Reuters Asia Business

SINGAPORE (Reuters) -Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, the company said on Tuesday, and trade sources said the new owners had already started purchasing feedstock. Last year, Shell announced the sale of its Bukom and Jurong islands facility, which dates back to 1961. …

Shell completes Singapore refinery sale to Chandra Asri-Glencore venture Read More »

NEW DELHI (Reuters) – China is ready to import more Indian products and strengthen trade cooperation, Beijing’s ambassador to New Delhi said ahead of U.S. tariffs expected to take effect on Wednesday. The two Asian neighbours are taking steps to rebuild their ties after a 2020 border clash on their Himalayan frontier soured relations. China …

China willing to import more Indian products, envoy says Read More »

SINGAPORE (Reuters) – Singapore has designated 17 transport companies as critical firms subject to greater regulatory scrutiny under a new law effective on Tuesday, which authorities have said aims to guard against extreme scenarios involving “malicious actors”.  The Transport Sector (Critical Firms) Act would give the government tighter control over major Singaporean companies in the …

New law subjects 17 Singapore transport firms to greater government scrutiny Read More »

(Reuters) -U.S. retailing giant Walmart is continuing to push Chinese suppliers to cut prices to offset President Donald Trump’s tariffs, Bloomberg News reported on Tuesday, citing people familiar with the matter. Some Chinese manufacturers are finding it difficult to meet Walmart’s demands to cut prices by as much as 10% for each round of Trump’s …

Walmart continues to push Chinese suppliers to cut prices, Bloomberg News reports Read More »

By Colleen Howe BEIJING (Reuters) – China plans to launch pilot projects in nine cities that would use the country’s growing fleet of electric vehicles as batteries to shore up power supply on the grid during spikes in demand, according to a government announcement on Wednesday. The move follows on rules issued last year by …

China to launch grid-connected car projects to balance power supply Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Only 24 hours until Trump unveils new tariffs The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S. President Donald Trump’s “Liberation Day” on Wednesday, with markets struggling for clear direction as Trump’s new trade barriers loomed into view. Stocks …

Trading Day: Nervous calm ahead of ‘Liberation Day’ Read More »

(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the …

Alibaba prepares for flagship AI model release as soon as April, Bloomberg News reports Read More »