Reuters Asia Business

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank said on Monday it would “intervene aggressively” in domestic foreign exchange markets when they re-open on Tuesday for the first time since new U.S. tariffs were announced. Markets in Southeast Asia’s largest economy have been closed since March 28 for public holidays, and trading will resume …

Indonesia to ‘intervene aggressively’ when domestic markets reopen Read More »

(Reuters) – China’s Vice Commerce Minister Ling Ji told U.S. companies including Tesla and GE Healthcare that the country would always protect the rights of foreign-funded firms in China, including those from the United States. China has been, is, and will be an “ideal, safe, and promising investment ground for foreign investors,” Ling said at …

China tells US companies it will protect rights of foreign-funded firms Read More »

By Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Monday the government would prepare support measures for sectors with urgent needs, ahead of U.S. President Donald Trump’s 25% tariff, which will come into force this week. “Minister Choi Sang-mok emphasised the need to analyse the impact on the macroeconomy and prepare support measures …

South Korea to prepare support measures as US tariffs loom Read More »

By Trevor Hunnicutt ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Sunday foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterized as “medicine,” prompting further carnage in global financial markets. Asian stocks posted steep losses in early trading on Monday and U.S. stock market futures …

Trump compares tariffs to ‘medicine’ as Asian markets convulse Read More »

By Siyi Liu and Trixie Yap SINGAPORE (Reuters) – Run rates for China’s struggling independent oil refiners have nudged up recently, but still face near-term pressure over tepid domestic fuel demand and supply risks from U.S. sanctions and tariffs, industry participants and analysts said. Lower-than-average crude runs for the Shandong province-based independents known as teapots …

China teapot oil refiners improve run rates but demand woes, sanctions weigh Read More »