Reuters Asia Business

By Joe Cash BEIJING (Reuters) – China’s government devoted the week to a red carpet welcome for foreign executives to try to halt a retreat in corporate investment from a market once seen as the engine of global growth. But many executives leave China with a shared caution: while things may not be getting worse, …

China’s red carpet draws CEOs but few expect their money to follow Read More »

By Ryan Woo BEIJING (Reuters) – A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has long shunned. But most analysts say the People’s Bank of China (PBOC) will stick with traditional tools …

Old Xi Jinping speech sparks China monetary easing speculation Read More »

TOKYO (Reuters) – Japan’s Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying. The index hit successive record highs this month, after breaking levels on Feb. 22 last seen in 1989 during the country’s bubble economy. The rally was …

Japan’s Nikkei posts biggest point gain for fiscal year Read More »

TOKYO (Reuters) – Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The deal comes out of talks about a battery supply partnership for electric vehicles that Mazda and Panasonic Energy started in June last year. Panasonic Energy also makes batteries for …

Mazda and Panasonic’s energy unit sign auto battery supply agreement Read More »

HANOI (Reuters) -Vietnam’s gross domestic product grew 5.66% in the first quarter from a year earlier as exports boomed, government data showed on Friday, despite higher shipping costs due to turmoil in the Red Sea. Growth in the January-March quarter was faster than the expansion of 3.41% in the corresponding period last year, but slower …

Vietnam economy expands 5.66% in first quarter as exports boom Read More »

By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from U.S. sanctions. Revenue rose 9.63% from a year earlier to 704.2 billion yuan ($97.48 billion), with …

China’s Huawei continues rebound with strongest earnings growth since 2019 Read More »

By Orathai Sriring and Panu Wongcha-um BANGKOK (Reuters) -A bill that would legalise casinos in Thailand could be passed in the current government’s term, an official said on Friday, as the prime minister backed a move he said would create jobs and revenue and regulate a thriving illicit gaming sector. Casinos are illegal in Thailand …

Thailand presses case for casinos to boost revenues, tourism and jobs Read More »

BANGKOK (Reuters) – Thailand’s economy expanded slowly in February with growth in the service sector and an increase in tourist arrivals offseting a fall in exports from the previous month, the Bank of Thailand (BOT) said on Friday. Thailand recorded a current account surplus of $2 billion in February, after a deficit of $0.2 billion …

Thai economy expands slowly in February, helped by tourism, central bank says Read More »