Reuters Asia Business

By David Lawder WASHINGTON, November 3 (Reuters) -U.S. factory equipment maker OTC Industrial Technologies has long used low-cost countries to supply components – first China and later India – but President Donald Trump’s blitz of tariffs on numerous trade partners has upended the supply chain math for CEO Bill Canady. “We moved things out of …

Supreme Court cannot stop all of Trump’s tariffs. Deal with it, officials say Read More »

SEOUL (Reuters) -South Korean President Lee Jae Myung said on Tuesday the economy has turned a corner as risks related to geopolitics and corporate governance have been easing, which has boosted the local Kospi stock index beyond the 4,000 mark. “Consumer sentiment is improving, and economic growth in the third quarter has rebounded to a …

South Korea’s President Lee says economy has turned a corner Read More »

By Zaheer Kachwala (Reuters) -Grab Holdings beat analysts’ expectations for third-quarter revenue on Monday, supported by robust consumer spending on ride-hailing and food-delivery services as its platform expansion draws in additional users. Grab’s push to evolve into a “superapp”, integrating food and grocery delivery, ride-hailing and financial services, has gained strong traction among consumers looking …

Grab beats quarterly revenue estimates on resilient consumer spending Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Most major stock indexes climbed on Monday following news that Amazon.com will supply cloud-computing services to OpenAI, and the dollar rose to a three-month high versus the euro due to waning expectations for hefty U.S. interest rate cuts. The Federal Reserve last week eased rates as expected, but Chair Jerome …

Stock indexes gain after Amazon-OpenAI deal; dollar rise to 3-month high vs euro Read More »

By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data. Tech and tech-related firms helped boost the Nasdaq to the biggest …

S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky Read More »

SEOUL (Reuters) -South Korea’s consumer prices rose in October at the fastest pace in more than a year, government data showed on Tuesday, bolstering the case for policymakers to refrain from cutting interest rates further. The consumer price index rose 2.4% in October from a year earlier, the fastest pace since July last year, and …

South Korea inflation tops forecast, bolstering case for rates pause Read More »