Reuters Asia Business

BENGALURU (Reuters) – The Indian operations of South Korean giant Samsung Electronics were disrupted for a second day on Tuesday after hundreds of workers at its consumer electronics plant in southern India boycotted work to demand higher wages. Here are facts about Samsung’s India operations and its strike-hit factory: INDIA OPERATIONS * Samsung entered India …

Factbox-What are the Indian operations of strike-hit Samsung Electronics? Read More »

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 »