Reuters Asia Business

Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says

21 Jan 2025

SEOUL (Reuters) – South Korea’s Samsung Electronics and LG Electronics are considering moving some manufacturing of home appliances from their Mexican plants to their U.S. plants, a South Korean newspaper reported on Tuesday. The review comes as U.S. President Donald Trump said he was considering imposing 25% duties on imports from Canada and Mexico on …

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Taiwan December export orders jump, Trump clouds outlook

21 Jan 2025

TAIPEI (Reuters) – Taiwan’s export orders grew at their fastest pace in nearly three years last month boosted by demand for artificial intelligence technologies, and China, though tariff threats from the new administration of Donald Trump cloud the outlook. Export orders rose 20.8% year-on-year in December to $52.92 billion, Taiwan’s economy ministry said on Tuesday. …

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China’s frugal young adults accelerate saving, raising economic risks

21 Jan 2025

By Ethan Wang, Yukun Zhang and Ryan Woo BEIJING (Reuters) – The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, spend and doubles down on saving. On China’s Instagram-like Xiaohongshu, …

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UBS halts margin loans on some New World Development securities, Bloomberg News reports

21 Jan 2025

(Reuters) – UBS Group has halted accepting certain bonds and shares of Hong Kong property developer New World Development as collateral for margin loans in recent weeks, Bloomberg News reported on Tuesday. The private banking arms of Citigroup and HSBC Holdings have also stopped lending on New World securities some months ago, the Bloomberg report …

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Thailand plans third phase of handout scheme in April

21 Jan 2025

BANGKOK (Reuters) – Thailand’s government is planning to implement the third phase of its signature $14 billion “digital wallet” handout scheme in April, a deputy finance minister said on Tuesday, as it tries to stimulate its economy. The handout scheme and other government measures to jumpstart the economy could lead to growth of more than …

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Japan govt to submit BOJ board nominee to parliament on Jan 28, sources say

21 Jan 2025

TOKYO (Reuters) – Japan’s government is likely to submit a nominee on Jan. 28 to fill a seat on the central bank’s board that opens up in March, three government and ruling party sources told Reuters. The nominee, who would need to be approved by both houses of parliament, would replace economist-turned Bank of Japan …

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Economists split on Singapore monetary policy amid Trump 2.0 uncertainties

21 Jan 2025

By Xinghui Kok SINGAPORE (Reuters) – Economists are split on whether Singapore’s central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term. Reuters polled 12 analysts and six expect the Monetary Authority of Singapore to loosen its …

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Japan’s top FX diplomat warns against speculative bets on yen

21 Jan 2025

By Takaya Yamaguchi, Makiko Yamazaki and Leika Kihara TOKYO (Reuters) -Japan is closely watching currency market positions, including those built on speculative bets, because volatility in exchange rates is undesirable, its top currency diplomat Atsushi Mimura said on Tuesday. Uncertainty over new U.S. President Donald Trump’s economic policies could sway markets in unpredictable ways, Mimura …

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China stocks, yuan cautiously firm after Trump delays tariffs

21 Jan 2025

By Samuel Shen and Jiaxing Li SHANGHAI/HONG KONG (Reuters) -Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.S.-Sino relations. Trump returned to the White House on Monday with an ambitious …

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