Reuters Asia Business

By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Remy Cointreau slashed its full-year guidance on Friday, delaying its recovery from persistent double-digit sales declines, pushing out further a turnaround in the key U.S. market and flagging tougher conditions in China. The maker of Remy Martin cognac and Cointreau liqueur has been grappling with sharp sales …

Remy abandons hopes for sales recovery as problems mount Read More »

By Joe Cash BEIJING (Reuters) -China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday, as the ailing resource-rich but diplomatically-isolated regime looks to build up its markets. Beijing has sought to develop its ties with the Taliban since they took control of …

China to offer Taliban tariff-free trade as it inches closer to isolated resource-rich regime Read More »

By Sam Nussey TOKYO (Reuters) -Rigaku’s shares fell 10% in their market debut on Friday, after buyout firm Carlyle Group steered the Japanese X-ray testing tool maker to an $863 million initial public offering. Shares closed at 1,130 yen. The company had priced the IPO at the top end of a 1,230 to 1,260 yen …

Rigaku slumps in market debut after $863 million IPO Read More »

BEIJING (Reuters) -Steel demand in China, the world’s largest producer and consumer, will likely flatten or dip slightly in 2025, industrial officials said, warning mounting risks facing steel exports due to growing trade frictions. Oversupply due to demand dropping faster than supply has weighed down steel prices and hurt profitability among steelmakers, some of which …

China’s steel demand will likely flatten in 2025, says industry official Read More »

By Makiko Yamazaki TOKYO (Reuters) -Core inflation in Japan’s capital in October dipped below the central bank’s 2% target for the first time in five months, data showed on Friday, potentially complicating the central bank’s quest to raise interest rates further. Closely watched services inflation this month also slowed, casting doubt on the Bank of …

Core inflation in Japan’s capital slips below BOJ’s target Read More »

By Mei Mei Chu and Joe Cash BEIJING (Reuters) -China’s grain output is set to exceed a record 700 million metric tons this year, a key agriculture ministry official said on Friday, calling for continued efforts to ensure stable supply. That figure is 0.7% higher than the 2023 harvest of 695.41 million tons, data from …

China heads for record 2024 grain harvest of 700 million T Read More »