Reuters Asia Business

BEIJING (Reuters) – The administration of Shanghai’s Lingang area signed an agreement with Italian carmaker Stellantis on Wednesday to set up a car and auto parts sustainable utilisation centre, the administration announced on social media on Thursday. The partnership will include the refurbishing of auto parts and electric vehicle batteries, as well as vehicle refitting. …

Shanghai’s Lingang area to work with Stellantis for auto parts utilisation centre Read More »

U.S. Donald Trump ratcheted up a trade war with China even as he did an about turn on steep new reciprocal tariffs on most trading partners on Wednesday. Trump hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday. Beijing may again respond in kind after slapping 84% …

Investors react to intensifying Sino-US trade tensions Read More »

TOKYO (Reuters) – Japan’s trade and industry ministry will consider taking action on imports of Chinese steel if any unfair practices are identified under World Trade Organization rules, a ministry official said on Thursday. The official also said that Japan will continue to urge the U.S. government to exempt it from steel and aluminum tariffs. …

Japan to act on Chinese steel imports if unfair practices found under WTO rules Read More »

By Forrest Crellin PARIS (Reuters) – An escalating global tariff war could provide challenges for the emerging data centre sector and cause slower growth, Laura Cozzi, the International Energy Agency (IEA) Director of Technology told Reuters. The U.S., China and the European Union together are set to account by 2030 for 80% of the forecast …

Global trade war may produce headwinds for nascent AI sector, IEA says Read More »

(Reuters) – Ray Dalio, founder of the world’s largest hedge fund, called for a U.S. deal with the Chinese on tariffs and said that the next goal for U.S. President Donald Trump’s administration should be to cut the country’s deficit to 3% of GDP. “Trump’s decision to step back from a worse way and negotiate …

Ray Dalio calls for US trade deal with China Read More »

HANOI (Reuters) – Vietnamese budget carrier Vietjet said on Thursday it has signed an agreement worth $300 million with AV AirFinance, a partner of investment fund KKR, to fund the expansion of its fleet. Thursday’s announcement confirmed a Reuters report last week on the finance deal done between Vietjet and AV AirFinance during a visit …

Vietjet signs $300 million finance deal, in talks to expand order with Boeing Read More »