Reuters Asia Business

China’s Bank of Communications 2024 profit flat, warns of margin pressure

21 Mar 2025

BEIJING/SHANGHAI (Reuters) – China’s Bank of Communications Co Ltd (BoCom) reported a 0.9% rise in 2024 net profit, while warning of margin pressure and bad debt. Profit was 93.586 billion yuan ($12.91 billion) last year，according to a filing on Friday. “Net interest margins will continue to face pressure in the short term,” BoCom vice president …

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Regulations needed to spur airlines to use sustainable fuel, Japan oil refiners group head says

21 Mar 2025

By Yuka Obayashi TOKYO (Reuters) – Japanese oil refiners believe concrete regulations and frameworks are needed to encourage airlines to use sustainable aviation fuel and develop supply chains to support decarbonization efforts, the head of the industry lobby group said on Friday. Cosmo Energy Holdings will launch Japan’s first domestic production of SAF in April, …

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China’s top food delivery firm Meituan’s revenue in line with estimates

21 Mar 2025

BEIJING (Reuters) -China’s largest food delivery firm Meituan posted fourth-quarter revenue on Friday that was largely in line with estimates, amid sluggish Chinese consumption. Meituan’s revenue reached 88.5 billion yuan ($12.21 billion) in the three months ended December, just above analysts’ estimates of 87.7 billion yuan, according to LSEG data. Meituan, whose app offers a …

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South Korea to fully lift stock short-selling ban for first time in 5 years

21 Mar 2025

SEOUL (Reuters) – South Korea will fully lift a short-selling ban in the domestic stock market from March 31 for the first time in five years, the financial regulator said on Friday. “With recent improvements and policy efforts, it is expected that concerns about short-selling trades undermining fair pricing in the market will be resolved,” …

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Japan’s space debris firm Astroscale to tie up with India’s Digantara, Bellatrix Aerospace

21 Mar 2025

By Kantaro Komiya and Nivedita Bhattacharjee TOKYO/BENGALURU (Reuters) – Japan’s Astroscale, a company specialised in removing orbital junk, has agreed with Bengaluru-based space companies Digantara and Bellatrix Aerospace to collaborate on technology and services, it said on Friday. The tie-ups will “hopefully” result in an orbital services bid for Indian clients “in one to two …

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Thai exports beat forecast in February but U.S. trade uncertainty clouds outlook

21 Mar 2025

By Orathai Sriring, Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s exports rose for an eighth consecutive month in February and more than expected, the commerce ministry said on Friday, although uncertainty over U.S. trade policy is clouding the outlook for the remainder of the year. Exports, a key driver of Southeast Asia’s second-largest economy, jumped 14.0% in …

Thai exports beat forecast in February but U.S. trade uncertainty clouds outlook Read More »

Thailand offers guarantee for pickup truck loans to boost flagging auto sector

21 Mar 2025

BANGKOK (Reuters) – Thailand is offering a guarantee for loans for pickup trucks, a key segment of its car manufacturing industry, as it seeks to boost a flagging autos sector that saw production slump to a four-year low last year.    Thailand is Southeast Asia’s biggest autos production centre and an export base for top automakers …

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Analysis-China’s criticism of Hutchison ports deal raises stakes for TikTok US sale

21 Mar 2025

(Reuters) – Beijing’s criticism of Hong Kong conglomerate CK Hutchison’s move to sell its ports business is a precursor to heightened political scrutiny of major Chinese business divestments involving American buyers, analysts say. The criticism of the deal, including the sale of assets near the Panama Canal to a BlackRock-led consortium, will, in particular, sharpen …

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