Reuters Asia Business

By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -Shigeru Ishiba, the former Japanese defence minister running in the ruling party’s leadership race, said on Tuesday that a complete exit from deflation is a crucially important task for the country. “I don’t think private consumption has recovered strongly yet despite some signs of improvement,” Ishiba said …

Japan PM hopeful Ishiba says complete exit from deflation is crucial Read More »

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) – Thailand’s average household debt has reached a record high due to slow economic growth, lower incomes and high living costs, and people are having trouble servicing their loans, a university survey showed on Tuesday. The average debt per household was 606,378 baht ($17,908), up 8.4% from …

Thai household debt at record high amid sluggish economy, survey shows Read More »

TOKYO (Reuters) – Japan’s Panasonic Holdings said on Tuesday it would end its 37-year contract as a top sponsor for the Olympics following the end of the Paris Games. The Osaka-based company first became an official partner of the Olympic Games in 1987 and expanded its partnership to the Paralympics from 2014. It has supported …

Japan’s Panasonic ends 37-year contract as top Olympics sponsor Read More »

BEIJING (Reuters) – The United State’s passage of a bill that aims to restrict business with Wuxi AppTec, BGI and other biotech firms was a “discriminatory” measure against Chinese companies, China’s foreign ministry said on Tuesday. China urges the U.S. to respect market principles and trade rules, stop pushing forward the bill and misusing all …

China slams US bill targeting biotech firms as ‘discriminatory’ Read More »

SEOUL (Reuters) – South Korea’s antitrust regulator has launched a probe into the local unit of Mercedes-Benz, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday, without elaborating. The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1, destroying or damaging …

South Korea antitrust regulator probes Mercedes-Benz local unit after EV fire Read More »

By David Shepardson and Michael Martina WASHINGTON (Reuters) -The U.S. House of Representatives voted on Monday to bar new drones from Chinese drone manufacturer DJI from operating in the United States, one of a series of measures aimed at China that lawmakers are considering this week. The bill, which still needs to be approved by …

US House votes to bar new DJI drones as ‘China week’ gets underway Read More »

WASHINGTON (Reuters) – Nippon Steel defended its $14.9 billion bid for U.S. Steel , arguing it would strengthen the U.S. Steel industry and that politics are motivating the U.S. opposition to the deal, according to a strongly worded letter first reported by Reuters.     Here is a summary of some of the key arguments Nippon …

Factbox-Nippon Steel rebuts CFIUS’s case against its bid for US Steel-letter Read More »

(Reuters) – Japan’s Toyota Motor has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand. The global sales of EVs – either fully electric or plug-in hybrid – rose 20% in the first half of 2024, slower than expected, data from …

Factbox-Carmakers adjust electrification plans as EV demand slows Read More »