Reuters Asia Business

SHANGHAI (Reuters) – Tesla on Tuesday made a long-awaited update to its autopilot software in China to add a city navigation feature, but the move disappointed Chinese owners who said it fell short of Elon Musk’s promises.  The U.S. electric vehicle maker, in a notification on its app, said capabilities will include automatic lane-changing depending …

Tesla updates autopilot software in China, owners say move falls short of hopes Read More »

By Michele Pek SINGAPORE (Reuters) – Iron ore futures prices faltered on Tuesday, weighed down by a recovery in iron ore shipments, with increasing levies and legislations on Chinese steel exports putting further pressure on sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed down 2.17% at 813 yuan ($111.97) …

Iron ore declines on recovery in shipments, duties on Chinese steel Read More »

BEIJING (Reuters) – The outlook for China’s property sector has turned gloomier despite expectations of price stabilisation by next year as government measures to boost demand help the fragile recovery, a Reuters poll showed. Home prices were expected to drop at a faster pace this year than previously estimated, with growth resuming in 2026 but …

China’s home prices to drop further, recovery not expected until 2026: Reuters poll Read More »

(Reuters) – China Evergrande Group’s electric vehicle (EV) unit said on Tuesday it agreed to sell its 20% stake in a Sweden-based real estate property lessor for 60 million krona ($5.63 million). The stake sale in AB Trollhättan Propellern 13 will help China Evergrande New Energy Vehicle Group meet its imminent tax payment needs and …

China Evergrande’s EV unit to sell 20% stake in Swedish firm for tax needs Read More »

By Francesco Guarascio HANOI (Reuters) – Vietnam’s goods exports to the United States accounted for 30% of its gross domestic product last year, the highest share among U.S. top trade partners, a Reuters review of public data shows, making the country highly vulnerable to reciprocal tariffs. The Southeast Asian nation experienced a surge in foreign …

Vietnam’s US exports account for 30% of GDP, making it highly vulnerable to tariffs Read More »

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday, steering Asia’s fourth-largest economy from a restrictive monetary policy stance towards a neutral one to support growth. The BOK’s seven-member board unanimously voted to reduce its benchmark …

Bank of Korea cuts rates to bolster growth, lowers GDP forecast Read More »