Reuters Asia Business

Tata Steel calls for extension of import tariffs on some steel products to India

By Neha Arora and Sethuraman N R NEW DELHI (Reuters) -India’s Tata Steel hopes the government will extend import tariffs on some steel products to guard against the threat of imports, particularly from China, chief executive T.V. Narendran told Reuters on Thursday. “Import volumes are limited in India but even small volumes disturb the market,” …

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Japan’s ‘megabanks’ seen posting solid Q2 profits, on track for record annual earnings

(Refiles November 11 story to amend name to BofA Securities from Bank of America Securities in paragraph 5) By Anton Bridge TOKYO (Reuters) -Japan’s three largest banking groups are expected to post healthy second-quarter earnings on Friday, staying on track for record annual profit forecasts for this financial year despite geopolitical uncertainty and a dovish …

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Dutch delegation will travel to China next week for Nexperia talks, minister says

AMSTERDAM (Reuters) -A Dutch government delegation will travel to China “early next week” to seek a solution in the spat over chipmaker Nexperia, Dutch Economy Minister Vincent Karremans said on Thursday. “A senior official delegation from my ministry will travel to Beijing to continue our efforts to find a mutually agreeable solution,” Karremans said in …

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Japan’s Inpex lifts annual profit forecast on lower costs

By Yuka Obayashi TOKYO (Reuters) -Japan’s biggest oil and gas explorer Inpex raised its forecast for annual net profit by 5% on Thursday, as lower-than-expected costs offset reduced shipment from its key Ichthys liquefied natural gas project in Australia due to maintenance. The company now expects net profit of 390 billion yen ($2.6 billion) for …

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German auto supplier Hella once again sourcing parts from Nexperia China

FRANKFURT (Reuters) -German automotive supplier Hella said on Thursday that it is once again sourcing parts from Nexperia China based on delivery agreements made at a very early stage in the dispute. “Given the current circumstances and uncertainties in the supply chains, this is generally running smoothly,” said the company, adding that it is currently …

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DBS, Ant International expand partnership to boost cross-border payments

SINGAPORE (Reuters) -Singapore’s biggest bank DBS Group and Ant International said on Thursday that they have signed a memorandum of understanding to expand their partnership and scale up cross-border payments and fintech services. The deal, announced at the Singapore Fintech Festival, will allow DBS PayLah! users to make QR code payments at over 150 million …

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Malaysia, China to exchange trade certificates electronically from 2026

KUALA LUMPUR (Reuters) -Malaysia will enter into a joint arrangement with China on the Electronic Data Exchange of Certificates of Origin under the ASEAN-China Free Trade Area and Regional Comprehensive Economic Partnership (RCEP) agreements, the Trade Ministry said on Thursday.   The agreement is expected to be signed in November, with the first phase of …

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EU must tackle small parcels coming from China, Dutch Minister says

BRUSSELS (Reuters) -The European Union must tackle small parcels coming from China, Dutch Finance Minister Eelco Heinen said on Thursday, adding that he will be discussing with other EU finance ministers to start applying customs duties to packages worth less than 150 euros as well. “We need to get a grip on small parcels coming …

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Singapore to trial tokenised bills, bring in stablecoin laws, central bank chief says

SINGAPORE (Reuters) -Singapore’s central bank will hold trials to issue tokenised MAS bills next year and bring in laws to regulate stablecoins as it presses forward with plans to build a scalable and secure tokenised financial ecosystem, the bank’s top official said on Thursday. “Tokenisation has lifted off the ground. But have asset-backed tokens achieved …

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SBI Shinsei Bank targets $2.4 billion IPO size; Norinchukin to buy shares

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -SBI Shinsei Bank is targeting an offering size of 368 billion yen ($2.44 billion), including overallotment, in its initial public offering, filings showed on Thursday. The IPO of SBI Shinsei Bank, a unit of SBI Holdings, will include the sale of new and existing shares with the …

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