Reuters Asia Business

By John Geddie, Tim Kelly and David Brunnstrom TOKYO/WASHINGTON (Reuters) -When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realise a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia. Trump and his energy tsar Doug …

Trump seeks to reshape Asia’s energy supplies with US gas Read More »

TOKYO (Reuters) – Tokyo Gas, Japan’s biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka Gas for $130 million under an asset portfolio review to improve efficiency, it said on Friday. The move will leave it to focus on its U.S. unit, TG …

Tokyo Gas to sell US shale gas stake to Shizuoka Gas for $130 million Read More »

BEIJING (Reuters) – Chinese automaker SAIC Motor said on Friday it would partner with tech company Huawei to develop new “globally competitive” smart electric vehicles. The tie-up sees yet another state-owned automaker betting on partnerships with Huawei, which has risen to prominence as a supplier of smart driving technologies, to boost EV sales. “The strategic …

China’s SAIC, Huawei to partner in developing new smart EVs Read More »

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, while hearing He’s concerns about President Donald Trump’s new tariffs, the two governments said. The top economic officials from the world’s …

Treasury’s Bessent, China’s He trade economic complaints in call Read More »

(Reuters) – Thames Water has received a preliminary 7 billion pound ($8.86 billion) bid from Hong Kong’s CK Infrastructure for a majority stake, the Financial Times reported on Friday, citing people familiar with the matter. CK Infrastructure indicated that it would require bondholders of the UK’s biggest water supplier to take significant haircuts when it …

Thames Water gets $9 billion bid from CK Infrastructure, FT reports Read More »

(Reuters) -Hong Kong-based property developer New World Development said on Friday it expects to swing to a loss of up to HK$6.80 billion ($875.07 million) for the first half of fiscal 2025 on lower expected realizable prices for its properties. China’s property sector has been battling declining demand, with official data on Wednesday indicating that …

New World Development flags up to $875 million interim loss amid China’s property woes Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks. The statement offers more details on measures Singapore’s equities market review group announced on February 13 …

Singapore rolls out tax rebates, $3.7 billion program to boost stock market Read More »