Reuters Asia Business

BEIJING (Reuters) – China’s exports likely declined in March after they grew at a better-than-expected pace in the first two months of this year, a Reuters poll showed on Thursday, highlighting an uneven recovery in the world’s second-biggest economy. Trade data for March is expected to show outbound shipments shrank 2.3% year-on-year, according to the …

China’s exports likely swung back to contraction in March- Reuters poll Read More »

TOKYO (Reuters) -Japan’s Fast Retailing Co clocked a 7% second-quarter profit growth that fell slightly short of market estimates, but the Uniqlo owner retained its annual profit guidance, keeping it on course to report a third straight year of record earnings. Operating profit was 110.4 billion yen ($721.80 million) in the three months ended in …

Uniqlo operator misses Q2 profit view but stays on course for record year Read More »

By Kevin Yao BEIJING (Reuters) – China’s economy likely grew 4.6% in the first quarter from a year earlier – the slowest in a year despite tentative signs of steadying, a Reuters poll showed on Thursday, maintaining pressure on policymakers to unveil more stimulus measures. Gross domestic product (GDP) in the world’s second-biggest economy is …

China’s Q1 GDP growth set to slow to 4.6%, keeps pressure for more stimulus- Reuters poll Read More »

BERLIN (Reuters) – German premium carmakers took a further hit to their Chinese sales in the first quarter, data from the companies showed on Wednesday, with Porsche and Mercedes-Benz also struggling with supply chain troubles. Sales in China fell 3.8% at BMW, 12% at Mercedes-Benz and 24% at Porsche, the companies said, indicating that efforts …

German premium carmakers struggle to revive demand in China Read More »

(Reuters) – Universal Music Group on Wednesday said its unit in Greater China has entered a global digital distribution partnership with Chinese entertainment company TF Entertainment. “Targeting markets outside Mainland China, TF Entertainment will leverage UMG’s global distribution capabilities and marketing network, to further elevate C-pop’s prominence on a global stage,” the world’s biggest music …

Music label UMG announces distribution partnership with China’s TF Entertainment Read More »

By Yimou Lee TAIPEI (Reuters) – Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can …

Exclusive-Foxconn considers rotating CEOs in management reshuffle Read More »

TAIPEI (Reuters) -Taiwan chipmaker TSMC reported a 16.5% rise in first-quarter revenue on Wednesday, beating market expectations and at the high end of the company’s own guidance as its sales boom on demand for artificial intelligence applications. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI …

TSMC’s Q1 revenue rise beats market expectations on AI boom Read More »

By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged for a third straight meeting on Wednesday, resisting repeated calls by the government to lower borrowing costs to help revive Southeast Asia’s second-largest economy. The Bank of Thailand’s (BOT) monetary policy committee voted 5-2 to hold the …

Thai central bank holds key rate, defies government calls for cuts Read More »