Reuters Asia Business

By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) -A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning point for investor capital away from the United States. China unlocked more stimulus on Wednesday and …

Analysis-Investors spy the dawn of a tectonic shift away from US markets Read More »

By Kalea Hall The United Auto Workers said on Wednesday that workers at a battery manufacturing joint venture between General Motors and South Korea’s LG Energy Solution have overwhelmingly approved a first contract with the company.  The agreement, approved by nearly 1,000 UAW members working for the Ultium Cells joint venture, improves upon gains achieved …

GM-LG Tennessee battery plant workers approve first union contract with company Read More »

(Reuters) -Walmart has asked some Chinese suppliers for major price cuts, with the U.S. retail giant’s efforts to shift the burden of President Donald Trump’s tariffs facing strong push back from firms in the Asian nation, Bloomberg News reported on Thursday. Certain suppliers, including makers of kitchenware and clothing, have been asked to lower their …

Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports Read More »

By Ritsuko Shimizu and Rocky Swift TOKYO (Reuters) -Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery. After a tumultous six months that began …

Japan’s Seven & i announces restructuring, new CEO to fend off $47 billion takeover bid Read More »

BARCELONA (Reuters) – Chinese artificial intelligence firm iFlyTek is planning to expand its European business as trade tensions rise between the United States and China, Vice President Vincent Zhan said. “The U.S. and China trade war has some impact for us,” Zhan said in an interview on the sidelines of the Mobile World Congress in …

Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats up Read More »

By Sophie Yu and Deborah Mary Sophia (Reuters) -Chinese e-commerce giant JD.com posted its strongest revenue growth in 11 quarters on Thursday, as deep discounts and government subsidies encouraged customers to spend more, driving up strong year-end sales. U.S.-listed shares of JD.com rose more than 5% in early trading, after the company exceeded market expectations …

China’s JD.com tops revenue estimate on robust demand, government stimulus lift Read More »

By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union umbrella group is seeing its member unions demand the biggest salary increase in over 30 years as both the government and central bank look for signs of sustainable wage growth to drive the economy. Rengo, which has about 7 million members, said on …

Japan’s largest union group sees biggest wage hike demand in over 30 years Read More »

By Adriana Barrera and Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said. Trump this week implemented 25% tariffs on …

After Trump’s tariffs, Mexico seeks Asian and European crude oil buyers Read More »

By Greg Torode, Jonathan Saul HONG KONG/LONDON (Reuters) -Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so. Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit …

Shipping firms pull back from Hong Kong to skirt US-China risks Read More »