Reuters Asia Business

(Reuters) – Chinese electric automaker BYD said on Friday it signed a car parts distribution deal with Italian company Intergea, as part of its strategy to boost its presence in a key European market. Chinese auto producers are looking to boost sales in Europe while their domestic market slows down, counting on their advantage on …

China’s BYD signs car parts distribution agreement in Italy Read More »

By Rajendra Jadhav and Anushree Mukherjee (Reuters) – Gold demand in India remained sluggish this week because of record high prices and as jewellers were busy closing accounts for the financial year, while most other Asian hubs also saw waning buying interest. “Jewellers were not making purchases,” said Harshad Ajmera of wholesaler JJ Gold House …

Lofty prices eclipse buying interest in physical gold across Asian hubs Read More »

By Selena Li China Construction Bank said on Friday it had completed the private deployment of a large financial model based on DeepSeek R1 earlier this year. Private deployment means for internal use only. The comments were made by the bank’s CEO Zhang Yi at a press conference following annual results.  (Reporting by Selena Li; Editing …

China Construction Bank says it launched internal financial model based on DeepSeek R1 Read More »

TAIPEI (Reuters) – Taiwan will not raise electricity prices for now given global uncertainty over the impact of trade tariffs and geopolitical risks, but the government will seek parliamentary approval for funding to stem nearly $13 billion in losses for the state-run power firm. The government has been trying to contain price rises across the …

Taiwan freezes electricity prices, reports power utility losses of $13 billion Read More »

By Casey Hall SHANGHAI (Reuters) – The bosses of some of the world’s biggest companies met with Chinese President Xi Jinping in Beijing on Friday. It’s the second year running that chairmen, CEOs and company presidents of major global firms operating in China stuck around after the China Development Forum, an annual business conference held …

Factbox-Which global business leaders met with Chinese President Xi Jinping? Read More »

By Jiaxing Li and Li Gu HONG KONG/SHANGHAI (Reuters) – Mainland Chinese investors poured into Hong Kong’s stock market with a record buying spree in the first quarter, chasing an artificial intelligence frenzy and seeking portfolio diversification.  Net inflows from onshore funds into Hong Kong’s equity market through the Stock Connect scheme were over HK$435 …

Chinese investors pour record funds into Hong Kong stocks in first quarter Read More »

BEIJING (Reuters) – Yang Chao, the former secretary of party committee and president of China Life Insurance，is under investigation over suspected serious violation of discipline and law, China’s anti-graft watchdog, the Central Commission for Discipline Inspection, said in a statement on Friday. (Reporting by Beijing Newsroom; Editing by Muralikumar Anantharaman)