Reuters Asia Business

By Krystal Hu (Reuters) – SK Telecom, South Korea’s largest telco, is partnering with U.S. AI startup Perplexity to offer the artificial intelligence-based search engine to its users as an alternative to Google and Naver, the companies told Reuters. The partnership would allow SK Telecom’s subscribers to use the paid version of Perplexity for free, …

SK Telecom partners with AI search startup Perplexity in Korea Read More »

JAKARTA (Reuters) – Indonesia has allocated an additional rice import quota of 1.6 million metric tons for 2024, after shipping in near record volumes in last year, as dryness linked to the El Nino weather pattern delayed harvest at home. The latest import quota, which is on top of 2 million tons previously approved for …

Indonesia allocates 1.6 million metric tons additional rice import quota this year Read More »

TOKYO (Reuters) – The Tokyo Stock Exchange will require all companies listed on the top-tier Prime market to disclose key financial statements both in Japanese and English starting from April 2025, the bourse said on Monday. The move is part of the TSE’s move to attract more foreign investors and to improve listed companies’ corporate …

Tokyo bourse to require Japanese and English disclosures for top firms Read More »

HONG KONG (Reuters) – French fashion label Christian Dior has postponed its planned mega fashion show in Hong Kong due to be held in March, the government said on Monday, without giving a reason for the decision. The event was widely anticipated by many in the luxury sector after a high profile show from Louis …

Christian Dior postpones much anticipated Hong Kong show Read More »

By Hadeel Al Sayegh and Utkarsh Shetti (Reuters) -Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has struck a $1 billion deal with Goldman Sachs to go after private credit deals in Asia, the companies said on Monday. Mubadala and the U.S. bank agreed on a partnership to co-invest in private credit opportunities in the …

Goldman Sachs, Mubadala sign $1 billion private credit Asia-Pacific partnership deal Read More »

By Jihoon Lee and Ju-min Park SEOUL (Reuters) -South Korea announced on Monday a reform plan for listed companies to boost shareholder returns in an effort to reduce the “Korea discount” on stock prices, but the eagerly-awaited proposals fell short of market expectations. South Korea is using Japan’s playbook to boost the value of its …

S.Korea unveils reform steps to tackle ‘Korea discount’; traders not convinced Read More »

(Reuters) – Chinese consumer electronics maker Xiaomi on Sunday launched for international markets its new AI-enhanced and photography-geared 14 Series smartphone, along with other wearable gadgets. The new Xiaomi 14 Ultra phone, which expands on the company’s partnership with German camera-maker Leica, includes a quad-camera configuration, while its more compact version, the Xiaomi 14, has …

Xiaomi launches new photo-geared 14 Series smartphone Read More »