Reuters Asia Business

Thailand’s investment applications up 35% to 10-year high in 2024

13 Jan 2025

BANGKOK (Reuters) – Thailand’s overall investment applications rose 35% in 2024 to a 1.14 trillion baht ($32.78 billion), a 10-year high, the government said on Monday. Foreign investment pledges alone increased 25% year-on-year to 832 billion baht, the Thailand Board of Investment (BOI) said in a statement. Singapore led the foreign direct investment source rankings …

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China’s rare earth exports in 2024 climb as home demand limited

13 Jan 2025

By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s exports of rare earth minerals rose 6% in 2024, customs data showed on Monday, as sputtering economic growth limited domestic demand. The world’s largest producer of rare earths last year shipped 55,431 metric tons of 17 minerals used in the making of products ranging from electric …

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China’s central bank chief vows to supply ample liquidity

13 Jan 2025

HONG KONG (Reuters) – China’s central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties. Pan Gongsheng, governor of the People’s Bank of China, said the central bank will apply various tools such …

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China 2024 iron ore imports hit record on resilient demand, steel exports

13 Jan 2025

By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s iron ore imports in 2024 rose to a record high for a second year, customs data showed on Monday, as lower prices spurred buying while demand remained resilient due in large part to massive steel exports that are inflaming trade tensions. The world’s largest iron ore …

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Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say

13 Jan 2025

SHANGHAI (Reuters) – Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for mines to reopen may cap gains, analysts and traders said. A nearly 86% plunge in prices of the EV battery …

Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say Read More »

TSMC fourth-quarter profit seen jumping 58% on strong AI chip demand

13 Jan 2025

By Wen-Yee Lee and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main global producer of advanced chips used in artificial intelligence applications, is expected to report a 58% leap in fourth-quarter profit on Thursday because of surging demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from …

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China’s December export growth gathers pace, imports recover

13 Jan 2025

(Reuters) – China’s export growth picked up steam in December, while imports recovered, closing out the year on a positive note as the world’s second-largest economy braces for mounting trade risks with the incoming U.S. administration. Outbound shipments in December rose 10.7% year-on-year, customs data showed on Monday, while imports surprised to the upside with …

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China’s crude oil imports fall in 2024, first time in two decades outside of COVID

13 Jan 2025

By Chen Aizhu (Reuters) -China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside of pandemic-induced falls, as tepid economic growth and peaking fuel demand dampened purchases. Imports totalled 553.4 million metric tons, equivalent to 11.04 million barrels per day (bpd), according to data from …

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China’s Shimao drops 15% after developer receives liquidation petition

13 Jan 2025

HONG KONG (Reuters) – Shares of China’s Shimao Group dropped 15% to HK$0.73 on Monday, their lowest since Sept. 26, after the property developer received a liquidation petition. Shimao said on Friday CPYM Link Investment had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.2 …

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