Reuters Asia Business

Couche-Tard CEO says no NDA signed with Seven & i on potential store divestments

19 Mar 2025

TOKYO (Reuters) – Alimentation Couche-Tard CEO Alex Miller said on Wednesday no non-disclosure agreement had been signed over potential stores needed to be sold by the Canadian company and Japan’s Seven & i to meet U.S. antitrust conditions for a deal. Earlier in the day, a Seven & i spokesperson said the companies had signed …

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Beijing woos global executives as FDI slides, trade tensions build

19 Mar 2025

By Xiuhao Chen and Ryan Woo BEIJING (Reuters) -Chinese trade officials are stepping up a charm offensive as Beijing seeks to assure global business leaders of the economy’s long-term prospects despite a consumer slump and renewed trade tensions, meeting as many as four foreign executives early this week. Since February, China’s commerce minister, vice commerce …

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China to issue sovereign green yuan bonds in UK for first time

19 Mar 2025

BEIJING (Reuters) – China’s finance ministry said on Wednesday it would issue up to 6 billion yuan ($829 million) of yuan-denominated sovereign green bonds in London, marking China’s first issuance of such bonds overseas. The announcement, which didn’t provide more details, comes after a China-UK economic and financial discussion in Beijing chaired by Chinese Vice …

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Thai central bank says discipline needed in measures to tackle household debt 

19 Mar 2025

BANGKOK (Reuters) -Thailand’s central bank on Wednesday said solutions for addressing the country’s high household debt problem must ensure good financial discipline while also supporting credit access for debtors.  The issue was complicated and needed cooperation from many parties to be solved, the Bank of Thailand said in a statement.  It was responding to a …

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Sinochem selling bankrupt plant to independent Shandong refiner, sources say

19 Mar 2025

By Chen Aizhu SINGAPORE (Reuters) – Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state-run Sinochem Group in Shandong province, according to four sources familiar with the matter and an auction document. Changyi Petrochemical, a Sinochem-owned plant in China’s refining hub of Shandong, drew a top bid …

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Samsung CEO says company will pursue deals as it struggles for growth

19 Mar 2025

By Hyunjoo Jin and Heekyong Yang SUWON, South Korea (Reuters) -Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has …

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China ends two-year ban on Argentina poultry imports

19 Mar 2025

BEIJING (Reuters) – China has lifted a two-year ban on poultry imports from Argentina, reopening a key supply channel amid a tit-for-tat trade war with the United States that has led to steep tariffs on U.S poultry. Argentina suspended poultry exports in February 2023 after detecting Highly Pathogenic Avian Influenza (HPAI) in commercial poultry, prompting …

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Foxconn sees server revenue surpassing iPhone revenue in two years, agency report says

19 Mar 2025

TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s main iPhone maker, expects its server revenue to surpass its revenue from iPhones within two years, Taiwan’s Central News Agency reported. Foxconn Chairman Young Liu, asked by the news agency on the sidelines of Nvidia’s annual developer conference GTC on Tuesday on …

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