Reuters Asia Business

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Investors go into Wednesday’s market trading in Asia with their appetite for risk smothered by the rise in global bond yields. As ever, U.S. Treasury yields are front and center for markets that are more exposed than most to dollar-denominated debt …

Morning bid: Spiking yields puncture risk appetite, Japan warns on yen Read More »

(Reuters) -Japanese chipmaker Renesas Electronics will cut less than 5% of its global workforce, amounting to fewer than 1,000 positions, as it grapples with sluggish demand for its chips. Renesas, whose customers include automakers Toyota and Nissan, has also cancelled salary increases including for executives planned for this spring. The company did not provide an …

Japan’s Renesas to cut less than 5% of global workforce Read More »

By Abhirup Roy and Kantaro Komiya LAS VEGAS (Reuters) -Honda Motor will be cautious about starting production of new electric vehicles due to uncertainty about President-elect Donald Trump’s industrial policy, a senior executive of the Japanese automaker said on Tuesday. The remarks from the second-biggest Japanese carmaker highlight how global businesses are staying vigilant against …

Honda executive cautious about new EV production ahead of Trump presidency Read More »

By Karen Freifeld (Reuters) – A technology industry group on Tuesday urged President Joe Biden’s administration to refrain from issuing a last-minute rule that would control global access to AI chips, warning the restrictions would jeopardize U.S. leadership in artificial intelligence. The Information Technology Industry Council, representing companies like Amazon, Microsoft and Meta, said the …

Tech group urges US to halt rule that would limit global access to AI chips Read More »

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say. Japan’s top steelmaker, battling declining domestic demand, made the …

China exports push Nippon Steel to seek growth in US, India after blocked deal Read More »

By Stephen Nellis (Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this week and that Nvidia has undisclosed future plans for the chip. On Monday at CES 2025, Nvidia unveiled a desktop computer called Project DIGITS. The …

Nvidia CEO says company has plans for desktop chip designed with MediaTek Read More »

By Helen Reid and James Davey LONDON (Reuters) – A Shein representative declined to provide a direct answer when asked by a British parliamentary committee on Tuesday whether the online fast-fashion retailer uses cotton from China or from its Xinjiang province, a key issue for potential investors concerned about its supply chain. The repeated refusal …

Shein’s silence on China cotton use leaves British lawmakers in the dark on supply chain Read More »