Reuters Asia Business

Samsung beefs up advanced chip output after memory chip sales hit record high

30 Oct 2025

By Hyunjoo Jin, Heekyong Yang and Joyce Lee SEOUL (Reuters) -Samsung Electronics expects demand for memory chips for the global AI infrastructure build-out to far outstrip the company’s supply, and said on Thursday it will focus on mass producing its most advanced chips to capitalise on the boom. Samsung posted record quarterly revenue from its …

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Japan’s Sojitz begins importing heavy rare earths from Australia

30 Oct 2025

By Yuka Obayashi TOKYO (Reuters) -Japan’s Sojitz has begun importing heavy rare earths from Australia’s Lynas Rare Earths, Sojitz said on Thursday, the first such imports produced from Australian ore separated and refined in Malaysia. The move aims to help Japan secure supplies of key materials used in electric vehicles and renewable energy from sources …

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China’s largest banks report steady profits, but margins shrink

30 Oct 2025

BEIJING/SHANGHAI (Reuters) -Four of China’s largest five state-owned banks reported steady profits on Friday, but their margins came under pressure from a prolonged property slump and sluggish manufacturing. The biggest of the country’s banks have successfully expanded their fee-based income, the slowing economy means low loan demand has led to thinner margins. Industrial and Commercial …

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Singapore to set up company to procure green jet fuel​

30 Oct 2025

(Corrects paragraph 5 to omit mention of “fixed price.”) SINGAPORE (Reuters) -Singapore will procure sustainable aviation fuel through a new company set up by the government, the Civil Aviation Authority of Singapore announced on Thursday, part of its efforts to reduce the costs of cutting flight emissions. Singapore has set a target to raise the …

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StanChart to hit return target early on robust wealth growth

30 Oct 2025

By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) said it would hit a key profitability target a year earlier than expected, after posting better-than-expected third-quarter earnings as its strategy to shift to fee-generating business paid off.  The London-headquartered bank reported on Thursday a pretax profit for the third quarter of $1.77 …

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Alipay+ operator invests in Latin American company

30 Oct 2025

(Reuters) -Singapore’s Ant International, which operates the digital payments interface Alipay+, on Thursday disclosed an investment in Latin America lending company R2 to expand credit access for small and medium-sized enterprises (SMEs) across the region. The investment, the total value of which remains undisclosed, includes a primary capital injection by Ant International and leverages its …

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BOJ chief signals chance of rate hike soon, says wage momentum key

30 Oct 2025

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The Bank of Japan kept interest rates steady on Thursday, with its governor sending the strongest signal yet that a rate hike was possible as soon as December depending on the outlook for wages next year. The yen, however, slumped on selling by investors who had expected …

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