Reuters Asia Business

LONDON (Reuters) – U.S. President Donald Trump’s ability to swiftly impose, and then delay, tariffs on top trading partners has left world markets swinging one way and then another. Last weekend, for example, he announced sweeping tariffs on Canada, Mexico and China, and then on Monday he announced one-month delays for Canada and Mexico. These …

The markets left reeling from Trump’s tariff threats Read More »

(Reuters) – Global equity funds saw their second weekly outflow in seven weeks by February 5, as investors became more cautious following U.S. President Donald Trump’s announcement of steep tariffs on Mexico, Canada, and China. However, the selling pressure eased after Trump postponed the tariffs on Canada and Mexico. Investors sold a net $3.86 billion …

Global equity funds face outflows as Trump’s tariff threat fuels caution Read More »

TAIPEI (Reuters) – The chief executive of Taiwan’s top chip design company MediaTek said on Friday that the company has been running simulations for possible U.S. tariffs on the island, but thinks for this year it would be “manageable”. Tech firms in Taiwan, home to the world’s largest contract chipmaker TSMC, face the possibility U.S. …

Top Taiwan chip designer MediaTek running simulations for possible US tariffs Read More »

BEIJING (Reuters) – U.S. automaker Tesla’s sales of China-made electric vehicles fell 11.5% to 63,238 units in January from a year earlier, data from the China Passenger Car Association showed on Friday. Deliveries of China-made Model 3 and Model Y vehicles were down 32.6% from December. Chinese rival BYD, with its Dynasty and Ocean series …

Tesla’s China-made EV sales fall 11.5% y/y in January Read More »

PARIS (Reuters) – L’Oreal has taken stakes in clinics in China and North America in order to observe and understand the medical aesthetics market, L’Oreal CEO Nicolas Hieronimus said in an earnings call on Friday. The company had announced in August the acquisition of a 10% stake in Swiss skin care firm Galderma. Hieronimus added …

L’Oreal takes stakes in Chinese, N.American clinics to understand medical aesthetics market Read More »

KUALA LUMPUR (Reuters) – A deal between Malaysia’s state energy firm Petronas and the Sarawak government on local gas distribution is likely to dent Petronas’ earnings by no more than 11%, less than previously expected, research firm CreditSights said. The analyst said, however, the case set a precedent that could lead Sarawak to seek additional …

Sarawak gas deal has limited impact on Petronas earnings, analyst says Read More »

By Stefanno Sulaiman JAKARTA (Reuters) – The lobby of Indonesia’s Economic Affairs ministry was a bit darker this week when some lights were turned off as the minister looked for savings after President Prabowo Subianto ordered $19 billion of budget cuts to help fund election promises. Ministers have responded to the presidential direction by cutting …

Indonesian minister turns off the lights in government quest to cut $19 billion Read More »

SEOUL (Reuters) – Korean Air anticipates uncertainties in the business environment this year due to shifts in the global political landscape, the airline said on Friday after reporting a record revenue for its 2024 financial year. South Korea’s largest airline completed a $1.3 billion acquisition of rival Asiana Airlines in December to become one of …

Korean Air reports record annual revenue, flags uncertainties from global politics Read More »