Reuters Asia Business

By Ju-min Park SEOUL (Reuters) – South Korea’s trade and industry minister Ahn Duk-geun said on Wednesday that potential cooperation with Washington in the shipbuilding sector is a “very important card” in negotiating with the U.S. over its tariffs. U.S. President Donald Trump spoke to South Korean interim leader Han Duck-soo late on Tuesday to …

South Korea holds ‘shipbuilding card’ in US tariff negotiations, minister says Read More »

BEIJING (Reuters) -China’s car exports will likely face greater than forecast pressure this year as U.S. tariff hikes hit the economies of important overseas markets hard, potentially curbing consumer demand, a Chinese auto industry association said on Wednesday. China ships very few cars to the United States, which imposed a 100% tariff on imported Chinese …

China’s car exports under pressure as Trump tariffs roil overseas markets Read More »

By Farah Master and Jessie Pang HONG KONG (Reuters) – China began censoring some tariff-related content on social media on Wednesday after U.S. “reciprocal” tariffs on dozens of countries took effect, including massive 104% duties on Chinese goods, while posts criticising the U.S. were top hits. Hashtags and searches for “tariff” or “104” were mostly …

China censors some tariff-related content on social media Read More »

By Isabelle Yr Carlsson COPENHAGEN (Reuters) -Toymaker Lego has opened a new factory in southern Vietnam, it said on Wednesday, as the company aims for long-term growth in the Asia Pacific region and to move production closer to its consumers. Lego has invested $1 billion in the project, part of its decade-old strategy of placing …

Toymaker Lego opens Vietnam factory, taking production closer to key markets Read More »

TOKYO (Reuters) – Taiwan’s Foxconn sees Japan as a big opportunity for growing its electric vehicle business and hopes to agree on partnerships with Japanese companies as soon as possible, an executive in charge of the business said on Wednesday. Foxconn’s interest in working with Japanese automakers comes as they face a threat from Chinese …

Foxconn eyes Japan for electric vehicle growth, seeks partnerships Read More »

By Rocky Swift TOKYO (Reuters) -Japan’s Seven & i Holdings said on Wednesday fourth-quarter profit dropped 15%, a result that could hamper its ability to fend off a takeover attempt by Canada’s Alimentation Couche-Tard. Although earnings for the operator of 7-Eleven convenience stores came in somewhat better than expectations, it marked the fourth consecutive quarter …

Seven & i quarterly profit slides as it seeks to fend off Couche-Tard bid Read More »