Reuters Asia Business

By Nick Carey LONDON (Reuters) – U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties. Hildegard Mueller, the president of Germany’s VDA auto association, told an annual …

German carmakers say Trump tariffs would hurt US consumers, industry Read More »

(Reuters) -Sunac China on Tuesday emerged as the first embattled Chinese property developer to successfully cut down on its onshore debt, after it said holders of all ten bonds had accepted its restructuring proposal. The landmark deal enables Sunac, once one of China’s largest real estate developers, to deleverage its 15.4 billion yuan ($2.11 billion) …

Sunac China lands first onshore debt reduction in troubled property sector Read More »

By Stephanie Kelly (Reuters) – Tech billionaires, foreign diplomats and CEOs shadowed U.S. President Donald Trump on Monday, with several attending St. John’s Church in Washington and seated prominently on the dais in the U.S. Capitol ahead of his speech.  The church service, typically a little-noticed part of Inauguration Day, quickly became a “who’s who” …

Factbox-Trump’s inauguration billionaires, CEOs: Ambani, Zuckerberg, Bezos attend church, ceremony Read More »

DAVOS, Switzerland (Reuters) – China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country’s vice premier, said on Tuesday. Addressing the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Ding said economic globalisation was a process of …

China is not seeking a trade surplus, vice premier says Read More »

By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia will require natural resource exporters to hold all proceeds onshore for at least one year, its chief economic minister said on Tuesday, a move that could boost the country’s foreign exchange reserves by $90 billion a year and support the local currency. The new requirement will apply to every …

Indonesia to make resource exporters hold all proceeds onshore for a year Read More »

HONG KONG (Reuters) -China broke its own records for new wind and solar power installations again last year, official data showed on Tuesday, accelerating from a breakneck pace set in 2023 as the country looks to peak its carbon emissions before 2030. Installed solar and wind power capacity climbed 45.2% and 18%, respectively, in 2024, …

China’s solar, wind power installations soared to record in 2024 Read More »