Reuters Asia Business

Japan to put 95.2% duty on China graphite electrodes from Saturday

25 Mar 2025

By Kantaro Komiya TOKYO (Reuters) -Japan’s cabinet has decided to impose a 95.2% anti-dumping duty on China’s graphite electrode exports for four months as a provisional measure effective on March 29, the government announced on Tuesday. The measure comes after a government probe concluded in its interim report last month that China was exporting graphite …

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China’s DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI

25 Mar 2025

BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company’s latest push to establish itself in the rapidly evolving AI market. …

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Japan’s Eneos to halt lubricants production at Yokohama by March 2028

25 Mar 2025

TOKYO (Reuters) – Japan’s largest oil refiner, Eneos, said on Tuesday that it will gradually halt production of lubricants and some petroleum products at its Yokohama plant near Tokyo by March 2028, but will consider relocating lubricants output to other facilities. The decision follows a comprehensive review of the petroleum refining and marketing landscape, including …

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Pakistan’s March inflation likely to stay in 1-1.5% range, finance ministry says

25 Mar 2025

ISLAMABAD (Reuters) – Pakistan’s inflation is likely to remain steady in March, in the 1% to 1.5% range, the country’s finance ministry said in its monthly economic outlook, after slowing to its lowest level in almost a decade the previous month. However, inflation could edge up slightly in April to the 2% to 3% range, …

Pakistan’s March inflation likely to stay in 1-1.5% range, finance ministry says Read More »

Japan PM Ishiba to adopt ‘strong measures to counter rising prices’, coalition partner says

25 Mar 2025

TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba told the leader of a junior party in the coalition government that he would “introduce strong measures to counter rising prices”, the head of the Komeito party, Tetsuo Saito, told reporters on Tuesday. Asked about Saito’s comment, Chief Cabinet Secretary Yoshimasa Hayashi told a press conference that …

Japan PM Ishiba to adopt ‘strong measures to counter rising prices’, coalition partner says Read More »

DeepSeek narrows China-US AI gap to three months, 01.AI founder Lee Kai-fu says

25 Mar 2025

By Liam Mo and Kane Wu BEIJING/HONG KONG (Reuters) – China has narrowed the AI development gap with the United States to just three months in some areas, because firms such as DeepSeek have worked out how to use chips and apply algorithms more efficiently, the CEO of Chinese startup 01.AI Lee Kai-fu said. Lee, …

DeepSeek narrows China-US AI gap to three months, 01.AI founder Lee Kai-fu says Read More »

Japan chemicals company JSR announces CFO to take CEO role

25 Mar 2025

TOKYO (Reuters) – Japanese chemicals company JSR said on Tuesday that Chief Financial Officer Tetsuro Hori would become CEO on April 1. Hori previously worked at semiconductor equipment maker Tokyo Electron and joined JSR in January. JSR, a major maker of photoresists used in chipmaking, was taken private by state-backed Japan Investment Corp (JIC) last …

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Japan’s Nomura Real Estate strikes deal with L&G to enter UK housing market

25 Mar 2025

By Iain Withers LONDON (Reuters) – One of Japan’s largest property developers has struck a deal with Legal & General to build more than 1,000 homes in Britain’s rental housing market, where demand for properties far exceeds supply. It’s Nomura Real Estate’s first foray into the UK rental home market, which has seen increasing foreign …

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Thailand car production drops 13.6% y/y in February on weaker sales, exports 

25 Mar 2025

BANGKOK (Reuters) – Car production in Thailand dropped 13.62% in February from a year earlier, as a lengthy decline in domestic sales and exports squeezed output for a 19th straight month, the Federation of Thai Industries said on Tuesday. The fall in production to 115,487 units, however, was smaller than January’s 24.63% year-on-year slump.  Thailand …

Thailand car production drops 13.6% y/y in February on weaker sales, exports  Read More »

Citigroup appoints Akira Hoshino as head of markets for Japan

25 Mar 2025

(Reuters) – Citigroup appointed Akira Hoshino as the head of markets for Japan on Tuesday, effective immediately. Hoshino, who previously led the foreign exchange and rates sales divisions, will drive business growth and lead the Markets franchise in Japan, the bank said. With over three decades of experience in markets trading globally, Hoshino will report …

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