Reuters Asia Business

(Reuters) -British sportswear and fashion group Frasers Group said on Monday it will open more than 350 Sports Direct stores in Southeast Asia and India under its existing partnership with Indonesian retailer MAP Active. The expanded partnership will see Frasers’ flagship sportswear brand grow further into Indonesia, as well as enter India, the Philippines, Thailand, …

Britain’s Frasers to open over 350 Sports Direct stores in India, Southeast Asia Read More »

BEIJING (Reuters) – China and the United States need to cooperate in artificial intelligence, and duplication of efforts in the area could be avoided, the president of the National Committee on United States-China Relations (NCUSCR) said. Stephen Orlins, who participated in the annual China Development Forum in Beijing, made the remark to reporters, according to …

China, US need to cooperate in AI, says US-China relations committee head Read More »

By Liz Lee BEIJING (Reuters) -China’s economy tsar, Vice Premier He Lifeng, sought to reassure foreign CEOs of the country’s business potential, describing the economy as highly resilient, while global investment banks cautiously raised their 2025 outlook for the country. Vice Premier He met with the heads of Apple, Pfizer, Mastercard, Cargill and others on …

China touts business potential to US companies despite ‘rising instability’ Read More »

By Clare Jim HONG KONG (Reuters) -China Sunac has become the first Chinese property developer to plan a second restructuring of its offshore debt. The company said in a filing on Monday it would seek a more comprehensive debt solution “to address its current offshore debt risks”, citing the impact of a liquidation petition against …

Chinese developer Sunac working on second restructuring of offshore debt Read More »

BEIJING (Reuters) -Tesla said on Monday it would release its smart driving-assistance feature in China after completing regulatory approval, following complaints that a limited-time free trial of its Full Self-Driving service had been temporarily paused. “All parties are actively advancing the relevant process and we will push it to you as soon as it is …

Tesla halts driving-assistance software trial in China, pending approval Read More »

BEIJING (Reuters) -China’s central bank said it will change the way it sells its medium-term loans, a move that market participants say may further erode the significance of role of such a bond instrument in guiding monetary policy. The People’s Bank of China said it will issue 450 billion yuan ($62.03 billion) of one-year medium-term …

China’s central bank to further erode role of medium-term loan rate Read More »

(Reuters) – Top Chinese refining major Sinopec Corp will prioritise “risk control” in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday. The remarks followed a recent move by China’s state-owned oil importers including Sinopec that have shied away from Russian oil purchases …

China’s Sinopec to prioritise risk control in Russian oil purchases, exec says Read More »