Reuters Asia Business

By Rishika Sadam, Kashish Tandon and Bhanvi Satija HYDERABAD (Reuters) – India’s contract drug makers have urged the government to remove regulatory hurdles and grant faster clearance to vital raw material imports at a time when many global pharmaceutical firms are counting on the nation to reduce their reliance on China. India’s Contract Research Development …

India’s contract drug makers seek government support in China fight Read More »

By Sumeet Chatterjee and Scott Murdoch HONG KONG (Reuters) – Hong Kong’s bourse operator reported a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic activity would help its prospects. Recent years have seen the exchange’s performance …

Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge Read More »

BEIJING (Reuters) – China urged the United States on Thursday to halt an investigation into potential new tariffs on copper imports to rebuild U.S. production of the critical metal, vowing to retaliate if Chinese entities got caught up in the levies. President Donald Trump’s decision to direct the Commerce Department to start a new national …

China urges US to halt tariff probe into copper imports Read More »

By Summer Zhen and Jiaxing Li HONG KONG (Reuters) – Some large hedge funds and investors are accumulating long-shunned China property stocks at low prices, anticipating lucrative returns when the sector recovers from its prolonged crisis. Investors said recent positive signs, from improving home prices in top cities to industry leader China Vanke’s recapitalization plan, …

Hedge funds bet on turnaround in unloved China property sector Read More »

By Amy Lv, Phuong Nguyen and Lewis Jackson BEIJING/HANOI (Reuters) – New U.S. steel tariffs are set to disrupt a multi-billion dollar supply chain moving steel from China to the United States via third countries, ratcheting up competition in the global market and undercutting a vital source of sales for China’s struggling steel sector. Since …

Analysis-Trump’s steel tariffs imperil China’s steel transshipment trade Read More »

TOKYO (Reuters) – Japan Post Holdings plans to sell its shares in Japan Post Bank in a secondary share sale worth as much as 630 billion yen ($4.22 billion), a regulatory filing showed on Thursday. The sale, first reported by Reuters on Wednesday, comes as corporate governance reforms are accelerating in Japan with “parent-child” listings, …

Japan Post Bank to conduct secondary share offering of up to $4.22 billion Read More »

By Jeanny Kao TAIPEI (Reuters) – Taiwan Economy Minister Kuo Jyh-huei said on Thursday that chipmaker TSMC would need government permission for any overseas joint ventures, but there are no restrictions on making the most advanced chips overseas other than for China. U.S. media have said Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker …

TSMC needs government permission for overseas joint ventures, Taiwan minister says Read More »