Reuters Asia Business

Malaysia to await tariffs clarity before revising outlook, central bank chief says

10 Apr 2025

KUALA LUMPUR (Reuters) – Malaysia’s central bank will wait for the global situation on trade tariffs to settle before making policy recommendations or revising growth forecasts, its governor said on Thursday. With a tariff of 24% on goods shipped to the United States, Malaysia was among several Southeast Asian nations facing hefty U.S. levies before …

Malaysia to await tariffs clarity before revising outlook, central bank chief says Read More »

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower

10 Apr 2025

By Andrea Shalal, Chris Sanders WASHINGTON (Reuters) -Donald Trump’s latest shift on Nippon Steel’s $14 billion bid for U.S. Steel sent shares of the 124-year-old American company down 7% on Thursday, after Trump said a day earlier that he does not want the steel producer to “go to Japan.”  Trump’s comments were the latest in …

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower Read More »

Pakistan to seek fresh bids for national airline, says adviser

10 Apr 2025

By Ariba Shahid ISLAMABAD (Reuters) – The Pakistani government will seek fresh expressions of interest for the sale of Pakistan International Airlines later this month, a government adviser said on Thursday, two days after PIA reported its first annual profit in over two decades. Pakistan has been looking to offload a 51-100% stake in debt-ridden …

Pakistan to seek fresh bids for national airline, says adviser Read More »

Exclusive-Singapore’s SC Capital in talks to buy British data centre group Global Switch, sources say

10 Apr 2025

By Amy-Jo Crowley and Yantoultra Ngui LONDON/SINGAPORE (Reuters) – Singapore-headquartered real estate investment manager SC Capital Partners has emerged as a potential bidder for British data centre group Global Switch, two people familiar with the matter told Reuters. The firm, backed by global real asset manager CapitaLand Investment, is working with advisers to buy the …

Exclusive-Singapore’s SC Capital in talks to buy British data centre group Global Switch, sources say Read More »

CATL approved for at least $5 billion Hong Kong listing, sources say

10 Apr 2025

By Scott Murdoch SYDNEY (Reuters) -Chinese battery giant CATL’s on Thursday received approval from the Hong Kong Stock Exchange for its listing in the city to raise at least $5 billion, according to two sources with direct knowledge of the matter. CATL’s listing is set to happen in the second quarter of this year, according …

CATL approved for at least $5 billion Hong Kong listing, sources say Read More »

Kazakhstan in talks with oil producers about output cuts, Ifx reports

10 Apr 2025

ALMATY (Reuters) – Kazakhstan has been in talks with oil producers about reducing output, which has been above the country’s OPEC+ quota, Interfax news agency reported on Thursday citing the energy ministry. Kazakhstan has been pumping oil above the limit agreed by the Organization of the Petroleum Exporting Countries and its allies led by Russia …

Kazakhstan in talks with oil producers about output cuts, Ifx reports Read More »

JFE to spend $2.26 billion to build large electric arc furnace in Japan

10 Apr 2025

TOKYO (Reuters) – JFE Steel, Japan’s No. 2 steelmaker and a unit of JFE Holdings, said on Thursday it will invest 329.4 billion yen ($2.26 billion) to build a large, advanced electric arc furnace (EAF) at its Kurashiki plant in western Japan. The move is part of efforts to reduce carbon dioxide (CO2) emissions and …

JFE to spend $2.26 billion to build large electric arc furnace in Japan Read More »

Intel CEO invested in hundreds of Chinese companies, some with military ties

10 Apr 2025

By Eduardo Baptista, Stephen Nellis and Max A. Cherney BEIJING/SAN FRANCISCO (Reuters) – Lip-Bu Tan, the man chosen to lead Intel, the U.S.’s largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army, according to a Reuters review of Chinese and U.S. corporate …

Intel CEO invested in hundreds of Chinese companies, some with military ties Read More »

Czechs to sign contract with KHNP on nuclear plant this quarter

10 Apr 2025

PRAGUE (Reuters) – The Czech Republic’s majority state-owned power company CEZ will sign a contract with South Korea’s KHNP on building two new 1,000-megawatt units at the Dukovany nuclear power plant this quarter, Finance Minister Zbynek Stanjura said on Thursday. The contract, expected to be worth at least 400 billion crowns ($17.56 billion), was originally …

Czechs to sign contract with KHNP on nuclear plant this quarter Read More »

Close Bitnami banner
Bitnami