Reuters Asia Business

Analysis-U.S aid freeze risks handing influence to China in Beijing’s backyard

11 Feb 2025

After U.S. President Donald Trump’s administration froze donations in January to Cambodia’s largest demining organization, which works to clear the countryside of deadly remnants of Washington’s past wars in Southeast Asia, the group announced new funding – from China.  Beijing has doubled its contributions over the past three years to the Cambodian Mine Action Centre …

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Quotes from US Vice President JD Vance’s AI speech in Paris

11 Feb 2025

PARIS (Reuters) – U.S. Vice President JD Vance outlined on Tuesday the artificial intelligence policies of President Donald Trump’s administration, prioritising innovation, de-regulation, protection of free speech and U.S. workers in what he likened to the dawn of a new industrial revolution. Below are some of the key quotes from Vance’s first major international speech …

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China’s JD.com moves into food delivery, starts recruiting restaurants

11 Feb 2025

BEIJING (Reuters) – China’s e-commerce giant JD.com is venturing into the country’s highly competitive food delivery business, announcing on Tuesday that it will register catering merchants on its courier system. The company posted on its official Weixin account, inviting merchants: “Join us now, zero commissions all year round!” Catering merchants who register with JD Takeaway …

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BP plans six new gas wells to sustain output from Azeri Caspian Sea field

11 Feb 2025

By Nailia Bagirova and Olesya Astakhova BAKU (Reuters) – BP plans to add six new wells to its operation in Azerbaijan’s Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters. BP currently operates 21 gas wells in Shah …

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China bubble tea firm Mixue targets $500 million in February Hong Kong IPO, sources say

11 Feb 2025

By Scott Murdoch and Julie Zhu SYDNEY/HONG KONG (Reuters) – China’s largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about $500 million, according to three sources with direct knowledge of the matter. Mixue plans to start trading on the Hong …

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Thai PM orders study on impact of US trade policy on exports

11 Feb 2025

BANGKOK (Reuters) – Thailand’s Prime Minister Paetongtarn Shinawatra has ordered a study on the potential impact of U.S. trade policy on Thai exports, an official said on Tuesday, underlining concerns that its trade surplus with Washington could become an issue.   Thailand had a surplus last year of $35.4 billion with the United States, according to …

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China’s CATL restarts lithium mine, refinery in Jiangxi province

11 Feb 2025

By Violet Li and Mei Mei Chu BEIJING (Reuters) – Chinese battery giant CATL has reopened its lithium lepidolite mine and refinery in Jiangxi province, a spokesperson for its refinery joint venture partner Lopal Tech said on Tuesday. The resumption of operations is largely due to CATL’s success bringing down production costs at both facilities, …

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Factbox-Where does the US get its steel and aluminum from?

11 Feb 2025

(Reuters) -U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions” in a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war. Here’s a summary of the major trade partners it …

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Thailand approves support measures for non-bank debtors

11 Feb 2025

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved support for non-bank debtors, a deputy finance minister said, as the government tries to tackle stubbornly high household debt that has been a drag on the economy. The cabinet also approved soft loans worth 50 billion baht ($1.47 billion) for non-banks for three years to help debtors, …

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China tops hedge funds’ shopping lists so far this year, Goldman says

11 Feb 2025

By Summer Zhen HONG KONG (Reuters) – Global hedge funds have been snapping up Chinese stocks for much of this year, with their buying accelerating in the past week as the emergence of homegrown artificial intelligence startup DeepSeek fueled investor enthusiasm, Goldman Sachs said in a note. Onshore and offshore Chinese equities combined are by …

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