Reuters Asia Business

BEIJING (Reuters) -Chinese electric vehicle giant BYD reported an 18.6% rise in fourth-quarter profit on Tuesday, its slowest since the first quarter of 2022, as EV sales lost momentum in the world’s biggest auto market amid a brutal price war. Net profit totalled 8.67 billion yuan ($1.20 billion) last quarter, with revenue up 15.1% at …

China EV giant BYD posts slowest quarterly profit growth in 2 years Read More »

ISLAMABAD (Reuters) – Seven international investors have expressed interest in Pakistan’s national flag carrier and airports which the South Asian nation has put up for sale, the aviation ministry said on Tuesday. Islamabad plans to sell the Pakistan International Airline (PIA) and outsource three of its airports in a bid to stem losses and generate …

International investors express interest in Pakistan’s PIA, airports Read More »

HONG KONG (Reuters) -UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six years, Chief Executive Sergio Ermotti said on Tuesday. This would be up from around 15% of its $5.2 trillion assets the Swiss banking giant currently manages globally, according to Ermotti who spoke …

UBS to boost Asia-sourced assets to 20% in five to six years, CEO says Read More »

By Joe Cash and Antoni Slodkowski BEIJING (Reuters) -China’s President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his November dinner with U.S. investors in San Francisco. The meeting was proposed by chief executive of U.S. insurer …

China’s Xi Jinping to meet with American executives on Wednesday, sources say Read More »

SEOUL/BEIJING (Reuters) – Chinese state-owned planemaker COMAC’s first wide-body jet is in its “detailed design stage”, an executive said on Tuesday, following a report from the jet’s fuselage manufacturer aiming to deliver the first fuselage section by September 2027. China, through the state-owned Commercial Aircraft Corporation of China (COMAC), has invested heavily in its attempt …

China’s COMAC wide-body C929 jet in ‘detailed design stage’, official says Read More »

TOKYO (Reuters) – Japan’s land prices rose at the fastest pace in 33 years in 2023 and returned to the level seen before the coronavirus crisis, a government survey showed, another sign of an improving economic outlook as the nation plots a path out of years of stagnation. The rise was helped by the economic …

Japan’s land prices rise at fastest pace since 1991 Read More »

By Leika Kihara TOKYO (Reuters) -Japan’s business-to-business service prices continued to rise steadily but a key measure of trend inflation slowed in February, painting a mixed picture on the price outlook that may complicate the central bank’s interest rate hike path. The services producer price index, which measures what companies charge each other for services, …

Japan’s mixed inflation picture complicates BOJ rate hike path Read More »

By Jihoon Lee and Jihyun Jeon SEOUL (Reuters) -South Korea’s consumer sentiment dropped sharply in March on growing worries about higher produce prices, a central bank survey showed on Tuesday, as inflation hitting the dinner table emerges as a major policy issue at next month’s elections. The consumer sentiment index fell to 100.7 in March …

S.Korea consumer sentiment dips as food inflation emerges as top election issue Read More »