Reuters Asia Business

Australia’s Fortescue partners with China Baowu to tackle steel industry decarbonisation

8 Jan 2025

By Amy Lv and Lewis Jackson BEIJING (Reuters) – Australia’s Fortescue said on Wednesday that it would partner with a wholly-owned subsidiary of China Baowu Steel Group, the world’s largest steelmaker, to address challenges in decarbonising the global steel industry. Fortescue, the world’s fourth-largest iron ore supplier, signed earlier this week a memorandum of understanding …

Australia’s Fortescue partners with China Baowu to tackle steel industry decarbonisation Read More »

The Hartford expands Asia presence with Singapore launch

8 Jan 2025

(The Insurer) – The Hartford has expanded its presence in Asia with the launch of a new service company in Singapore through its Lloyd’s Syndicate 1221. The Singapore operation will initially focus on underwriting financial lines alongside credit and political risks coverage. The Hartford said it will expand into new product offerings over time. The …

The Hartford expands Asia presence with Singapore launch Read More »

Turkey’s Dogan Trend making progress with China’s SAIC for local plant

8 Jan 2025

ANKARA (Reuters) – Turkey’s Dogan Trend said on Wednesday that progress has been made on its work with China’s SAIC Motor to establish a vehicle plant in Turkey. Dogan Trend CEO Kagan Dagtekin said in a statement that officials from the Turkish company will travel to Shanghai on Jan. 10 upon the Chinese company’s invitation …

Turkey’s Dogan Trend making progress with China’s SAIC for local plant Read More »

Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says

8 Jan 2025

JAKARTA (Reuters) – Apple still cannot sell its iPhone 16 in Indonesia despite striking a deal to build a local production facility there, as it has not met domestic content rules, the industry minister said on Wednesday. Last year, Indonesia banned iPhone 16 sales after Apple failed to meet requirements that smartphones sold domestically should …

Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says Read More »

Iran pushes China to let it sell $1.7 billion worth of stranded oil, sources say

8 Jan 2025

By Jonathan Saul and Dmitry Zhdannikov LONDON (Reuters) – Iran is pushing to recoup 25 million barrels of oil from China that has been stuck for six years in Chinese ports due to sanctions imposed by then-U.S. President Donald Trump, three Iranian and one Chinese source familiar with the matter said. Trump is returning to …

Iran pushes China to let it sell $1.7 billion worth of stranded oil, sources say Read More »

Philippines encourages LNG importers to aggregate buying

8 Jan 2025

MANILA (Reuters) – The Philippines is encouraging importers of liquefied natural gas (LNG) to voluntarily aggregate purchases of the super-chilled fuel in efforts to lower prices and improve market efficiencies, government officials said on Wednesday. “If there is a voluntary effort, then we encourage the industry to aggregate their supply of importation of LNG,” said …

Philippines encourages LNG importers to aggregate buying Read More »

Indonesia curbs exports of used cooking oil, palm residue to help domestic users

8 Jan 2025

JAKARTA (Reuters) – Indonesia has clamped down on exports of used cooking oil (UCO) and palm oil residue to ensure supply to domestic cooking oil and biodiesel industries, the government said in a new regulation on Wednesday. The step by the world’s top producer and exporter of palm oil aims to help attain a new …

Indonesia curbs exports of used cooking oil, palm residue to help domestic users Read More »

Factbox-China’s economic stimulus measures since September

8 Jan 2025

BEIJING (Reuters) – China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year, in an effort to revive sluggish domestic demand, an official policy document showed on Wednesday. The measures follow a series of fiscal and monetary policy announcements made since September to consolidate …

Factbox-China’s economic stimulus measures since September Read More »

Indonesia e-commerce firm Bukalapak to stop selling physical goods as competition mounts

8 Jan 2025

JAKARTA (Reuters) – Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, amid tough competition from TikTok’s Tokopedia and Sea’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from …

Indonesia e-commerce firm Bukalapak to stop selling physical goods as competition mounts Read More »

Close Bitnami banner
Bitnami