Reuters Asia Business

By Lisa Barrington SEOUL (Reuters) -South Korea tightened rules on carrying lithium batteries on planes from Saturday, highlighting a growing risk to flights worldwide from the batteries used in cellphones and e-cigarettes which can malfunction to produce smoke, fire or extreme heat. Last year three incidents a fortnight of overheating lithium batteries on planes were …

SKorea’s new lithium battery rules on planes highlight growing risk for aviation Read More »

By Jihoon Lee SEOUL (Reuters) -South Korea’s exports barely grew in February, missing market expectations, with demand in key markets hurt amid a global trade war triggered by U.S. President Donald Trump’s tariffs. Outbound shipments from Asia’s fourth-largest economy stood at $52.60 billion, up 1.0% from a year earlier, preliminary trade data showed on Saturday, …

South Korea exports barely grow in February as Trump’s tariffs weigh Read More »

BEIJING (Reuters) – Two coal industry groups in China, the world’s largest producer and consumer of the fuel, called on their members on Friday to curb output and limit imports to try to bring the oversupplied market back into balance. The China Coal Industry Association and China Coal Transportation and Distribution Association spoke out in …

China coal bodies propose curbs on output and imports Read More »

By Clare Jim HONG KONG (Reuters) -New World Development, one of the biggest property developers in Hong Kong, reported an interim net loss of HK$6.63 billion ($852.45 million) on Friday, following a prolonged property downturn and high interest costs. CEO Echo Huang, who has led the company since November, said she would increase cashflow and …

New World Development says will raise cash, cut debt after first-half loss Read More »

By Joe Cash BEIJING (Reuters) -British Energy Secretary Ed Miliband will visit China in March to restart talks on energy cooperation and meet Chinese investors, three sources with direct knowledge of the plan said, as the Labour government seeks closer China ties amid worsening U.S.- and EU-China relations. The sources, who were not authorised to …

Exclusive-British energy secretary to visit China in March to restart energy talks, sources say Read More »