Reuters Asia

China’s ‘erotic clothing’ capital braces for Trump and e-commerce crackdown

By Casey Hall, Florence Lo, Xihao Jiang GUANYUN, China (Reuters) -In an industrial park being built with Chinese state support in the middle of a sprawling farming community, factory boss Lei Congrui straightens a tiny golden bell hanging off a choker on a mannequin wearing white-and-pink lingerie. What Lei calls his “erotic clothing” showroom is …

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Stellantis swiftly reshapes strategy under Elkann after Tavares exit

By Giulio Piovaccari and Nora Eckert MILAN/DETROIT (Reuters) – Steered by Chairman John Elkann, Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers. Carlos Tavares abruptly resigned on Dec. 1, almost 18 months …

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Singapore’s Wee Hur to sell Aussie student housing portfolio for $1 billion

(Reuters) – Wee Hur Holdings, a Singapore-based real estate investment management firm, said on Monday that it will sell its student accommodation portfolio to real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion). Under the agreement, Wee Hur will retain an indirect stake in the portfolio via its Australian unit …

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India’s Tata faces pressure in Starbucks joint venture as consumers cut back

By Praveen Paramasivam (Reuters) -India’s Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes in the world’s most populous country, its top boss said on Monday. “We will calibrate for the short term — maybe instead of …

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‘Chai and samosas’: US hotels welcome Indian tourist boom to revive revenue

(This Dec. 11 story has been corrected to fix the organization’s name from U.S. National Trade and Tourism Office to U.S. National Travel and Tourism Office in second graphic and in paragraph 2) By Aishwarya Jain (Reuters) – U.S. hotels and travel companies are aiming to tap a surge in Indian tourists to boost revenue …

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Cricket-India’s one-man army Bumrah says fine with bowling workload

(Reuters) – Pace spearhead Jasprit Bumrah has been India’s one-man army in the ongoing test series against Australia and the 31-year-old said he has no problem shouldering the massive bowling workload. Bumrah is the leading wicket-taker in the five-test series with 18 dismissals from five innings despite little support from the other end. In the …

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