Reuters Asia Business

TOKYO (Reuters) – Japanese household spending probably accelerated its pace of declines in March, a Reuters poll showed on Thursday, underscoring the difficulties facing policymakers keen to engineer self-sustaining economic growth and normalise monetary policy. March household spending could fall 2.4% from the same month a year earlier, compared with the prior month’s 0.5% decline, …

Japan household spending likely accelerated pace of declines in March: Reuters poll Read More »

BANGKOK (Reuters) – Thailand’s government plans to increase the daily minimum wage to 400 baht ($10.84) from October, a spokesperson said on Thursday, a policy that could help lift consumption in Southeast Asia’s second-largest economy. A committee will meet this month to assess which industries are prepared for the increase and what assistance could be …

Thailand to increase daily minimum wage to 400 baht in Oct Read More »

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – The yen surged against the dollar on what traders suspect was another round of intervention by Japanese authorities to stem the currency’s sharp declines. While authorities have not confirmed whether they stepped in, below are some hints on Tokyo’s new intervention tactics: WHY DID THEY STEP …

Explainer-What are Japan’s tactics based on latest suspected yen intervention? Read More »

By Joyce Lee and Heekyong Yang ICHEON, South Korea (Reuters) -South Korea’s SK Hynix said on Thursday that its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services. The Nvidia supplier and the world’s second-largest memory chipmaker …

Nvidia supplier SK Hynix says HBM chips almost sold out for 2025 Read More »

By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK(Reuters) -The yen jumped against the dollar late on Wednesday, with traders on high alert for signs of intervention by Japanese monetary authorities to boost a currency languishing near 34-year lows. The dollar fell sharply to 153 yen from about 157.55 yen after the U.S. stock market close. …

Japan’s yen jumps vs dollar amid specter of BOJ intervention Read More »

By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year. Long considered a must-own stock on Wall Street, Apple …

Apple set for big sales decline as investors await AI in iPhones Read More »

By Joseph White, Aditya Soni and Kevin Krolicki (Reuters) – Just over a year ago, Elon Musk shared the stage at Tesla’s investor day in Texas with 16 executives who gave detailed presentations on the company’s technology and growth plans, then lined up behind their boss in a show of solidarity. “We’ve obviously got significant …

Analysis-Tesla’s restructuring hits executive bench hailed by Elon Musk Read More »

By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western measures, including through China. The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in …

US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies Read More »