Reuters Asia Business

South Korea acting President Choi says to monitor financial markets around the clock

10 Jan 2025

SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok said on Friday the government will make an all-out effort to stabilise the economy and will monitor financial markets around the clock to act if needed. Choi, speaking at a meeting with the central bank chief and regulators, also said the government will continue to make …

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Exclusive-US lobbied Greenland rare earths developer Tanbreez not to sell to China

9 Jan 2025

By Melanie Burton and Ernest Scheyder MELBOURNE/HOUSTON (Reuters) – U.S. and Danish officials lobbied the developer of Greenland’s largest rare earths deposit last year not to sell its project to Chinese-linked firms, its CEO told Reuters, adding it has been in regular talks with Washington as it reviews funding options to develop the island’s critical …

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US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing’s military

9 Jan 2025

(This Jan. 6 story has been corrected to remove the stock symbol from Autel Robotics, which was erroneously identified with the symbol of its prior parent firm Autel Group, in paragraph 9) By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – The U.S. Defense Department said on Monday it has added Chinese …

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Dollar climbs for 3rd straight session, sterling weakness continues

9 Jan 2025

By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels on concerns over tariffs under the incoming Trump administration, while sterling’s recent weakness persisted. U.S. Treasury yields have been on an uptrend, with the benchmark 10-year note hitting an …

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Taiwan’s Starlux Airlines orders five more Airbus A350F freighters

9 Jan 2025

(Reuters) – Taiwan’s Starlux Airlines has placed an order for five more Airbus A350F freighters, the European planemaker said on Thursday. That doubles the initial order Starlux placed last year for five of the cargo aircraft, Airbus said. “This second order from this fast-growing airline is another endorsement of the all-new A350F as the future …

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US to finalize Chinese vehicle crackdown rules next week, Raimondo says

9 Jan 2025

By David Shepardson WASHINGTON (Reuters) -President Joe Biden’s outgoing administration plans to finalize rules next week cracking down on Chinese vehicle software and hardware, U.S. Commerce Secretary Gina Raimondo told Reuters. In September, the department proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns. That move …

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Ubisoft’s Assassin’s Creed Shadows release delayed again

9 Jan 2025

(Reuters) – France’s largest video game maker Ubisoft has decided to postpone the release of the newest game in its blockbuster franchise Assassin’s Creed again, putting off the launch to March 20 from Feb. 14, the company said on Thursday. The French company had in September last year postponed the game’s release by three months …

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Billionaire Frank McCourt’s Project Liberty proposes bid for TikTok’s US assets

9 Jan 2025

(Reuters) – Entrepreneur and former Los Angeles Dodgers owner Frank McCourt’s Project Liberty and its consortium of partners in The People’s Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok’s U.S. assets. The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the …

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Climate change shows ‘claws’ with rising costs for disasters, Munich Re says

9 Jan 2025

By Alexander Hübner and Tom Sims MUNICH (Reuters) – Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from 2023 and one of the costliest years on record, Munich Re said on Thursday. The year’s tally of losses from natural catastrophes covered by insurance compares with …

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