumble following the global …

Indonesia’s $48 billion social security fund eyes doubling equities exposure Read More »

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