Reuters Asia Business

By Yuka Obayashi TOKYO (Reuters) -The premium for aluminium shipments to Japanese buyers for April to June was set at $182 a metric ton, down 20% from the current quarter, as demand remained dull at home, six sources directly involved in pricing talks said. The figure is lower than the $228 per ton paid in …

Japan Q2 aluminium drops to $182/T on weak demand -sources Read More »

(Reuters) -Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp, taking complete ownership of the manufacturing plant. Located in the southern Indian city of Chennai, RNAIPL began operations in 2010, with Paris-based Renault and Japan-based Nissan holding a 30% …

Renault to buy Nissan’s stake in India manufacturing unit, taking full ownership Read More »

BEIJING (Reuters) -Shares in China’s big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan to boost their core capital. The recapitalisation aims to help the banks to increase capital buffers and manage asset quality strains. China’s major banks have reported flat annual profit and lower margins as a …

China bank shares rise after $72 billion recapitalisation plan Read More »

By Che Pan and David Kirton BEIJING/SHENZHEN (Reuters) -China’s Huawei Technologies said on Monday its profit fell by over a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its revenue grew at the fastest rate in five years. Net profit tumbled …

China’s Huawei 2024 profit drops; revenue rises at fastest rate in five years Read More »

(Reuters) -Hong Kong’s retail sales by value fell by 13% in February from a year earlier, the 12th consecutive month of declines, government data showed on Monday. Sales declined to HK$29.4 billion ($3.78 billion), with the percentage change widening from a revised 3.1% fall in January, reflecting the earlier arrival of the Lunar New Year …

Hong Kong February retail sales drop 13%, challenges seen ahead Read More »

BANGKOK (Reuters) – Thailand’s economic activity eased in February due to slowing activity in manufacturing and services, according to the central bank, which said it was monitoring any impact on the tourism sector of last week’s earthquake. Tourism, a key driver of the Thai economy, also slowed in February from the previous month. The central …

Thailand’s economic activity slows in February, central bank to assess quake impact Read More »

By Lisa Barrington SEOUL (Reuters) – Several airlines have updated their guidance on carrying lithium batteries onboard. The batteries are in devices such as cellphones and e-cigarettes, and can malfunction to produce smoke, fire or extreme heat. In 2024, three incidents of overheating lithium batteries on planes were recorded globally every two weeks by the …

Airlines that have updated their lithium battery policies Read More »