Reuters Asia Business

Zijin Mining to gain controlling stake in Zangge Mining with $1.87 billion deal proposal

16 Jan 2025

BEIJING (Reuters) – A subsidiary of China’s Zijin Mining plans to buy a 24.8% stake in Zangge Mining for 13.7 billion yuan ($1.87 billion) and gain controlling right in the firm, Zijin announced in a stock exchange filing on Thursday. The deal would allow Zijin to consolidate its ownership over the Julong copper project in …

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Tokyo Gas identifying assets to sell to fund investments, president says

16 Jan 2025

By Yuka Obayashi, Miho Uranaka and Katya Golubkova TOKYO (Reuters) – Tokyo Gas has been identifying assets, including from its vast real estate portfolio, to be sold to fund growth investments, its president said, as the company faces pressure from U.S. activist investor Elliott Management. Elliott, one of the world’s most influential activist investors, purchased …

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EU imposes anti-dumping tariffs on Chinese sweetener erythritol

16 Jan 2025

By Marine Strauss BRUSSELS (Reuters) – The European Commission said on Thursday it will impose anti-dumping duties on imports of sweetener erythritol from China after finding it was being sold in the European Union at unfairly low prices, threatening the EU’s own industry. The definitive anti-dumping levies range from 34.4% to 233.3%, the Commission said …

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TSMC logs record quarterly profit, sees hefty revenue growth in early 2025

16 Jan 2025

By Yimou Lee, Ben Blanchard and Faith Hung TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects robust revenue growth in the first three months of the year as demand surges for chips used in artificial intelligence processing. While business is booming, TSMC does face headwinds from U.S. …

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China probes US chip subsidies over ‘harm’ to Chinese mature node chipmakers

16 Jan 2025

By Eduardo Baptista BEIJING (Reuters) -China will launch an investigation into U.S. government subsidies to its semiconductor sector over alleged harm caused to Chinese mature node chipmakers, the commerce ministry said on Thursday. Unlike the cutting-edge chips that power artificial intelligence models, mature node chips are cheaper, easier to manufacture, and used for less complex …

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Carmakers in India plan EV onslaught in 2025 despite slowing global demand

16 Jan 2025

By Aditi Shah and Nandan Mandayam NEW DELHI (Reuters) -Automakers operating in India plan to launch close to a dozen new electric car models this year, many in the premium market, with longer driving ranges and faster charging times, to attract buyers as demand for EVs slows down globally. Electric cars will take centre stage …

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China will continue to help Sri Lanka achieve financial relief

16 Jan 2025

BEIJING (Reuters) – China will continue to play a “positive role” in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability, China’s Xinhua news agency reported on Thursday. The two countries will strive to conclude a comprehensive China-Sri Lanka free trade agreement …

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Mideast oil prices jump on robust China, India demand post-sanctions

16 Jan 2025

By Siyi Liu, Florence Tan and Nidhi Verma SINGAPORE (Reuters) -Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China and India to replace sanction-hit supplies from Russia and Iran drove up prices, traders said on Thursday. The Biden administration on Friday announced …

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