Reuters Asia Business

Japan’s JOGMEC, Iwatani to invest $120 million in French rare earths project

17 Mar 2025

By Yuka Obayashi TOKYO (Reuters) -Japan’s state-owned JOGMEC, tasked with ensuring minerals and energy security, and gas firm Iwatani said on Monday they will invest up to 110 million euros ($120 million) in a French rare earths refining project to diversify procurement. The move is part of efforts by Japan and its allies to strengthen …

Japan’s JOGMEC, Iwatani to invest $120 million in French rare earths project Read More »

Nvidia CEO to defend AI dominance as competition intensifies

17 Mar 2025

By Stephen Nellis and Max A. Cherney (Reuters) – When Nvidia CEO Jensen Huang takes the stage this week for the company’s annual software developer conference, he will defend his nearly $3 trillion chip company’s dominance as pressure mounts on its biggest customers to rein in the costs of artificial intelligence. Nvidia’s conference comes after …

Nvidia CEO to defend AI dominance as competition intensifies Read More »

Top creditor China approved no loans to Cambodia in 2024, data shows

17 Mar 2025

(Reuters) -China signed no new loans to Cambodia last year, latest data from Cambodia’s finance ministry shows, in a dramatic reversal by the country’s top creditor that if continued could affect infrastructure projects in the Southeast Asian nation. With about $4 billion in outstanding loans, China accounts for more than a third of the country’s …

Top creditor China approved no loans to Cambodia in 2024, data shows Read More »

Exclusive-BYD considers Germany for third plant in Europe

17 Mar 2025

By Giulio Piovaccari MILAN (Reuters) – Chinese electric vehicle giant BYD is considering Germany for a possible third assembly plant in Europe, a source familiar with the matter told Reuters, after the region’s biggest economy and car market opposed EU tariffs on China-made EVs last year. Chinese carmakers are looking to set up manufacturing and …

Exclusive-BYD considers Germany for third plant in Europe Read More »

Foreign-branded smartphone shipments down 21% y/y in China in Jan, CAICT data shows

17 Mar 2025

BEIJING (Reuters) -Shipments of foreign-branded smartphones, including Apple Inc’s iPhone, in China fell 21% in January year-on-year, according to Reuters’ calculations based on data released on Monday by a government-affiliated research firm. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that during the month shipments of foreign-branded …

Foreign-branded smartphone shipments down 21% y/y in China in Jan, CAICT data shows Read More »

Indonesia’s Feb palm oil exports hit 4-month high on tax cut

17 Mar 2025

By Bernadette Christina and Rajendra Jadhav JAKARTA/MUMBAI (Reuters) – Indonesia’s crude and refined palm oil exports surged 62.2% in February from a month ago to reach a four-month high, the statistics bureau said on Monday, as Jakarta’s move to lower export taxes attracted buyers away from Malaysia. Higher palm oil exports from Indonesia, the world’s …

Indonesia’s Feb palm oil exports hit 4-month high on tax cut Read More »

BMW to integrate Huawei smart-connect system into its China-made cars in 2026

17 Mar 2025

BEIJING (Reuters) -BMW Group will integrate Huawei HiCar, the Chinese tech conglomerate’s car mobile app connecting devices with vehicles, into its locally produced new models in 2026, the German automaker said on Monday. BMW is teaming up with Huawei to develop smart applications based on the Harmony operating system for drivers of its vehicles using …

BMW to integrate Huawei smart-connect system into its China-made cars in 2026 Read More »

China power generation dips in Jan, Feb for only third time since the 1990s

17 Mar 2025

BEIJING (Reuters) -Thermal power generation in China, fuelled mainly by coal, fell at the beginning of the year, down in both January and February, official data showed, one of only a handful of times it has declined during that period in more than two decades. China’s power generation dipped by 1.3% to 1.49 trillion kilowatt-hours …

China power generation dips in Jan, Feb for only third time since the 1990s Read More »

Thailand approves $2.7 billion of investments in data centres and cloud services

17 Mar 2025

BANGKOK (Reuters) – Thailand has approved 90.9 billion baht ($2.7 billion) worth of investments in data centres and cloud services, its investment board said on Monday, the latest additions to the country’s expanding tech sector.  The projects include data centres from China’s Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company,  GSA Data Center …

Thailand approves $2.7 billion of investments in data centres and cloud services Read More »

Japan’s Sapporo needs to be more transparent on real estate sales, board candidate says

17 Mar 2025

TOKYO (Reuters) – Beer manufacturer Sapporo Holdings Ltd needs to be more transparent about its plans to divest some of its substantial real estate holdings, said a board candidate backed by the Japanese company’s largest shareholder. Paul Brough, a former independent director at Toshiba and nominee of Singapore-based 3D Investment Partners, said Sapporo has strong …

Japan’s Sapporo needs to be more transparent on real estate sales, board candidate says Read More »

Close Bitnami banner
Bitnami