Reuters Asia Business

Kazakhstan in talks with oil majors to cut output, energy minister says

10 Mar 2025

By Georgina McCartney HOUSTON (Reuters) -Kazakhstan is in discussions with oil majors to cut output to bring the country’s supply back in line with targets set by the Organization of the Petroleum Exporting Countries and allies (OPEC+), its energy minister Almasadam Satkaliyev said on Monday. “We are in phases of discussions with the majors, we …

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China bonds drop as expectations of imminent rate cuts fade

10 Mar 2025

SHANGHAI (Reuters) – Chinese government bonds fell on Monday and 10-year yields climbed to three-month highs after comments from the central bank governor tempered market bets of imminent interest rate cuts. The most actively traded 10-year benchmark bond yield rose briefly to 1.8%, its highest level since December 12. The benchmark note, which has risen …

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Eli Lilly plans to launch weight-loss drug in emerging markets this year

10 Mar 2025

(Reuters) – Eli Lilly plans to launch its blockbuster diabetes and weight-loss drug in major emerging markets like India, Brazil and Mexico in the second half of 2025 as production capacity increases, its finance chief said on Monday. Global demand for Lilly’s and Danish rival Novo Nordisk’s diabetes and weight-loss drugs has been extraordinary. The …

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China’s DeepSeek resolves issue briefly affecting its AI reasoning model

10 Mar 2025

(Reuters) -China’s DeepSeek said on Monday an issue impacting its advanced R1 artificial intelligence reasoning model was resolved after a brief outage. The outage hit its application programming interface (API) and web chat service. APIs are strings of code that enable standardized communication, exchange of data and functionality between software components. (Reporting by Jaspreet Singh …

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FedEx suspends some shipping services to Saudi Arabia from select countries

10 Mar 2025

(Reuters) -FedEx has suspended economy parcel and freight services to Saudi Arabia from select countries effective immediately, the company said on Monday, without giving a reason for the suspension. FedEx said its priority services remain in place. The parcel-delivery company included Brazil, India, Taiwan, Japan, China and Great Britain on its list of origin countries …

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SGX teams up with Brazil’s B3 to launch real futures in 2025

10 Mar 2025

By Laura Matthews NEW YORK (Reuters) – The Singapore Exchange said on Monday that it was teaming up with Brazilian exchange operator B3 to launch real futures contracts later this year, a move aimed at helping investors manage exposure to the currency during Asia trading. If the Brazilian real futures contracts receive regulatory approval, it …

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Indonesia hands over confiscated palm oil plantations to state firm Agrinas

10 Mar 2025

JAKARTA (Reuters) – Indonesian prosecutors on Monday handed over more than 221,000 hectares (546,000 acres) of illegal palm oil plantations seized as part of an on-going corruption probe to a new state-owned company that will manage them. Indonesia, the world’s biggest producer of palm oil, is working to improve the edible oil’s global public image …

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Foxconn unveils first large language model

10 Mar 2025

TAIPEI (Reuters) – Taiwan’s Foxconn said on Monday it has launched its first large language model and plans to use the technology to improve manufacturing and supply chain management. The model, named “FoxBrain,” was trained using 120 of Nvidia’s H100 GPUs and completed in about four weeks, the world’s largest contract electronics manufacturer said in …

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Singapore Exchange to roll out open-ended bitcoin futures listing, Bloomberg reports

10 Mar 2025

(Reuters) – The Singapore Exchange plans to list bitcoin perpetual futures in the second half of 2025, targeting institutional clients and professional investors, Bloomberg News reported on Monday. The firm thinks its offering will “significantly expand institutional market access”, a spokesperson for firm told Bloomberg. Retail customers would be barred from trading the instruments, the …

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China’s Full Truck Alliance eyes Hong Kong listing, strong 2025 growth, says executive

10 Mar 2025

By Julie Zhu HONG KONG (Reuters) – Full Truck Alliance (FTA), China’s “Uber for trucks”, could revisit plans for a second listing in Hong Kong in the wake of a rebound in investor sentiment and an escalation in Sino-U.S. geopolitical tensions, a company executive said. The company, also known as Manbang in China, had initially …

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