Reuters Asia

Indonesia says BASF, Eramet near $2.6 billion deal to process nickel for EV batteries

JAKARTA (Reuters) – Germany’s BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries for electric vehicles, Indonesian officials said. The Indonesian announcement comes as Southeast Asia’s biggest economy has been courting global companies to build facilities to produce …

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South Korea to scrap stock market registration requirement for foreigners – regulator

SEOUL (Reuters) – South Korea will scrap a requirement that foreign investors must register with domestic authorities in order to trade Korean stocks in a move designed to encourage investment from overseas, its financial regulator said on Thursday. “Instead, foreigners will be allowed to freely invest in our capital markets with internationally used identifications of …

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Vietnam market risks missing 2025 deadline for upgrade to emerging status – sources

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) -Vietnam risks missing a self-established 2025 deadline to complete reforms that would enable it to upgrade its stock market to emerging economy status and attract billions of dollars in investments, three officials told Reuters. The delays have been caused by infighting between state institutions about key reforms, …

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India’s Maruti Suzuki to recall 17,362 vehicles on possible airbag controller defect

BENGALURU (Reuters) – India’s top carmaker Maruti Suzuki on Wednesday said it is recalling 17,362 vehicles manufactured between Dec. 8, 2022 and Jan. 12, 2023 over a possible defect in its airbag controllers. The recall is to inspect and replace the affected part of the airbag controller, which could, in rare situations, not deploy the …

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At least 8 killed in Tibet avalanche, Chinese govt sends team to help search for survivors

BEIJING (Reuters) – At least eight people were killed following an avalanche in the city of Nyingchi in the southwestern region of Tibet, state media reported, and the Chinese government has sent a team to oversee help in recovering bodies and the missing. The avalanche occurred on a section of road between Pai village in …

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North Korea calls for normalising factories, economy after COVID ‘upheaval’

By Hyonhee Shin SEOUL (Reuters) – North Korea’s parliament has outlined plans to normalise industrial production and meet its economic goals this year, despite the “worst-ever upheaval” amid the coronavirus pandemic in 2022, state media said on Thursday. The reclusive country’s rubber-stamp parliament, the Supreme People’s Assembly, held a two-day meeting from Tuesday to discuss …

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India considers banning news identified as ‘fake’ by govt on social media

NEW DELHI (Reuters) – India’s government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country’s IT rules released this week. This is the latest in a slew of measures by Prime Minister Narendra Modi’s government that are being seen as efforts …

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Pacific islands urge Japan to delay release of Fukushima waste over contamination fears

SYDNEY (Reuters) -Pacific island nations are urging Japan to delay the release of water from the destroyed Fukushima nuclear power plant over fears fisheries will be contaminated, the Pacific Island Forum (PIF) said on Wednesday. The Japanese government said last week that water from the destroyed Fukushima nuclear power plant could be released into the …

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