Reuters Asia Business

By Karin Strohecker WASHINGTON (Reuters) – Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps low and middle income countries mitigate climate risk, its finance minister told Reuters. “We have formally requested to be considered for this facility,” Finance Minister Muhammad Aurangzeb said in an interview …

Pakistan requests $1 billion in IMF climate cash and sees reserves rising Read More »

By Richa Naidu LONDON (Reuters) – International companies such as Danone and Nestle have deepened price cuts or are seeking to boost online shopping volumes to win over China’s increasingly reluctant customers, executives said. China’s economy, the world’s second largest, grew at the slowest pace since early 2023 in the third quarter. Consumption and industrial …

Global food giants deepen price cuts to tempt China’s wary shoppers Read More »

(Reuters) -Hesai Group on Thursday said it plans to continue its legal process against the U.S. after the Pentagon reinstated the lidar manufacturer on its blacklist of Chinese firms allegedly working with Beijing’s military. The U.S. Justice Department said in a court filing last week that the Pentagon removed Hesai from the blacklist, but planned …

China’s Hesai to press on with US lawsuit after being reinstated on blacklist Read More »

TOKYO (Reuters) – Japan’s former top currency diplomat Masato Kanda is poised to become the next head of the Asian Development Bank, which said on Thursday there were no other candidates. The organisation has closed its nomination period for its next president, the ADB said in a statement. Its board of governors will begin voting …

Japan ex-currency diplomat Kanda set to head Asian Development Bank Read More »

By Scott Murdoch and Donny Kwok SYDNEY (Reuters) -Shares of Horizon Robotics ended 2.8% higher on their Hong Kong debut on Thursday, after the Chinese autonomous vehicle maker raised $696 million in this year’s largest initial public offering (IPO) in Hong Kong. The company sold 1.355 billion shares at HK$3.99 each, according to the its …

Horizon Robotics shares shine on Hong Kong debut Read More »

BEIJING (Reuters) -Chinese battery giant CATL on Thursday launched its first battery product focused on extended-range hybrids at a time when this category of electrified cars is seeing the fastest growth in sales among all segments. The battery, known as Freevoy, is the world’s first hybrid battery with a range of over 400 km (249 …

China’s CATL unveils new battery for extended-range hybrids Read More »