Reuters Asia Business

Chinese competition regulator holds talks with Alibaba, Mercedes-Benz

26 Feb 2025

BEIJING (Reuters) – China’s market regulator held a symposium on fair competition with executives from seven companies, including Alibaba and LONGi Green Energy, the State Administration for Market Regulation (SAMR) said on Wednesday in a statement. The executives at the symposium on Tuesday discussed the market environment, competition, and difficulties they face, and put forward …

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Caspian pipeline oil exports on schedule, Kazakhstan says

26 Feb 2025

ASTANA (Reuters) – Kazakhstan’s oil exports are on schedule via its main oil export route, the Caspian Pipeline Consortium (CPC), the country’s energy minister said on Wednesday, despite damage to a pumping station from a drone attack last week. The Kropotkinskaya pumping station in Russia’s southern Krasnodar region was hit by a Ukrainian drone attack …

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IMF team to visit Pakistan next week with $7 billion bailout review due

26 Feb 2025

ISLAMABAD (Reuters) – A mission from the International Monetary Fund (IMF) will arrive in Pakistan next week, finance minister Muhammad Aurangzeb said on Wednesday, with a first review of a $7 billion bailout programme due in March. Islamabad secured the $7 billion Extended Fund Facility (EFF) last summer as part of an economic recovery plan. …

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World Bank unit and other lenders criticise Pakistan’s energy negotiations

26 Feb 2025

By Ariba Shahid Karachi (Reuters) – Pakistan’s unilateral renegotiation of clean power contracts will undermine investor confidence and be detrimental to the long-term future of the sector, a group of eight development finance institutions said. Pakistan said last year it was renegotiating contracts with independent power producers to rein in “unsustainable” electricity tariffs.  The World …

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Fitch cuts Nissan rating to junk status, following Moody’s downgrade

26 Feb 2025

TOKYO (Reuters) – Fitch Ratings said on Wednesday it has downgraded Nissan Motor’s rating to junk-status BB+ from BBB-, referring to the Japanese automaker’s “persistently low profitability, with a delayed recovery trajectory against our expectations”. Fitch also maintained a negative outlook for Nissan credit. The move came after Moody’s Ratings last week also cut its …

Fitch cuts Nissan rating to junk status, following Moody’s downgrade Read More »

DeepSeek cuts off-peak pricing for developers by up to 75%

26 Feb 2025

BEIJING (Reuters) – Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices. DeepSeek’s low-cost AI models triggered a major sell-off in global equity …

DeepSeek cuts off-peak pricing for developers by up to 75% Read More »

Hong Kong to launch scheme to facilitate tech listing applications

26 Feb 2025

By Selena Li HONG KONG (Reuters) -Hong Kong will launch a scheme to facilitate listings of tech companies on the stock exchange, the latest move to boost the appeal of the fundraising hub amid growing appetite among Chinese companies to raise funds offshore. Hong Kong Stock Exchange (HKEX) will establish a dedicated “technology enterprises channel”, …

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Philippines expects gambling revenues to jump again in 2025 after hitting record last year

26 Feb 2025

MANILA (Reuters) – Revenue for the Philippine gambling industry could climb another 17% in 2025 on expected growth in electronic gaming and for integrated resorts, the country’s gaming regulator chief said on Wednesday, after surging to a record last year. Gross gaming revenues could range between 450 billion Philippine pesos and 480 billion Philippine pesos …

Philippines expects gambling revenues to jump again in 2025 after hitting record last year Read More »

Taiwan slightly cuts 2025 GDP growth outlook amid Trump tariffs concern

26 Feb 2025

By Faith Hung and Jeanny Kao TAIPEI (Reuters) – Taiwan’s trade-reliant economy is expected to grow at a slower pace in 2025 than previously forecast, with the threat of turbulence from tariffs that may be imposed by the United States, as well as parliament-imposed budget cuts. Taiwan is a key link in the global technology …

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Porsche names new CFO and sales chief in bid to revive performance

26 Feb 2025

FRANKFURT (Reuters) – Luxury carmaker Porsche replaced its CFO and head of sales on Wednesday with two company veterans as it reshuffles its board in the hopes of reviving flagging performance and a weak share price. The company announced late on Tuesday that Jochen Breckner, at Porsche for 25 years and head of corporate development …

Porsche names new CFO and sales chief in bid to revive performance Read More »

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