Reuters Asia Business

By Melanie Burton and Kirsty Needham MELBOURNE (Reuters) -Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the …

Australia orders Chinese investors to sell down stake in rare earths miner Read More »

By Tim Hepher and Lisa Barrington DUBAI (Reuters) -Global airlines on Monday raised their profit forecast for 2024 and projected industry wide revenues just shy of $1 trillion as a record number of travellers board flights. The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this …

Global airlines raise 2024 profit outlook as travel soars Read More »

(Reuters) -Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of a potential London float which could value it around 50 billion pounds ($63.70 billion), Sky News reported on Sunday. The confidential filing could take place as soon as the coming week, the report added, citing …

Fashion firm Shein to file 50 billion pound London IPO prospectus, Sky reports Read More »

TAIPEI (Reuters) -Nvidia Chief Executive Jensen Huang said on Sunday that the company’s next-generation artificial intelligence (AI) chip platform was called Rubin and would be rolled out in 2026. The Rubin family of chips will include new graphics (GPU) and central processors (CPU) as well as networking chips, Huang said at National Taiwan University in …

Nvidia says its next-generation AI chip platform to be rolled out in 2026 Read More »

SHANGHAI (Reuters) – New home prices in China rose slightly for a ninth month in May, a private survey showed, driven higher by a slew of supportive steps to prop up the nation’s crisis-hit property sector. The average new home price across 100 cities rose 0.25% on month in May, following a 0.27% gain in …

China’s new home prices inch up for 9th month in May, survey shows Read More »

SEOUL (Reuters) – South Korea’s exports rose for an eighth straight month in May, led by robust chip sales though overall growth in shipments lagged market expectations, trade data showed on Saturday. Overseas sales by Asia’s fourth-largest economy rose 11.7% year-on-year to $58.15 billion, a 22-month high, slowing from a gain of 13.8% in the …

South Korea exports rise for eighth month, growth slows slightly Read More »

(Reuters) – Pakistan’s Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%. Pakistan will present its annual budget on June 10, three days later than expected, two government sources said on Friday, as markets wait …

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says Read More »