Reuters Asia Business

By Kevin Buckland and Kiyoshi Takenaka TOKYO (Reuters) -Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s planned acquisition of U.S. Steel. Ishiba made the request in a three-way online meeting with Biden and Philippine President Ferdinand Marcos …

Japan PM asks Biden to allay concerns over Nippon Steel-US Steel deal Read More »

(Reuters) – Citigroup has appointed Jeff Wu as Head of Markets Sales for China, effective immediately, aiming to unify its sales efforts across all its market products in the country, according to an internal memo seen by Reuters on Monday. The appointment would unite Citi’s offshore and onshore teams for the first time and underscores …

Citigroup names Jeff Wu as China markets sales head Read More »

(Reuters) -AbbVie has obtained the option to license a new blood cancer drug candidate from Simcere Pharmaceutical’s unit for markets outside China, in a deal valued at up to $1.06 billion, the companies said on Monday. The U.S. drugmaker will make upfront and milestone payments, and pay royalties on sales outside China, while it would …

AbbVie secures option to license Simcere’s blood cancer drug candidate Read More »

(Reuters) -OpenAI on Monday laid out its vision for artificial intelligence development in the U.S., saying the country needs outside investment and supportive regulation to stay ahead of China in the race for the nascent technology. “Chips, data and energy are the keys to winning AI” and the U.S. needs to act now to craft …

OpenAI urges US to prioritize AI funding, regulation to stay ahead of China Read More »

By Victoria Waldersee BERLIN (Reuters) -Germany’s top-end carmakers took a battering at home and in China in 2024, sales volume data showed, as wealthier consumers held back on purchases amid an uncertain economy and on slower than expected electric vehicle sales. BMW on Monday reported a 2.3% drop in overall vehicle sales at its BMW …

German premium carmakers’ sales battered in China and Germany amid slowdown Read More »

By Ellen Zhang, Joe Cash and Ethan Wang BEIJING (Reuters) -China’s exports gained momentum in December, with imports also showing recovery, though strength at the year-end was in part fuelled by factories rushing inventory overseas as they braced for heightened trade risks under a Trump presidency. Exports have been a vital growth engine for the …

China exports accelerate amid trade tensions, imports surprise Read More »