Reuters Asia Business

DeepSeek fever fuels patriotic bets on Chinese AI stocks

6 Feb 2025

By Samuel Shen and Jiaxing Li SHANGHAI/HONGKONG (Reuters) -Chinese investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-U.S. technology war. Feverish buying has pumped up shares of Chinese chipmakers, software designers …

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Chinese EV giant BYD to hire 20,000 in Zhengzhou in Q1, local media reports

6 Feb 2025

BEIJING (Reuters) – Chinese electric vehicle maker BYD plans to hire 20,000 employees in Zhengzhou in the first quarter, in areas including R&D and manufacturing, government-run Henan Daily reported on Thursday. There are around 60,000 workers at BYD’s production base in the capital city of central China’s Henan province. The Zhengzhou facility will ramp up …

Chinese EV giant BYD to hire 20,000 in Zhengzhou in Q1, local media reports Read More »

South Korea offshore gas find may not be economically feasible, energy ministry says

6 Feb 2025

SEOUL (Reuters) -South Korea’s hopes for a major oil and gas project off its east coast may not be economically feasible, according to initial drilling results, energy ministry officials said on Thursday. Recent drilling showed some signs of gas prospects but the amount was not believed to be meaningful, the officials said by telephone. Earlier, …

South Korea offshore gas find may not be economically feasible, energy ministry says Read More »

China, Pakistan pledge to boost cooperation on infrastructure, mining projects

6 Feb 2025

HONG KONG (Reuters) – China and Pakistan will upgrade and reconstruct Pakistan’s railway network and further develop its Gwadar port, while Chinese companies can invest in the South Asian nation’s offshore oil and gas developments, the official Xinhua news agency reported on Thursday. The comments came as Pakistan’s President Asif Ali Zardari visits China from …

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China’s U.S. ethane imports to surge in 2025 in drive to cut costs

6 Feb 2025

By Siyi Liu and Florence Tan SINGAPORE (Reuters) – Despite a growing trade war between Washington and Beijing, China’s ethane imports from the U.S. are set to surge this year as big petrochemical producers battling shrinking profits switch to the cheaper feedstock flowing from the U.S. shale gas boom. Companies including Satellite Chemical, China Sanjiang …

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Mitsubishi books $342 million charge on Japan offshore wind projects

6 Feb 2025

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan’s Mitsubishi Corp took a 52.2 billion yen ($342.4 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday. Mitsubishi leads consortia which won Japan’s first state-run wind auctions in 2021 to run three offshore wind farm …

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Asian equities see sharp foreign outflows in January

6 Feb 2025

By Gaurav Dogra (Reuters) – Foreign investors pulled heavily out of Asian stocks in January, deterred by higher U.S. Treasury yields and rising concerns that regional exports could suffer under additional tariffs from President Donald Trump’s administration. Foreigners divested stocks worth $12.5 billion, on a net basis, in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam …

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SpaceX’s rise under Trump 2.0 is welcome, Asia’s No.1 satellite company says

6 Feb 2025

By Kantaro Komiya TOKYO (Reuters) – For Asia’s biggest satellite company, SKY Perfect JSAT, the rise of Elon Musk’s rocket and satellite internet giant SpaceX under the second Donald Trump U.S. presidency is not a headwind, its president said on Thursday. The Japanese firm will most likely see deeper ties with SpaceX, President Eiichi Yonekura …

SpaceX’s rise under Trump 2.0 is welcome, Asia’s No.1 satellite company says Read More »

Singapore says investment commitments up in 2024, sees challenges in 2025

6 Feb 2025

By Bing Hong Lok Singapore (Reuters) -Singapore’s Economic Development Board said geopolitical and economic uncertainties would pose challenges in 2025 as it reported on Thursday a rise in investment commitments in the city-state last year. Fixed asset investment (FAI) commitments rose by S$0.8 billion to S$13.5 billion ($10.0 billion), while total business expenditure (TBE) commitments …

Singapore says investment commitments up in 2024, sees challenges in 2025 Read More »

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