Reuters Asia Business

Indonesia inflation rate stays below central bank target zone in March

8 Apr 2025

JAKARTA (Reuters) -Indonesia’s annual inflation rate was 1.03% in March, the statistics bureau said on Tuesday, missing market expectations and also staying below the central bank’s target range for the third consecutive month. A Reuters poll of analysts had expected an annual inflation rate of 1.17% in March. Bank Indonesia targets inflation within a range …

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China’s yuan hits 2023 lows on signs PBOC is tolerant of some weakness

8 Apr 2025

SHANGHAI (Reuters) – China’s yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its grip on the currency in what analysts said was an attempt to counteract the blow to exports from an intensifying global trade war. The escalating tariff spat between the world’s two largest economies showed …

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China’s DeepRoute.ai to team up with Qualcomm to develop advanced driver assistance solutions

8 Apr 2025

BEIJING (Reuters) – Chinese autonomous driving technology developer DeepRoute.ai said on Tuesday it will cooperate with Qualcomm to develop “cost-effective” advanced driver assistance solutions based on Snapdragon platforms. The solutions will cover lidar and vision-only systems and support features including urban navigation on autopilot, highway navigation and automated parking, according to a company statement. (Reporting …

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BYD expects Q1 net profit to grow 86.0-118.9% y/y

8 Apr 2025

BEIJING (Reuters) – Chinese electric vehicle giant BYD said on Tuesday it expects net profit in the first quarter to grow 86.0%-118.9% year-on-year. (Reporting by Beijing Newsroom; Editing by Tom Hogue)

US discusses tariffs, critical minerals, immigration with Pakistan

8 Apr 2025

By Kanishka Singh WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio spoke to Pakistani Foreign Minister Ishaq Dar on Monday about tariffs, trade relations, immigration and prospects for engagement on critical minerals, the State Department and Pakistan’s foreign ministry said in separate statements. President Donald Trump said last week that he would impose a 10% …

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Japan government to submit BOJ board nominee to parliament on Thursday, sources say

8 Apr 2025

By Yoshifumi Takemoto TOKYO (Reuters) – Japan’s government is set to submit a nominee to parliament on Thursday to fill a seat on the central bank’s board that opens up at the end of June, three government and ruling party sources told Reuters on Tuesday. The nominee, who would need to be approved by both …

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Hong Kong leader says city will sign more free trade pacts amid ‘ruthless’ US tariffs

8 Apr 2025

By James Pomfret and Clare Jim HONG KONG (Reuters) – Hong Kong leader John Lee said on Tuesday the city would sign more free trade pacts to diversify its risk amid a global trade war triggered by what he called “ruthless” U.S. tariffs that he said were disrupting the world economic and trade order. “The …

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Trump orders fresh review of Nippon Steel’s bid for US Steel

8 Apr 2025

By Alexandra Alper and Satoshi Sugiyama (Reuters) -President Donald Trump on Monday directed a U.S. national security panel to take a fresh look at Nippon Steel’s bid for U.S. Steel to help determine if “further action” is appropriate, raising hopes that the deal could gain an elusive green light. “I direct the Committee on Foreign …

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China financial regulator to raise insurance funds’ limits for stock investment

8 Apr 2025

BEIJING (Reuters) -China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset allocation ratio of some insurers by about 5%, the National Financial Regulatory Administration …

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Japan extends trade sanctions on North Korea until 2027

8 Apr 2025

TOKYO (Reuters) – Japan will extend the ban on all exports to and imports from North Korea for two more years, as part of Tokyo’s sanctions over Pyongyang’s missile development and other concerns, a government spokesperson said on Tuesday. In addition to North Korea’s repeated ballistic missile launches, the unresolved issue of abduction of Japanese …

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