Reuters Asia Business

By Ethan Wang and Ryan Woo BEIJING (Reuters) – A Chinese mother went on television to seek justice for her 19-year-old intellectually disabled son after scammers tricked the desperate jobseeker into having breast augmentation surgery, in an incident that has sparked widespread outrage. The teenager hoping for a job at a cosmetic surgery clinic in …

Scammers prey on young Chinese desperate for jobs in bleak economy Read More »

BEIJING (Reuters) – China’s gasoline exports fell 35.7% in July from a year earlier, customs data showed on Sunday, as refiners lowered crude runs and held back from shipments due to weakening profit margins. Gasoline exports stood at 790,000 metric tons last month, or 5.77 million barrels per day, data from the General Administration of …

China’s gasoline exports fall 35.7% in July as profit margins weaken Read More »

SEOUL (Reuters) – South Korean artificial-intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday. They announced merger negotiations in June. The deal is the latest attempt by South Korean companies to challenge global AI chip leaders such as Nvidia. Sapeon’s shareholders include …

South Korean AI chip makers Rebellions and Sapeon agree to merge Read More »

KARACHI (Reuters) – Chinese electric vehicle giant BYD (002594.SZ) on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors. BYD is the first major new electric vehicle (NEV) entrant in the Pakistani market, where there is a lack of …

China’s BYD plans car plant in Karachi as part of Pakistan entry Read More »

By Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman on Saturday defended its hiring practices after New Delhi ordered investigations following a Reuters report that the Apple supplier rejects married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a big part of our workforce here,” Young Liu said during …

Foxconn chief defends hiring practices after report married women rejected in India Read More »

By Stefanno Sulaiman, Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s outgoing government submitted a 2025 budget plan to parliament on Friday targeting a narrower deficit than this year, which analysts said signalled Southeast Asia’s largest economy would remain fiscally prudent under its next president. The budget proposal worth 3,613.1 trillion rupiah ($230 billion), …

Indonesia proposes 2025 budget targeting narrower deficit Read More »

HONG KONG (Reuters) – The administrator of a major Evergrande onshore unit has asked creditors to provide details about the debt the embattled property developer owes to them ahead of the first creditor meeting to be held on Nov. 14, official filings showed. The Guangzhou Intermediate People’s Court ruled last week that Evergrande unit Guangzhou …

Evergrande onshore unit’s administrator seeks details from creditors ahead of meeting Read More »