Reuters Asia Business

We can’t be the losers from unfair competition with China, says German Finance Minister

By Maria Martinez SHANGHAI (Reuters) -German Finance Minister Lars Klingbeil defended free markets during his China trip, but said competition must be fair and if industries are subsidised, the European market must be protected. He spoke about the challenges faced by European steel producers and the European Union’s proposal for new tariffs on imports, including …

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Singapore woos growth firms with plans to make SGX-Nasdaq dual listing easier

By Jun Yuan Yong and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s central bank said on Wednesday it would make it easier for companies to establish dual listings on the Singapore Exchange and the Nasdaq, aiming to boost the city-state’s appeal as a hub for high-growth businesses.  The Monetary Authority of Singapore said it would collaborate with …

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Paris says no to outdoor Christmas events for Shein host BHV

PARIS (Reuters) -The BHV department store in Paris will not be allowed to host outdoor Christmas events this year, unlike in previous years, city authorities said, after they identified violations linked to the opening of Shein’s first-ever physical shop within BHV. Online fast-fashion retailer Shein launched the shop earlier this month, drawing thousands of bargain-hunters …

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Japanese seafood caught up in escalating diplomatic dispute with China

By Kaori Kaneko, Tamiyuki Kihara and Eduardo Baptista TOKYO/BEIJING (Reuters) -China has indicated it will ban all imports of Japanese seafood, two government officials in Tokyo said on Wednesday, in what appears to be the latest salvo in an escalating diplomatic dispute between Asia’s top two economies. Tensions between the two countries ignited after new …

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Hong Kong-listed Link REIT confirms bid for certain Australian shopping centres

(Reuters) -Hong Kong-listed Link REIT confirmed on Wednesday that it had submitted an offer to property giant Lendlease for the acquisition of certain shopping centres in Australia. Lendlease is the entity responsible for the Australian Prime Property Fund Retail, which holds 50% stake each in Sunshine Plaza, Macarthur Square and Lakeside Joondalup across Queensland, New …

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Indian seafood exporters rally after report of China suspending Japanese imports

By Urvi Dugar and Ananta Agarwal (Reuters) -Indian seafood exporters surged as much as 11% on Wednesday following media report that China had notified Japan of plans to suspend imports from the country, a move that could shift demand toward alternative suppliers such as India. Beijing just months ago partially eased restrictions on Japanese seafood. …

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US is biggest recipient of Chinese loans, study shows

HONG KONG (Reuters) -The United States is the biggest recipient of China’s lending activities globally, according to a study which tracked Beijing’s credit activities and found it is increasingly lending to higher-income countries over developing countries.    The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China’s lending …

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Australia expects more allies to sign up to its critical minerals reserve

By Melanie Burton and Peter Hobson MELBOURNE (Reuters) -Australia is seeing more interest in its strategic critical minerals reserve from allies including the European Union since it signed a deal with the United States last month, Australia’s trade minister said on Wednesday. Canberra signed an agreement with Washington in October aimed at countering China’s dominance …

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Japan’s Norinchukin ekes out small profit, flags risks in private credit market

By Anton Bridge TOKYO (Reuters) -Japan’s Norinchukin Bank, hit hard by mammoth losses last year, logged a small profit for a second straight quarter and said that it has begun increasing its investments in securities. But the bank, one of the world’s largest investors in collateralised loan obligations (CLOs), also noted that markets, particularly private …

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West scrambles to fill heavy rare earth gap as China rivalry deepens

By Eric Onstad LONDON (Reuters) -The West’s push to build a home-grown magnets supply chain to reduce its reliance on China – led by massive U.S. backing for Nevada-based MP Materials – is running into a critical problem: the scarcity of so-called heavy rare earth elements. The United States and allies have been scrambling to …

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