Reuters Asia Business

Iron ore dips on Chinese export woes, but resilient demand limits losses

27 Feb 2025

By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient in top consumer China cushioned the downward trend.     The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.8% lower at 805 …

Iron ore dips on Chinese export woes, but resilient demand limits losses Read More »

Eni, Petronas to combine upstream assets in Indonesia, Malaysia

27 Feb 2025

MILAN (Reuters) – Eni and Malaysia’s state energy firm Petroliam Nasional Bhd (Petronas) signed a memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia, the Italian energy group said on Thursday.  The new company will combine around 3 billion barrels of oil equivalent (BoE) of reserves with …

Eni, Petronas to combine upstream assets in Indonesia, Malaysia Read More »

China’s Baidu to launch upgraded AI Ernie model in mid-March, source says

27 Feb 2025

BEIJING (Reuters) – China’s Baidu will launch the next generation of its artificial intelligence model Ernie in mid-March, which will see improved capabilities in areas such as reasoning, a source with direct knowledge of the matter said.  The upgraded 4.5 Ernie model will also feature enhanced multimodal capabilities, the source said. Multimodal AI systems are …

China’s Baidu to launch upgraded AI Ernie model in mid-March, source says Read More »

Nissan to announce streamlining of executive line-up on March 12, sources say

27 Feb 2025

TOKYO (Reuters) – Nissan Motor is expected to announce a planned streamlining of its executive line-up on March 12, according to three people familiar with the matter. The struggling Japanese automaker is not currently expected to announce the resignation of Chief Executive Office Makoto Uchida as part of that reshuffle of its executive line-up, the …

Nissan to announce streamlining of executive line-up on March 12, sources say Read More »

Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended

27 Feb 2025

By Khanh Vu HANOI (Reuters) – Vietnam’s Long Son Petrochemicals, a unit of Thailand’s SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins. “LSP is actively collaborating with relevant Vietnamese government agencies to expedite the proposal for …

Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended Read More »

China curbs US stock listings for homegrown companies, Financial Times reports

27 Feb 2025

(Reuters) – China’s securities regulator has clamped down on small homegrown companies listing on U.S. stock exchanges after many of them became vehicles for price-rigging, causing heavy losses for U.S. investors, the Financial Times reported on Thursday. The China Securities Regulatory Commission said it intends to impose “tighter control” over U.S. listings of Chinese companies …

China curbs US stock listings for homegrown companies, Financial Times reports Read More »

China steps up scrutiny of capital flows as yuan depreciates

27 Feb 2025

SHANGHAI (Reuters) – Chinese authorities are rolling out fresh measures to limit capital flight, including increased scrutiny of overseas investments, as the yuan currency comes under mounting pressure. President Donald Trump’s tariffs threats are heightening Sino-U.S. tensions and discouraging inbound foreign investment. The yuan has lost 2.2% to the dollar since Trump’s election win in …

China steps up scrutiny of capital flows as yuan depreciates Read More »

China’s DeepSeek frenzy enters the home as TV, vacuum cleaner makers adopt its AI models

27 Feb 2025

BEIJING (Reuters) – China’s joyful embrace of DeepSeek has gone one step deeper – extending to TVs, fridges and robot vacuum cleaners with a slew of home appliance brands announcing that their products will feature the startup’s artificial intelligence models. Hangzhou-based DeepSeek’s large language models upended the AI sector this year, rivalling Western systems in …

China’s DeepSeek frenzy enters the home as TV, vacuum cleaner makers adopt its AI models Read More »

Indonesian prosecutors arrest two more Pertamina unit executives

27 Feb 2025

JAKARTA (Reuters) – Indonesia’s Attorney General’s Office arrested two executives at a unit of state energy firm Pertamina on charges of alleged corruption related to fuel quality, following other arrests earlier this week in a case officials say has cost the state $12 billion. Prosecutors arrested Maya Kusmaya, a marketing director, and Edward Corne, VP …

Indonesian prosecutors arrest two more Pertamina unit executives Read More »

Close Bitnami banner
Bitnami