Reuters Asia Business

By Wen-Yee Lee and Yimou Lee TAIPEI (Reuters) – Taiwan’s Foxconn,the world’s largest contract electronics maker, said on Friday that solid demand from its tech clients would drive strong revenue growth in the first quarter. The upbeat forecast contrasts with a cautious note struck by many other businesses, rattled by U.S. President Donald Trump’s tumultuous …

Electronics giant Foxconn forecasts strong Q1 revenue after profit miss Read More »

BEIJING (Reuters) -CATL reported 15% growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China’s electric vehicle market put pressure on the Chinese EV battery giant. Net profit rose 15% to 50.7 billion yuan ($7.01 billion), according to a stock filing on Friday, versus the company’s forecast …

China’s CATL sees slowest profit growth in six years Read More »

By Ankur Banerjee, Summer Zhen SINGAPORE/HONG KONG (Reuters) -As U.S. President Donald Trump’s wide-ranging trade war rouses fears of recession, global investors have found an unlikely new sanctuary: Chinese equities. Hong Kong’s benchmark Hang Seng Index – where many major Chinese companies are listed – is up 17% since Trump entered the White House in …

Analysis-Donald Trump makes Chinese stocks (somewhat) great again Read More »

BANGKOK (Reuters) – Thailand’s household debt and non-performing loans have stabilised after economic growth gained pace towards the end of last year, its finance minister said on Friday, pledging more measures to help boost credit access.     Thailand’s had a household debt-to-GDP ratio of 89.6% at the end of June last year, amounting to 16.3 …

Thai household debt stablising, measures planned to ease credit, minister says Read More »

By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Vietnam escalated a charm offensive with the United States on Friday as it announced provisional deals for the import of U.S. energy products and a possible cut in duties on U.S. goods, as it tries to avoid tariffs from the Trump administration. The moves, reported by the …

Amid tariff risks, Vietnam signs energy deals with US, reviews duties to boost US imports Read More »

By Ella Cao and Mei Mei Chu BEIJING (Reuters) -China is likely to face a supply shortage of rapeseed meal by the third quarter of this year as Beijing’s tariffs on shipments from top exporter Canada disrupt trade and as alternative sources are unlikely to make up the deficit. Rapeseed meal futures traded on the …

China set for rapeseed meal shortage after 100% duty on top supplier Canada Read More »

By Francesco Guarascio HANOI (Reuters) – Top U.S. tech, defence and energy companies including Boeing and Apple will join a large business mission to Vietnam next week, a list of participants seen by Reuters shows, in a possible sign of confidence as the Southeast Asian country seeks to avoid U.S. trade tariffs. The annual mission …

Boeing, Apple, GE to join US business mission to Vietnam next week, list shows Read More »

By Makiko Yamazaki and Tom Bateman TOKYO (Reuters) -Japanese firms agreed to raise wages by more than 5% on average this year, on course for their most substantial pay hike in over three decades – a relief for many workers though it’s unclear if the increases will lead to a meaningful jump in consumer spending. …

Japan firms agree to biggest pay hike in 34 years, but will it boost consumer spending? Read More »