Reuters Asia Business

By David Lawder WASHINGTON (Reuters) – China filed a World Trade Organization complaint on Wednesday against U.S. President Donald Trump’s new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value packages, arguing the actions are “protectionist” and break WTO rules. Beijing’s request for U.S. trade consultations came as confusion reigned …

China challenges Trump tariffs at WTO, package shippers warn of chaos Read More »

By Timothy Gardner WASHINGTON (Reuters) -The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran. They were the first U.S. sanctions on Iran’s oil after …

US slaps sanctions on network shipping Iranian oil to China Read More »

JAKARTA (Reuters) – Indonesia has ordered property firm PT MNC Land to halt development of a Lido tourism project affiliated with U.S. President Donald Trump over water management and environmental issues, its environment ministry said on Thursday.  The 3,000 hectare (7413.16 acres) integrated resort is located about 60 km (37.3 miles) south of the capital …

Indonesia orders MNC Land to halt project linked to Trump over environment issues Read More »

(This Feb. 5 story has been corrected by the European Commission to clarify the value of products to 150 euros, not 22 euros, in paragraph 4) By Foo Yun Chee BRUSSELS (Reuters) – Chinese online marketplace Temu and fast-fashion retailer Shein will be liable for the sale of unsafe and dangerous products on their platforms, …

Temu, Shein targeted as EU cracks down on unsafe e-commerce imports Read More »

By Kenneth Li (Reuters) – Thomson Reuters on Thursday forecast a pickup in underlying revenue growth over this year and next as it continues to invest in AI-driven products for its legal, accounting and other professional customers. The Toronto-based content and technology company said it expects organic revenue, which strips out the impact of currency …

Thomson Reuters sees revenue growth picking up as AI spending continues Read More »

By Anton Bridge TOKYO (Reuters) -Japanese financial giant Nomura Holdings said on Thursday that a former employee at its brokerage unit had been arrested on suspicion of fraud, the latest in a string of scandals that have dogged the firm over the past year. Yuta Cho, 30, who left Nomura in June 2024, has been …

Another scandal at Nomura as former employee arrested for alleged fraud Read More »

(Reuters) -Canadian miner Barrick Gold’s overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of its …

Barrick’s gold reserves rise in 2024 on Reko Diq project Read More »

By Maki Shiraki and Daniel Leussink TOKYO (Reuters) – Nissan is open to working with new partners after merger talks with Honda foundered, two people familiar with its thinking said on Thursday, with Taiwan’s Foxconn seen as one candidate. The struggling Japanese automaker is again at a crossroads after backing out of negotiations with bigger …

Nissan open to new partners, sources say, including Foxconn Read More »

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Nippon Steel, Japan’s biggest steelmaker, said on Thursday its proposed acquisition of U.S. Steel fits with President Donald Trump’s goal of a stronger United States as the leaders of the two allies prepared to meet. Nippon Steel’s bid for U.S. Steel, key to the Japanese company’s global …

US Steel bid matches Trump goals, Nippon Steel says, no certainty deal will close Read More »