Reuters Asia Business

Toyota likely to post second straight profit drop as sales growth cools

4 Feb 2025

By Daniel Leussink TOKYO (Reuters) – Japan’s Toyota Motor is expected to post its second consecutive quarterly profit drop when it reports third-quarter earnings on Wednesday, as sales growth cools after a strong run powered by hybrid vehicles. The world’s best-selling automaker will likely still deliver more than $9 billion in quarterly operating profit, as …

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Lundin family, Zijin Mining to buy stake in Australia’s Predictive Discovery, shares rise

4 Feb 2025

(Reuters) -Shares of Australia’s Predictive Discovery were set for their best session in nearly six months on Tuesday after the gold explorer said that China’s Zijin Mining will invest A$24.1 million ($15.00 million), while Lundin family will invest A$45.1 million in it, to acquire a 3.5% and a 6.5% stake, respectively. Shares of the company …

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Trump’s trade war salvo heightens market turbulence

4 Feb 2025

By Yoruk Bahceli, Tom Westbrook, Naomi Rovnick and Chuck Mikolajczak LONDON/SINGAPORE/NEW YORK (Reuters) – Financial markets that had banked on avoiding trade wars are recalibrating the possibility of a sharp global slowdown, rekindled inflation and a pause to Federal Reserve rate cuts after Donald Trump declared tariffs on top U.S. trading partners. The U.S. president’s …

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Singapore’s Capitaland Investment to invest over $700 million to build data centre in Japan

4 Feb 2025

(Reuters) -Singapore’s real estate asset manager Capitaland Investment (CLI) said on Tuesday it will invest more than $700 million to develop its first data centre in Japan. The Temasek-backed firm has already secured a land parcel in Osaka, Japan, along with 50 megawatts (MW) of power capacity for the project, it said. CLI has added …

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Complaint about DeepSeek filed with Belgian privacy watchdog

3 Feb 2025

By Foo Yun Chee BRUSSELS (Reuters) – The Belgian data protection agency has received a complaint about Chinese artificial intelligence firm DeepSeek, a spokesperson for the Belgian privacy watchdog said on Monday, a move that may lead to an investigation. “We can confirm that we have received a complaint about DeepSeek. However, we cannot provide …

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Rubio hails Panama’s move to exit Chinese infrastructure plan

3 Feb 2025

By Simon Lewis and Michael Martina SAN SALVADOR/WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio on Monday welcomed Panama’s decision to let its participation in China’s global infrastructure plan expire, calling the move “a great step forward” for its ties with the United States. Any move by Panama to distance itself from Chinese President Xi …

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EU to tighten checks on cheap products from sites like Temu and Shein

3 Feb 2025

By Helen Reid LONDON (Reuters) – The European Union will increase customs checks on goods shipped directly by ecommerce retailers like Temu and Shein to EU consumers as it seeks to ensure fair competition and product safety, according to a draft of an official communication seen by Reuters on Monday. The directive from the European …

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Trump tariff headlines spur volatility surge across markets

3 Feb 2025

By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. President Donald Trump’s initial tariff actions against Canada, Mexico and China sparked a rise in broad market volatility and a rush to take guard against increased ructions across asset classes from stocks to currencies. The U.S. President’s weekend orders for additional levies of 25% on imports …

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Mitsubishi reviews Japan offshore wind projects amid market shifts

3 Feb 2025

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a “significantly changed” business environment, showing that the country is not immune to rising costs across offshore wind projects globally. Japan, which imports nearly everything for its energy …

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