Reuters Asia Business

China’s January total gold imports via Hong Kong hits near three-year low

25 Feb 2025

(Reuters) – China’s total gold imports via Hong Kong in January fell 44.8% from December to their lowest since April 2022, Hong Kong Census and Statistics Department data showed on Tuesday. WHY IT’S IMPORTANT China is the world’s leading consumer of gold, and its purchasing activities can significantly influence global gold prices. The Hong Kong …

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Trump team seeks to toughen chip controls over China, Bloomberg News reports

25 Feb 2025

(Reuters) – The Trump administration is planning to toughen semiconductor restrictions on China, continuing and expanding the Biden administration’s efforts to limit Beijing’s technological prowess, Bloomberg News reported on Monday. U.S. officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron and ASML engineers from maintaining semiconductor gear in China, the report …

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Japanese auto industry seeks government help against US tariffs

25 Feb 2025

TOKYO (Reuters) – Japan’s automobile industry association urged the government on Tuesday to try to shield Japanese automakers from tariffs that the United States may impose on imports of autos and parts. The Japan Automobile Manufacturers’ Association is worried about damage to the economies of both countries if U.S. President Donald Trump’s administration proceeds with …

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Chinese electric automaker BYD will launch compact SUV in France at 28,990 euros

25 Feb 2025

PARIS (Reuters) – BYD will launch its new electric compact SUV in France at a starting price of 28,990 euros ($30,358), said the director of BYD’s sales network in France. The car, named Atto 2, is the group’s most accessible SUV yet and will add a competitive product on the European B SUV segment. It …

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Taiwan chip maker Vanguard says Trump’s threatened tariffs could fuel inflation

25 Feb 2025

By Wen-Yee Lee TAIPEI (Reuters) – Taiwanese chip maker Vanguard International Semiconductor warned on Tuesday that U.S. tariffs on imported chips could spur inflation and impact global economic growth, but said it expects the direct impact on the company would be small. U.S. President Donald Trump said last week that he intends to impose auto …

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Japan PM’s camp yields to opposition over rare budget revisions

25 Feb 2025

By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba’s party and a coalition partner agreed with a key opposition party on Tuesday to revise the $770-billion annual budget bill, in a rare move to ensure it passes before the start of the new fiscal year in April. The deal clears …

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China raises scrutiny of outflows via Hong Kong listings, Bloomberg News reports

25 Feb 2025

(Reuters) – China is increasing its scrutiny of overseas investments by domestic companies and their use of proceeds from Hong Kong share sales, after record capital outflows put pressure on the yuan, Bloomberg News reported on Tuesday. China’s yuan has weakened recently against the dollar, pressured by renewed investor worries over tensions between the world’s …

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Hong Kong high court pulls winding-up petition against Shimao

25 Feb 2025

(Reuters) – The Hong Kong High Court has ordered the withdrawal of the winding-up petition against Chinese property company Shimao Group filed by CPYM Link Investment, Shimao said on Tuesday. CPYM Link filed its petition against Shimao on January 10 in relation to a cross-border loan guarantee of 258 million yuan ($35.5 million) issued by …

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Malaysia’s Petronas posts profit drop in 2024 amid global volatility, lower oil prices 

25 Feb 2025

KUALA LUMPUR (Reuters) – Malaysia’s state energy firm Petroliam Nasional Bhd reported on Tuesday a drop in profit in 2024 compared to a year ago, amid global volatility and lower oil prices from geopolitical tension and economic uncertainty, while flagging market challenges ahead.    Petroliam Nasional, or Petronas, reported a profit after tax of 55.1 …

Malaysia’s Petronas posts profit drop in 2024 amid global volatility, lower oil prices  Read More »

Thai firms suffer $60 million loss, risk shutdown from China’s ban on sugar syrup

25 Feb 2025

By Panarat Thepgumpanat BANGKOK (Reuters) – Thai firms grappling with losses of about $60 million from China’s ban on sugar syrup face shutdowns as soon as next month, an industry body said, while negotiations by officials of the Southeast Asian nation to lift the measure yielded no fruit. Concerns about factory hygiene prompted China to …

Thai firms suffer $60 million loss, risk shutdown from China’s ban on sugar syrup Read More »

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