Reuters Asia Business

By Mei Mei Chu BEIJING (Reuters) – China raised its annual grain production target on Wednesday to around 700 million metric tons and expanded its agriculture stockpile budget, as it pushed for stronger measures to safeguard food supplies as tensions with trade partners intensify. The world’s largest importer of farm goods brought in more than …

China raises 2025 budget for grain stockpiling, targets higher domestic output Read More »

By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia is discussing with chip companies based in the country whether they can absorb the impact of potential U.S. tariffs on semiconductors, its trade minister said, as it looks to hedge against risks to its export-driven economy.  The Southeast Asian nation is home to a large semiconductor industry, …

Malaysia discussing response to U.S. chip tariffs with companies, minister says Read More »

By Yuka Obayashi TOKYO (Reuters) – A global aluminium producer has sought a premium of $260 per metric ton from Japanese buyers for April-June primary metal shipments, up 14% from the current quarter, two sources directly involved in pricing talks said this week. Japan is a major Asian importer of the metal and the premiums …

Global aluminium producer seeks Q2 premium of $260/T from Japan buyers, sources say Read More »

SINGAPORE (Reuters) – Japan’s Nomura Holdings has appointed Ong Kin Yok as managing director and team head for Malaysia and Singapore of its international wealth management business, according to an internal memo seen by Reuters on Thursday. Ong, who has over 25 years of private banking experience, is joining from HSBC where he was most …

Nomura hires Ong Kin Yok as Malaysia, Singapore MD, team head for international wealth Read More »

BANGKOK (Reuters) – The Thai Chamber of Commerce on Thursday urged action from the government over U.S. trade policy uncertainty and proposed it creates a “war room” to head off any threat of tariffs by the Trump administration. The chamber said its panic over U.S. trade policy was justified and Thailand must urgently review its import …

Thai business group urges action from government amid ‘panic’ over U.S. trade policy  Read More »

(Reuters) – Sales of new passenger cars in Russia plummeted by 24.9% year-on-year in February, marking the first decline in monthly sales since April 2023, Russian analytical agency Autostat said on Thursday. Before February, sales had been growing in year-on-year terms for 22 consecutive months, recovering after a market collapse in 2022 due to the …

Russian monthly car sales fall in February for first time in almost two years Read More »

By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Hillhouse Investment is looking to invest $1 billion to $2 billion annually in Japan and roughly double its headcount in the East Asian country, an executive at the firm told Reuters. The asset manager has around $6 billion in dry powder in its $20.5 billion fifth …

Hillhouse Investment looking to invest up to $2 billion annually in Japan Read More »