Reuters Asia Business

BEIJING (Reuters) – Shares in Advanced Micro-Fabrication Equipment (AMEC), one of China’s leading chip equipment makers, jumped 4.35% on Wednesday after it was removed from a list of Chinese companies the Pentagon said were allegedly working with Beijing’s military. AMEC was added in February to Washington’s “Entities Identified as Chinese Military Companies Operating in the …

Shares of AMEC jump after removal from US’s ‘China military company’ list Read More »

(Reuters) – Tesla’s Shanghai plant manager Song Gang has left the company, according to a letter he sent to staff on Wednesday. Song, who became Gigafactory Shanghai’s manager in 2018, informed Tesla employees that Wednesday would be his last day, according to the note seen by Reuters. The Shanghai plant is Tesla’s largest factory by …

Tesla’s China factory head Song Gang leaves company, letter to staff shows Read More »

TOKYO (Reuters) – Japan’s Seven & i Holdings said on Wednesday it plans to open 500 new convenience stores in the United States and Canada through 2027. Seven & i’s founding Ito family made an offer, estimated to be worth $58 billion, last month to take the company private amid a competing takeover offer from …

Japan’s Seven & i plans to open 500 stores in US, Canada by 2027 Read More »

BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged on Wednesday, as widely expected, after delivering a surprise cut at its previous meeting in October. The Bank of Thailand’s monetary policy committee voted unanimously to keep the one-day repurchase rate at 2.25% at its final meeting of 2024. All but two of …

Thai central bank holds key rate steady at 2.25% Read More »

BANGKOK (Reuters) – Thailand could beat a government forecast of 2% to 3% export growth in 2025, the commerce minister said on Wednesday as he played down concerns about the potential impact of the second Trump administration on local exporters. Pichai Naripthaphan also said a weaker baht, closer to 36 or 37 per dollar from …

Thai minister says aiming to beat 2025 export growth forecast Read More »

By Summer Zhen HONG KONG (Reuters) – Some Asian hedge funds are betting on leading Chinese tech companies such as Xiaomi and Baidu, buoyed by their artificial intelligence innovations, despite the threat of further U.S. curbs that could take effect next year. A U.S. ban imposed on advanced chip exports to China has kept many …

Asia Hedge funds eye Chinese tech leading AI charge in 2025 Read More »

By Jeslyn Lerh SINGAPORE (Reuters) – Asia’s fuel oil premiums and refining margins will be capped by ample supply in early 2025, but cleaner shipping fuel mandates in Europe and potential changes in Russian and Iranian oil flows under the incoming Trump administration could jolt markets. Here are key factors to watch in the fuel …

Asia fuel oil prices capped in early 2025 but supply risks loom Read More »