Reuters Asia Business

Japan to consider allowing public funds for nuclear power industry, Nikkei says

TOKYO (Reuters) -Japan’s industry ministry is seeking changes to the law so that public money can be used for investment in the nuclear power sector and in electricity grids, the Nikkei business daily reported on Tuesday. New Prime Minister Sanae Takaichi has said reviving nuclear power is key to Japan’s energy security and the industry …

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Orix, Qatar Investment to launch $2.5 billion Japan-focused private equity fund

TOKYO (Reuters) -Japanese financial services firm Orix is teaming up with the Qatari sovereign wealth fund to launch a $2.5 billion Japan-focused private-equity fund, Orix said in a release on Tuesday. Orix will hold a 60% stake and the Qatar Investment Authority a 40% stake in the new fund management firm, which will invest in …

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SoftBank’s OpenAI wager in focus as analysts upgrade share price target

By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring. But SoftBank’s belief in AI comes with risks amid growing concern of an “AI bubble” that could see SoftBank overextended in companies at …

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Honda’s bigger threat comes from China’s EV makers, not tariffs or chips

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Honda’s downgrade to its full-year profit outlook underscores the immediate pressure from U.S. tariffs and global chip shortages – but the deeper, longer-term challenge lies in intensifying competition from Chinese electric vehicle makers. Japan’s second-largest automaker cut its full-year outlook by a fifth after the market closed …

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Canada agriculture minister says canola trade prospects are improving after China visit

By Ed White WINNIPEG (Reuters) -Canada’s agriculture minister said in an interview on Monday his weeklong trip to China is evidence of bilateral relations beginning to thaw, something desperately needed by Canada’s farmers and canola exporters. Canada’s canola exports have been effectively blocked from China, at times Canada’s biggest seed export market, for months due …

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Travel booking platform Klook reveals robust revenue growth in US IPO filing

By Prakhar Srivastava (Reuters) -SoftBank-backed Klook reported more than a 24% jump in revenue in 2024, the online travel booking platform disclosed in its filing for a U.S. initial public offering on Monday, signaling steady investor demand even as the government remains shut. The U.S. IPO market has rebounded from tariff-driven volatilities, as a rally …

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Apple delays next version of iPhone Air, the Information reports

(Reuters) -Apple will not release the next version of the iPhone Air in the fall of 2026 as previously planned, amid weak sales, the Information reported on Monday, citing sources familiar with the matter. The company launched the iPhone Air in 2025 as a thinner and lighter alternative within its flagship iPhone portfolio. The model, …

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Exclusive-Renault seeking Chinese rare-earth-free motor supplier, sources say

By Gilles Guillaume PARIS (Reuters) -France’s Renault has ended a project with Valeo to develop a new rare-earth-free electric vehicle motor and is looking instead for a cheaper Chinese supplier, two sources familiar with the matter told Reuters. Automakers including Renault, General Motors and and suppliers such as ZF, BorgWarner and Valeo have been developing …

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