Reuters Asia Business

BANGKOK (Reuters) – Thailand plans to increase the daily minimum wage to 400 baht ($11.76) next year, Labour Minister Pipat Ratchakitprakarn said on Friday. “It will be a new year present,” he said. The increase was postponed from October, but the wage committee including representatives from employers, labour and the government will meet again in …

Thailand plans to raise daily minimum wage in new year, says minister Read More »

By Ruma Paul and Sethuraman N R DHAKA/BENGALURU (Reuters) – India’s Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh’s grid operator and two sources familiar with the move. Adani Power, which exports power to Dhaka from its …

India’s Adani Power cuts Bangladesh supply by over 60% on payment dispute Read More »

By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – China’s steel industry, already struggling with overcapacity and weak domestic demand, faces an indirect hit if U.S. President-elect Donald Trump pursues 60% tariffs on Chinese goods such as manufactured items made from the alloy. The world’s largest steel producer and exporter has so far in 2024 …

China steelmakers gird for indirect Trump tariffs hit Read More »

By Neha Arora NEW DELHI (Reuters) – India’s imports of steel over the period from April to September were led by shipments from China, according to provisional government data reviewed by Reuters on Friday, and the South Asian nation remained a net importer of the alloy. The world’s second-biggest producer of crude steel imported 4.7 …

India’s April-Sept steel imports led by China, govt data shows Read More »

By Devjyot Ghoshal and Chayut Setboonsarng BANGKOK (Reuters) – Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win, industrial park developers in the region say. Trump, who won a resounding …

Southeast Asia prepares for factories fleeing Trump tariffs on China Read More »

By Alun John and Dhara Ranasinghe LONDON (Reuters) – The United States, Britain and Sweden all cut interest rates this week, even as Donald Trump’s U.S. election win introduced a fresh element of uncertainty given the threat of higher tariffs. Seven of the 10 big developed-market central banks tracked by Reuters are in easing mode, …

US, UK and Sweden pile on rate cuts Read More »