Reuters Asia Business

South Korea plans two new large nuclear reactors, more renewables in energy mix

By Joyce Lee SEOUL (Reuters) – South Korea finalised on Friday a new energy mix plan that envisages the construction of two new large-scale nuclear power plants and one small nuclear power reactor by 2038, the country’s industry ministry said. The plan also aims to secure renewable energy accounting for an average of 7 gigawatts …

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Chinese trading card firm Kayou plans $500 million Hong Kong IPO, sources say

By Kane Wu and Scott Murdoch HONG KONG/SYDNEY (Reuters) – Chinese trading card and collectible toy company Kayou has restarted plans for a Hong Kong initial public offering (IPO) to raise about $500 million, according to two sources with direct knowledge of the matter. The company is planning to lodge its filings with the Hong …

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Analysis-China regulatory easing hopes brighten outlook for offshore equity fundraising

By Kane Wu and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Chinese companies, mainly those in the tech sector, are accelerating plans to raise funds offshore, tapping into a rebound in investor sentiment fueled by hopes of Beijing’s support for private firms and the popularity of DeepSeek, bankers said. In a sign of the pickup in offshore …

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Moody’s cuts Nissan rating to junk status, keeps negative outlook

TOKYO (Reuters) – Moody’s Ratings said on Friday it has downgraded its rating of Nissan Motor’s credit by one notch to junk status, citing a weak and worsening outlook for the Japanese automaker’s credit profile. The credit-rating firm cut Nissan’s senior unsecured rating to Ba1 from Baa3 and maintained its negative outlook. In a report, …

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Japan’s core inflation hits 19-month high, keeping alive BOJ rate-hike bets

By Leika Kihara TOKYO (Reuters) – Japan’s core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing expectations that the central bank will keep raising interest rates from levels still seen as low. Bond yields rose on the data, as markets factor in the chance that …

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Tokyo inflation likely eased in Feb on govt steps amid inflation pressure: Reuters Poll

TOKYO (Reuters) – Consumer inflation in Tokyo likely slowed down in February as the government reinstated steps to ease the burden from energy bills as higher living costs haunt persistent inflation presser, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was seen …

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Chinese bubble tea chain Mixue aims to raise $443 million in Hong Kong IPO

By Scott Murdoch and Sophie Yu (Reuters) – China’s largest bubble tea and drinks firm, Mixue Group, is seeking to raise HK$3.45 billion ($443.66 million) in a Hong Kong initial public offering, a regulatory filing showed on Friday. The company started bookbuilding on Friday for its sale of 17.1 million shares at a fixed price …

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China’s CATL to deepen battery R&D cooperation with Volkswagen

BEIJING (Reuters) – CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components development, the Chinese electric vehicle battery giant said on Friday. In a separate statement on the deal, Volkswagen China vowed to work with CATL to jointly develop “cost-competitive” battery products and explore …

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