Reuters Asia Business

Italy investigates Stellantis, Tesla, VW and BYD over EV consumer info

21 Feb 2025

(Refiles to remove extraneous attribution in paragraph 9) MILAN (Reuters) – Italy’s competition authority said on Friday it was investigating BYD, Stellantis, Tesla and Volkswagen for allegedly misleading consumers on the performance of their electric vehicles. The investigations for possible unfair commercial practices concern information “on EV driving range, battery capacity degradation and limitations on …

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China tech stocks cap best winning run in five years on earnings surprises, fund rotation

21 Feb 2025

By Jiaxing Li HONG KONG (Reuters) – Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global investors rotating funds into the sector. The Hang Seng Tech Index closed up 6.5%, its best single-day gain …

China tech stocks cap best winning run in five years on earnings surprises, fund rotation Read More »

Vietnam decides to impose temporary anti-dumping tariff on China steel products

21 Feb 2025

HANOI (Reuters) – Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some hot-rolled coil steel products originating from China, the trade ministry said on Friday. The tariff is expected to take effect from March 7 and will be in place for 120 days, the ministry said in a statement seen by …

Vietnam decides to impose temporary anti-dumping tariff on China steel products Read More »

Indian refiners cancel palm oil orders due to price surge

21 Feb 2025

By Rajendra Jadhav MUMBAI (Reuters) – Indian refiners have cancelled orders for 100,000 metric tons of crude palm oil (CPO) scheduled for delivery between March and June, because of a surge in benchmark Malaysian prices and negative refining margins in India, four trade sources said. Refiners in the world’s largest importer of palm oil cancelled …

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Eneos, Mitsubishi to move ahead with sustainable aviation fuel project at Japan’s Wakayama

21 Feb 2025

TOKYO (Reuters) – Japan’s biggest refiner, Eneos Corp, and trading house Mitsubishi Corp said on Friday they would move forward with front-end engineering design (FEED) for sustainable aviation fuel (SAF) production at the Wakayama plant. The plant is expected to produce about 300,000 metric tons (400,000 kilolitres) of SAF annually, along with some naphtha and …

Eneos, Mitsubishi to move ahead with sustainable aviation fuel project at Japan’s Wakayama Read More »

Chinese and European shares rise, data, politics and geopolitics all in focus

21 Feb 2025

By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – European shares rose on Friday, following peers in Asia, which hit a three-month high on AI optimism, though gains were tempered by uncertainty over developments in Ukraine and the upcoming German elections. Europe’s broad Stoxx 600 nudged up 0.2%, reversing two days of declines and pushing …

Chinese and European shares rise, data, politics and geopolitics all in focus Read More »

DeepSeek to share some AI model code, doubling down on open source

21 Feb 2025

BEIJING (Reuters) – Chinese startup DeepSeek will make its models’ code publicly available, it said on Friday, doubling down on its commitment to open-source artificial intelligence. The company said in a post on social media platform X that it will open source 5 code repositories next week, describing the move as “small but sincere progress” …

DeepSeek to share some AI model code, doubling down on open source Read More »

Thai rice farmers demand better support as prices plummet

21 Feb 2025

By Kitiphong Thaichareon and Thanadech Staporncharnchai BANGKOK (Reuters) – Thai government measures to support rice farmers have failed to meet expectations, with some growers in the world’s second-largest rice exporting country vowing protests as they are squeezed between falling prices and rising cultivation costs. Paddy prices have dropped by 30% year-on-year to an average of …

Thai rice farmers demand better support as prices plummet Read More »

China export curbs push European bismuth prices to highest since 2008

21 Feb 2025

By Anushree Mukherjee and Ashitha Shivaprasad (Reuters) – Bismuth prices in Europe have soared to their highest in nearly 17 years after China’s plan to impose export curbs raised fears of curtailed supply for the metal used in medication, cosmetics and atomic research. Earlier this month, China said it would implement export controls on five …

China export curbs push European bismuth prices to highest since 2008 Read More »

Marine fuel supplier Chimbusco delivers largest marine biofuel bunker stem in Hong Kong

21 Feb 2025

SINGAPORE (Reuters) – Marine fuel supplier Chimbusco Pan Nation said on Friday that it has delivered its largest marine biofuel stem in Hong Kong to date, also marking the biggest volume recorded in a single delivery at Chinese ports. Recent marine biofuel stem sizes range from 300 to 3,000 metric tons, though stems can be …

Marine fuel supplier Chimbusco delivers largest marine biofuel bunker stem in Hong Kong Read More »

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