Reuters Asia Business

Japan must fix ‘misunderstanding’ it is manipulating yen, says ex-BOJ chief Kuroda

By Leika Kihara TOKYO (Reuters) – Japan must fix “any misunderstanding” held by U.S. President Donald Trump that its central bank was intentionally weakening the yen with monetary policy, former Bank of Japan Governor Haruhiko Kuroda said. Trump said on Monday he had told Japan and China they could not continue to reduce the value …

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US lawmakers press Chinese telecoms over ties to military, government

WASHINGTON (Reuters) – The leaders of a U.S. House of Representatives panel have called on top Chinese telecom companies to detail any links to the Chinese military and government, citing national security concerns posed by the companies’ U.S. presence. Representative Raja Krishnamoorthi, the top Democrat on the House Select Committee on China and the panel’s …

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US to hold hearing on China’s efforts to boost semiconductor industry

By David Shepardson WASHINGTON (Reuters) -The U.S. Trade Representative’s Office will hold a hearing on Tuesday into older Chinese-made “legacy” semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. The probe, which was started under then-President Joe Biden in December, aims …

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US mulling a ban on Chinese app DeepSeek from government devices, source says

WASHINGTON (Reuters) -The Trump administration is weighing a ban on Chinese AI chatbot DeepSeek from U.S. government devices over national-security concerns, a person familiar with the matter said on Friday. U.S. officials are worried about DeepSeek’s handling of user data, which the company says it stores in servers located in China, according to the Wall …

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Cosmo to launch Japan’s first sustainable aviation fuel production in April

By Yuka Obayashi TOKYO (Reuters) – Cosmo Energy Holdings is set to launch Japan’s first domestic production of sustainable aviation fuel in April, a step toward the country’s goal of replacing 10% of jet fuel with a cleaner alternative, though cost-cutting challenges remain. Cosmo, the nation’s third-largest refiner, will produce SAF from used cooking oil …

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Exclusive-US to levy fees on China-linked ships, push allies to do likewise, draft executive order says

By Jonathan Saul LONDON (Reuters) – The United States is planning to charge fees for docking at U.S. ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push allies to act similarly or face retaliation, a draft executive order stated. The administration of U.S. President Donald …

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Couche-Tard executives to visit Tokyo to speak on $47 billion Seven & i bid

(Reuters) -Canada’s Alimentation Couche-Tard said on Friday its top executives will visit Tokyo to speak with media about its $47 billion bid to buy 7-Eleven convenience store operator Seven & i Holdings. Founder Alain Bouchard, CEO Alex Miller and CFO Filipe Da Silva will hold a media briefing from 0200 GMT on March 13. Couche-Tard, …

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Star Entertainment gets lifeline offer of up to $592 million amid cash crunch

By Scott Murdoch and Himanshi Akhand (Reuters) -Star Entertainment said it has received a refinancing proposal with potential to provide debt funding of up A$940 million ($592 million) and an A$250 million bridging facility in a last-ditch effort to shore up the cash-strapped casino group. Australia’s Star has been navigating mounting pressures to avoid voluntary …

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Brazil braces for more Chinese demand, higher food prices amid US trade war

By Roberto Samora and Gabriel Araujo SAO PAULO (Reuters) -U.S. President Donald Trump’s trade war with China will give Brazilian agricultural exporters an opportunity to take an even bigger share of the Chinese market at the expense of American farmers, but it could also fuel already high food inflation in Brazil. China this week retaliated …

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Sri Lanka clinches deal with Japan to restructure $2.5 billion in debt

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on its feet after a severe financial crisis. The agreements will allow the two countries to restart projects, including an …

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