Reuters Asia Business Archives - Page 797 of 2133

Foreigners pull out of Asian bonds for a second month in December

17 Jan 2025 17 Jan 2025

(Reuters) – Asian debt markets saw foreign outflows in December, for the second month in a row, reversing strong demand from earlier in 2024 on anticipated higher U.S. tariffs under President-elect Donald Trump, slower easing by the Federal Reserve, and reduced regional growth expectations. Cross-border investors sold a net $3.07 billion worth of bonds in …

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China denies requiring companies, individuals to give data in unlawful manner

17 Jan 2025 17 Jan 2025

BEIJING (Reuters) – The Chinese government “has never and will never” require companies or individuals to collect data for or provide data to it in a way that violates the law, China’s foreign ministry said on Friday. The ministry spoksperson was responding to a question about six Chinese companies including TikTok, Shein, Xiaomi, which have …

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Apple loses smartphone sales crown in China, drops to third in 2024

17 Jan 2025 17 Jan 2025

By Liam Mo and Brenda Goh BEIJING (Reuters) – (This Jan. 16 story has been corrected to show that it is Apple’s worst performance in China for smartphone sales since 2016, not Apple’s worst smartphone sales performance in China since 2016, in paragraphs 2, 5) Apple was dethroned as China’s biggest smartphone seller in 2024, …

Apple loses smartphone sales crown in China, drops to third in 2024 Read More »

Nintendo to release Switch 2 this year; shares slide 4%

17 Jan 2025 17 Jan 2025

By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo said on Thursday it will release the Switch 2 console this year, unveiling a device that appeared to closely follow the design of its popular predecessor. The Kyoto-based gaming company did not release pricing for the new device and said it would provide more details at a Nintendo …

Nintendo to release Switch 2 this year; shares slide 4% Read More »

Analysis-China’s vast refining sector faces shakeout as fuel demand peaks

17 Jan 2025 17 Jan 2025

By Chen Aizhu SINGAPORE, (Reuters) – Up to 10% of China’s oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing’s drive to wring out inefficiency begins to squeeze older and smaller plants. Tighter U.S. sanctions enforcement under the incoming Trump administration could …

Analysis-China’s vast refining sector faces shakeout as fuel demand peaks Read More »

USTR finds China’s shipbuilding dominance hurts US, is actionable

17 Jan 2025 17 Jan 2025

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The U.S. Trade Representative’s office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and is “actionable” under U.S. trade law. The findings of a USTR probe, first reported by Reuters on Tuesday, did not include a …

USTR finds China’s shipbuilding dominance hurts US, is actionable Read More »

China’s new home prices stabilise with stimulus push

17 Jan 2025 17 Jan 2025

By Liangping Gao, Yukun Zhang and Ryan Woo BEIJING (Reuters) -China’s new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property sector from a prolonged slump. That stood in contrast to a 0.1% …

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Chinese buyers switch to cheaper Brazilian soybeans ahead of Trump return

17 Jan 2025 17 Jan 2025

By Naveen Thukral, Ella Cao and Mei Mei Chu SINGAPORE/BEIJING (Reuters) – Chinese soybean processors have turned to competitively priced Brazilian cargoes instead of U.S. oilseeds, amid fears Washington will impose import tariffs after President-elect Donald Trump takes office on Jan. 20. Worries about revived trade tensions during Trump’s second administration have already disrupted trade …

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Malaysia’s economy grew 4.8% y/y in Q4, official advance estimates show

17 Jan 2025 17 Jan 2025

KUALA LUMPUR (Reuters) -Malaysia’s economy grew 4.8% in the fourth quarter from a year earlier, official advance estimates showed on Friday, slowing from the 5.3% rate in the previous quarter as activity in the agriculture and mining sectors slowed. Full-year economic growth is expected to come in at 5.1% in 2024, picking up from 3.6% …

Malaysia’s economy grew 4.8% y/y in Q4, official advance estimates show Read More »

Global diesel prices spike as US hits Russia with new sanctions

17 Jan 2025 17 Jan 2025

By Ahmad Ghaddar, Shariq Khan, Trixie Yap and Enes Tunagur LONDON (Reuters) – Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data. The United States imposed its toughest sanctions on Russian producers and …

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Reuters Asia Business﻿﻿

Reuters Asia Business