Reuters Asia Business

TOKYO (Reuters) -Japan’s new Finance Minister Satsuki Katayama said on Thursday she would not stand by remarks she made in March suggesting the yen’s real value is closer to 120-130 per dollar, citing her current position as minister overseeing currency policy. “In my current position, I obviously can’t endorse my past remarks,” Katayama told broadcaster …

Japan finance minister distances herself from past forex comments Read More »

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Nvidia CEO Jensen Huang met the chiefs of Samsung Electronics and Hyundai Motor during his first official visit in more than a decade to South Korea on Thursday, highlighting the company’s deepening AI ties with its tech and auto industries. The technology tycoon, whose company is caught …

Nvidia’s Huang meets Samsung, Hyundai in deepening of South Korea ties Read More »

TOKYO (Reuters) -Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) in annual operating losses due to the impact of U.S. tariffs and warned that supply chain risks would be the biggest headwind in its fiscal second half. The automaker expected the hit from tariffs would be 25 billion …

Nissan expects $1.8 billion annual operating loss, concerned about supply chain risks Read More »

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan’s top nuclear power operator, Kansai Electric Power, on Thursday lifted its annual profit forecast by 22% on higher electricity demand and stronger-than-expected earnings at its fuel trading unit. For the current fiscal year to end-March 2026, net profit is now seen at 360 billion yen ($2.4 …

Japan’s Kansai Electric lifts profit forecast as demand grows Read More »

NEW DELHI (Reuters) -Indian companies have received licences for importing rare earth magnets from China, India’s foreign ministry said on Thursday, signalling some easing in Beijing’s export control. Rare earths, a group of 17 elements that play a crucial role in cars, planes and weapons, have become one of China’s most powerful tools of leverage …

India says companies have licences to import rare earth magnets from China Read More »

(refiles to remove extraneous word from paragraph 1) HANOI (Reuters) -Vietnamese carrier Vietjet agreed to place multi-billion-dollar orders for 100 planes from Airbus, the companies said in a joint statement on Thursday. Vietjet also announced an order for 40 Rolls-Royce engines, as it seeks to expand its fleet. The deals, which confirmed previous preliminary agreements, …

Vietnamese airline Vietjet orders 100 Airbus jets, 40 Rolls-Royce engines Read More »