Reuters Asia Business

BEIJING (Reuters) -China’s industrial profits slipped in the first two months of 2025, signalling a challenging period ahead for businesses as they navigate persistent deflationary forces and an escalating trade war with the United States. The economy got off to an uneven start this year, as retail sales growth accelerated while consumer and producer prices …

China’s industrial profits fall in January-February as economic risks mount Read More »

By Valerie Volcovici and Lisa Baertlein WASHINGTON (Reuters) -Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump’s administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans. The proposed …

US fossil fuel, farm groups rail against Trump port fee plan at hearing Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Nasdaq slumps 2%, tariff fears intensify It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday …

Trading Day: ‘Tariff Man’ flexes muscles, markets cower Read More »

MILAN (Reuters) – Tyremaker Pirelli has postponed its planned board meeting by a day and it will now be held on Thursday, March 27, the company said on Wednesday, amid reports of tensions between leading investors. Pirelli said the delay was for “reasons of an organisational nature,” but it suggests its Chinese and Italian shareholders …

Pirelli postpones board showdown to Thursday Read More »

By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Jamieson Greer held “candid” talks with Chinese Vice Premier He Lifeng on trade issues during an introductory meeting, Greer’s office said as U.S. President Donald Trump prepares to raise tariffs on Chinese imports further. Greer outlined Trump’s trade policy goals in the video conference with He, …

US trade chief, Chinese vice premier express ‘candid’ concerns on trade tensions Read More »

BEIJING/SHANGHAI (Reuters) -China’s biggest brokerage CITIC Securities Co reported a 10% rise in net profit in 2024, driven by growing investment gains as domestic stock markets rebounded. Profit was 21.704 billion yuan ($2.99 billion) last year，compared to 19.721 billion yuan in 2023, the filing showed. The 2024 net profit was above the median estimate of …

China’s CITIC Securities 2024 profit rises 10%, driven by investment gains Read More »

By Bernadette Christina JAKARTA (Reuters) -Indonesian authorities will hand over more land that has been seized in probes into illegal palm plantations to new state company Agrinas Palma Nusantara, officials said on Wednesday, turning the company into a major industry player. Indonesia, the world’s top palm oil producer, began efforts this year to improve governance …

Indonesia steps up handing confiscated palm plantations to state company Read More »