Reuters Asia Business

BEIJING (Reuters) -Baidu and Geely’s carmaking joint venture, Ji Yue said on Wednesday that it would seek to raise new money and carry out some operational adjustments to cope with fierce market competition. The electric car maker said on its social media account that it was looking to merge departments and positions that had duplicate …

Baidu-backed Ji Yue Auto to streamline operations, seeks to raise fresh funds Read More »

(Reuters) -China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher U.S. trade tariffs as Donald Trump returns to the White House. The contemplated move reflects China’s recognition that it needs bigger economic stimulus to combat Trump’s threats of punitive trade measures, people with knowledge of …

Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say Read More »

(Reuters) – A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S. Steel would threaten national security, with the fate of the $15 billion mega-merger in the balance. President Joe Biden, President-elect Donald Trump and a politically-influential labour union have voiced opposition to Nippon Steel’s acquisition …

Explainer-What next for Nippon Steel and US Steel’s $15 billion mega-merger? Read More »

SHANGHAI (Reuters) – Hyundai Motor and its Chinese partner BAIC Motor on Wednesday agreed to invest $1.1 billion in their joint venture that produces and sells Hyundai cars in China, BAIC said in a statement. The move signals the South Korean automaker’s commitment to the world’s largest car market despite its declining sales there and …

Hyundai, BAIC to invest $1.1 billion in China joint venture Read More »

(Reuters) -TikTok’s Canadian unit said it has filed an emergency motion with Canada’s Federal Court seeking a judicial review of an order that the company shut down its operations in the country on national security concerns. The Chinese-owned social media app requested the court set aside a government order requiring TikTok to wind-up its business …

TikTok’s Canada unit seeks judicial review of shutdown orders Read More »

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s cabinet on Wednesday approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said. The measures will support retail borrowers and smaller businesses and solve debt problems in a more tangible and sustainable way, she …

Thai cabinet approves measures to ease household debt Read More »

By Anton Bridge TOKYO (Reuters) -U.S. private equity firm Bain Capital will raise its offer price for Japan’s Fuji Soft by around 1.6%, it said on Wednesday, trumping a recently increased tender offer bid from rival KKR. Bain’s increased offer price, at 9,600 yen ($62.88) a share, marks the latest salvo in the running battle …

Bain Capital raises offer for Fuji Soft, outbidding KKR by 1.6 pct Read More »