Reuters Asia Business

Sekisui Chem to begin mass production of perovskite solar cells in 2027

26 Dec 2024

TOKYO (Reuters) – Japan’s Sekisui Chemical said on Thursday that it plans to begin mass production of next-generation perovskite solar cells (PSCs) in 2027. PSCs, which are thin and bendable, are considered by scientists to be a potential low-cost alternative to silicon cells, as they have the potential to reduce the amount of space required …

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China resumes routine inspections of Australian lobster

26 Dec 2024

BEIJING (Reuters) – China’s commerce ministry on Thursday said it has resumed regular quarantine inspections for lobsters imported from Australia, effectively restoring shipments that had been disrupted since late 2020 due to a diplomatic dispute. China hopes to work with Australia to properly manage bilateral economic and trade relations and to expand and deepen cooperation …

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Japan Jan-March crude steel output forecast to fall 2.4% Y/Y – METI

26 Dec 2024

By Yuka Obayashi TOKYO (Reuters) – Japan’s crude steel output is expected to fall 2.4% in the first three months of 2025 due to slow demand from the manufacturing and construction sectors, the Ministry of Economy, Trade and Industry (METI) said on Thursday. The forecast would bring the world’s third-largest steel producer’s annual output for …

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China Eastern to debut C919 on Shanghai-Hong Kong route in January

26 Dec 2024

BEIJING (Reuters) – China Eastern Airlines will launch the first commercial cross-border service operated by C919 between Shanghai and Hong Kong on January 1, state-owned China Central Television (CCTV) said on Thursday. Currently, the three big state-owned airlines in China all operate the C919, the narrow-body jet domestically developed by the Commercial Aircraft Corporation of …

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World Bank raises China’s GDP forecast for 2024, 2025

26 Dec 2024

(Reuters) – The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s second-biggest economy has struggled this year, mainly due to a property crisis and …

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Japan’s Nippon Steel extends closing date for U.S. Steel acquisition

26 Dec 2024

TOKYO (Reuters) – Japan’s Nippon Steel said on Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company. The estimated closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 …

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Alibaba nears $4 billion JV deal with S.Korea’s E-Mart, Bloomberg News reports

26 Dec 2024

(Reuters) -Alibaba Group is nearing a deal to merge its South Korean operations with E-Mart’s e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday. The companies are finalizing details of the deal, which could be announced as soon as this week, the report …

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Taiwan blocks Uber’s $950 million Foodpanda deal over competition concerns

26 Dec 2024

(Reuters) -Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday. Uber and Foodpanda did not immediately respond to requests for comment outside regular business hours. Delivery Hero said in a statement Uber may …

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Japan says its economy likely to mark first positive output gap in 7 years

26 Dec 2024

TOKYO (Reuters) – Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market. Japan’s output gap, which measures the difference between an economy’s actual and potential output, is likely …

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Chinese tricksters take cue from Squid Game to prey on the indebted

26 Dec 2024

By Ryan Woo, Ethan Wang and yukun zhang BEIJING (Reuters) -In China’s take on Squid Game, fraudsters are preying on the financially distressed in a slumping economy with promises of prize money, debt restructuring and other schemes that are not always what is promised. Unlike the dystopian South Korean TV series, which returns to the …

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