Reuters Asia Business

South Korea to tighten apartment trading rules in wealthy Seoul districts

SEOUL (Reuters) – South Korea said on Wednesday it will tighten property market trading rules in wealthy parts of Seoul to stem any speculative transactions that have been boosting home prices in the country’s capital. The fresh measures target some of the wealthiest districts of Seoul including Gangnam, Seocho, Songpa and Yongsan, where any apartment …

South Korea to tighten apartment trading rules in wealthy Seoul districts Read More »

Russian oil cargo transferred from sanctioned tankers discharged into China, data shows

By Chen Aizhu SINGAPORE (Reuters) – SINGAPORE, March 18 (Reuters) – A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese port, shiptracking data shows, ending an unusual month-long voyage highlighting the efforts of producers and traders to keep Moscow’s oil flowing despite tightened …

Russian oil cargo transferred from sanctioned tankers discharged into China, data shows Read More »

GoTo reiterates no deal in place with any party as it addresses Grab buyout rumours

(Reuters) – Indonesia’s GoTo Gojek on Wednesday reiterated that there was no agreement with any party about a potential transaction after a media report emerged that Singapore-headquartered Grab was moving forward to buy it. Bloomberg News reported on Tuesday that U.S.-listed ride and delivery firm Grab had begun due diligence on its Indonesian rival, citing …

GoTo reiterates no deal in place with any party as it addresses Grab buyout rumours Read More »

Indonesia minister says China’s Fujian province plans $975 million investment in special economic zone

JAKARTA (Reuters) – China’s Fujian provincial government plans to invest 16 trillion rupiah ($975 million) in Indonesia’s special economic zone in Batang in Central Java province, Indonesia’s chief economic minister said.  Airlangga Hartarto said in a video statement uploaded late on Tuesday that the planned  investment had been discussed at an earlier meeting of President …

Indonesia minister says China’s Fujian province plans $975 million investment in special economic zone Read More »

China’s Zeekr, Xpeng to offer cars with L3 autonomy as auto battle heats up

HANGZHOU, China (Reuters) -Chinese automakers Zeekr Group and Xpeng said on Tuesday they would start selling electric vehicles equipped with technology that will allow drivers to take their hands off the steering wheel, heating up a smart driving tech war. The companies, along with Guangzhou Automobile Group (GAC), made separate announcements that they would roll …

China’s Zeekr, Xpeng to offer cars with L3 autonomy as auto battle heats up Read More »

Japan manufacturers’ mood sours in March over Trump tariffs, Chinese economy: Reuters poll

By Satoshi Sugiyama TOKYO (Reuters) – Business sentiment among Japanese manufacturers in March worsened for the first time in three months into negative territory on concerns about U.S. tariff policies and weakness in China’s economy, a Reuters Tankan poll found. The poll, which tracks the BOJ quarterly business survey, showed the manufacturers’ index at minus …

Japan manufacturers’ mood sours in March over Trump tariffs, Chinese economy: Reuters poll Read More »

Summit Nanotech receives $25.5 million in funding for lithium extraction tech

(Reuters) – Summit Nanotech said on Tuesday it had secured $25.5 million in funding from a consortium of investment funds, bolstering its work on direct lithium extraction (DLE) technologies. Lithium, the metal used to make electric vehicle batteries, has been produced using water-intensive evaporation ponds or open-pit mines. However, DLE technologies intend to change that. …

Summit Nanotech receives $25.5 million in funding for lithium extraction tech Read More »

Samsung to face questions from shareholders after AI chip failings, stock price drop

By Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics is set for a tough annual general meeting on Wednesday with shareholders frustrated by its failure to ride a boom in artificial intelligence that made it one of the worst-performing tech stocks last year. Co-CEO Han Jong-hee and the head of its chip division Jun Young-hyun will be …

Samsung to face questions from shareholders after AI chip failings, stock price drop Read More »

Saudi Arabia awards mining exploration licenses to local, international firms

CAIRO (Reuters) – The Saudi industry and mineral resources ministry awarded on Tuesday mining exploration licenses to several local and international firms, state news agency SPA reported. The licenses were awarded to Indian miner Vedanta and a consortium comprising local Ajlan & Bros and China’s Zijin Mining among others. The exploration licenses cover the kingdom’s …

Saudi Arabia awards mining exploration licenses to local, international firms Read More »

Siemens to cut 8% of jobs at struggling factory automation business

By John Revill ZURICH (Reuters) -Siemens will cut 5,600 jobs at its Digital Industries business, the engineering company said on Tuesday, in the latest blow for German industry shaken by weak demand at home and abroad. The job cuts amount to a little more than 8% of the 68,000 people employed in Digital Industries globally, …

Siemens to cut 8% of jobs at struggling factory automation business Read More »

Close Bitnami banner
Bitnami