Reuters Asia Business

Indonesia discussing plan for merger of Grab and GoTo, official says

7 Nov 2025

JAKARTA (Reuters) -Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday. The government considers the ride-hailing industry as strategic for job creation and vital to the economy. GoTo’s Gojek unit alone has more than 3.1 million online riders, and …

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China’s October rare earth exports rise 9% from September

7 Nov 2025

BEIJING (Reuters) -China’s rare earth exports rose 9% in October from September, customs data showed on Friday, the first month-on-month increase after three straight months of declines. China, the world’s largest rare earth exporter, sold 4,343.5 metric tons of rare earths in October, data from the General Administration of Customs showed. The data was aggregated, …

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India proposes five-year extension of anti-dumping duty on Malaysian glass

7 Nov 2025

(Refiles to broaden clients. No changes to text.) By Manoj Kumar NEW DELHI (Reuters) -India’s trade watchdog recommended extending anti-dumping duties on glass imports from Malaysia for another five years, warning that ending tariffs could trigger renewed dumping and hurt domestic producers already affected by cheap imports. While the finance ministry must ultimately decide on …

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China restores soybean licenses for U.S. firms, ends log ban

7 Nov 2025

BEIJING (Reuters) -China will restore soybean import licences for three U.S. firms and lift its suspension on U.S. log imports starting November 10, its customs authority said on Friday in another sign of easing trade tensions between the two nations. The licence suspensions for farmer-owned cooperative CHS, global grains exporter Louis Dreyfus Company Grains Merchandising …

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European Commission, Shein to meet after French call for investigation

7 Nov 2025

BRUSSELS (Reuters) -Representatives of the European Commission and Shein will meet on Friday, a spokesperson of the Commission said, after the French government called for an investigation into the Chinese e-commerce group due to the alleged sale of child-like sex dolls and banned weapons on its marketplace. The Commission has powers to investigate large online …

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Sri Lanka set to regain economic output lost to crisis, Dissanayake says

7 Nov 2025

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka has nearly completed its debt restructuring process and is set to regain the economic output it lost to the 2022 financial crisis, President Anura Kumara Dissanayake said on Friday as he presented the budget for 2026. Dissanayake, who is also the finance minister of the Indian Ocean island …

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French government defends Poste agreement with China’s Temu

7 Nov 2025

PARIS (Reuters) -France’s commerce minister on Friday defended a recent deal between the state-owned postal service and Chinese ecommerce site Temu, agreed just weeks before the Paris prosecutor launched an investigation into several online marketplaces. France also threatened to ban Shein’s online marketplace on Wednesday after finding child-like sex dolls and banned weapons for sale …

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Indonesia to invest $22 billion in agricultural processing, minister says

7 Nov 2025

JAKARTA (Reuters) -Indonesia plans to invest 371 trillion rupiah ($22 billion) in agricultural processing for several commodities in a bid to create eight million jobs, agriculture minister Amran Sulaiman said on Friday. Developing domestic processing is one of president Prabowo Subianto’s top priorities in a drive to achieve 8% economic growth. “The total plan of …

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DeepSeek researcher pessimistic over AI’s impact in startup’s first public appearance since success 

7 Nov 2025

By Liam Mo and Brenda Goh WUZHEN, China (Reuters) -Chinese artificial intelligence (AI) developer DeepSeek made its first public appearance in almost a year after it became a global sensation, fielding a senior researcher who told a government-organised internet conference that he was pessimistic about AI’s future impact on humanity.   Chen Deli took the stage …

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