Reuters Asia Business

TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China’s electric vehicle market. The company’s fourth-quarter operating loss was 6.17 billion yen ($40 million), undershooting an average estimate for …

Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war Read More »

By Josh Ye HONG KONG (Reuters) – Pavel Durov, billionaire founder and CEO of Telegram, said Apple’s move last week to remove the chat app from its China app store had not caused any decrease in downloads from China and criticised Apple instead for its “walled garden” app policies. Durov published a post in his …

Telegram founder says China downloads have not fallen since Apple move Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% target as expected, governor Kazuo Ueda said, keeping alive market expectations of a further withdrawal of monetary support later this year. “If our price forecasts change, that would also be a reason to change …

BOJ will hike rates if trend inflation accelerates, gov Ueda says Read More »

TOKYO (Reuters) -Japan’s Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural gas (LNG) project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it. The Nikkei reported ADNOC would have a stake of around 60% and Mitsui …

Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report Read More »

BANGKOK (Reuters) -Thailand’s 500 billion baht ($13.51 billion) “digital wallet” stimulus policy gained cabinet approval on Tuesday, Prime Minister Srettha Thavisin said, clearing another hurdle for the signature policy of the ruling Pheu Thai party. The handout would give 10,000 baht ($270.20) to 50 million Thais to be spent in their local communities over a …

Thailand’s $13.5 billion household stimulus plan gets cabinet approval Read More »

By Alun John and Dhara Ranasinghe LONDON (Reuters) – A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers from Tokyo to Beijing and Stockholm. The dollar is at its highest since November against other major currencies, poised for a fourth straight month of gains. Its latest rally, following …

Where king dollar is causing pain the most Read More »

By Foo Yun Chee BRUSSELS (Reuters) -TikTok Lite’s reward programme may be suspended in the European Union on Thursday if TikTok is unable to address concerns about its possible addictive effect on children, the European Commission said on Monday as it opened a probe into the new app’s launch in France and Spain. Brussels is …

EU threatens to suspend TikTok Lite’s reward programme Read More »

(Reuters) – The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen. The decline in the yen comes after a string of strong U.S. inflation data pushed the dollar to five-month highs and …

Japan’s yen falls to 1990 lows, dollar/yen nears 155 Read More »