Reuters Asia Business

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -Ukraine’s acceptance of a U.S. proposal for a ceasefire with Russia briefly pushed the euro to a five-month high while equities fell in Tuesday’s choppy session as investors worried about a lack of clarity on tariffs. The euro added to earlier gains and European stock futures …

Euro rises with Ukraine optimism while stocks fall on tariff uncertainty Read More »

(Reuters) -Uber has terminated its $950 million bid for Delivery Hero’s Foodpanda business in Taiwan, the food delivery company said on Tuesday, owing to regulatory hurdles. Taiwan had in December blocked the deal on anti-competitive concerns. Its Fair Trade Commission argued the buyout of Uber’s main rival, Foodpanda, would increase the combined market share to …

Uber ends Foodpanda Taiwan acquisition after regulatory hurdles Read More »

BEIJING (Reuters) -China’s Manus AI announced on Tuesday a strategic partnership with the team behind tech giant Alibaba’s Qwen AI models, a move that could bolster the artificial intelligence start-up’s roll-out of what it called the world’s first general AI agent. Unlike a chatbot, an AI agent can operate as a digital employee, executing tasks …

China’s Manus AI partners with Alibaba’s Qwen team in expansion bid Read More »

By Anton Bridge and Abigail Summerville TOKYO (Reuters) -Canada’s Alimentation Couche-Tard on Tuesday said it is confident there is a “clear path” to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan’s Seven & i, and expressed frustration at the 7-Eleven owner’s “limited engagement.” The Circle-K owner has been pursuing Seven & …

Couche-Tard rejects Seven & i’s antitrust concerns over $47 billion takeover bid Read More »

By Mei Mei Chu and Ella Cao BEIJING (Reuters) – Zhengzhou Exchange on Tuesday raised the trading margin requirements for some rapeseed meal futures contracts to 9% from 7% after Beijing’s 100% tariff on Canadian imports triggered a two-day rally that pushed prices to a five-month high. The most active rapeseed meal futures contract surged …

China tightens trade rules as Canadian tariffs spark price volatility Read More »

JAKARTA (Reuters) – Indonesian Mining Association on Tuesday urged the government to reconsider a plan to hike royalty rates for mining products as miners are already struggling with rising operational costs and tight cash flow. Indonesia is considering raising royalties paid by mining companies from commodities like coal, nickel, copper, gold and tin, a proposal …

Indonesian miners group urges government to reconsider royalty hike plan Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan said it will increase scrutiny into how lenders are estimating the impact of rising interest rates on their profits in next fiscal year’s on-site inspections, as some were found not adequately grasping the risk of deposit outflows. After ending a decade-long, massive stimulus last year, …

BOJ to beef up scrutiny on impact of rising rates on banks, deposits Read More »

JAKARTA (Reuters) -Indonesia’s investment minister said that Vietnamese electric vehicle maker VinFast planned to install as many as 100,000 charging stations across the country, after President Prabowo Subianto met company representatives on Tuesday. Minister Rosan Roeslani also said VinFast’s factory in West Java province would start operations next year, with a production capacity of 50,000 …

VinFast plans to install EV charging stations across Indonesia, minister says Read More »