Reuters Asia Business

(Reuters) -Singapore’s Keppel reported a more than 25% rise in net profit for the first nine months of the year on Thursday, aided by growth across all its three business segments and higher recurring income, sending its shares to a record high. The net profit growth excludes Keppel’s non-core portfolio for divestment, mainly legacy offshore …

Keppel’s nine-month profit jumps on growth across operations, shares at record high Read More »

BEIJING (Reuters) -U.S. President Donald Trump met China’s leader Xi Jinping on Thursday in a summit the U.S. side said yielded an agreement on a range of trade and technology issues that had ratcheted up tension between the world’s two biggest economies. Chinese state media quoted Xi as saying both had “reached a consensus” on …

Factbox-Key issues at Trump-Xi talks in South Korea Read More »

TOKYO (Reuters) -Japan’s Panasonic Holdings cut its full-year operating profit forecast by 13.5% on Thursday, mainly due to an expected decrease in profit at its key energy unit, which supplies batteries to Tesla and other automakers. Panasonic now expects group operating profit of 320 billion yen ($2.12 billion) for the fiscal year ending March 2026, …

Panasonic cuts full-year profit forecast on weaker outlook for auto battery business Read More »

(Reuters) -The Bank of Japan kept interest rates steady on Thursday but repeated its pledge to continue increasing borrowing costs if the economy moves in line with its projections, shifting investor focus to the prospect of a hike as soon as December. While the central bank roughly maintained its long-term forecasts, it elaborated on overseas …

BOJ Governor Ueda’s comments at news conference Read More »

BEIJING (Reuters) -Tesla will showcase its Cybercab at the China International Import Expo in Shanghai that runs November 5-10, marking the robotaxi’s debut in Asia-Pacific, the automaker’s Vice President Tao Lin said in a Weibo post on Thursday. It remains unclear if Tesla has plans to roll out the Cybercab on Chinese roads. Unveiled by …

Tesla plans Cybercab’s Asia-Pacific debut in Shanghai at November expo Read More »

ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods imposed as a punishment over the flow of fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop …

Trump says US to cut fentanyl tariff to 10% after talks with China’s Xi Read More »

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -South Korea’s Hyundai Motor posted a 29% decline in third-quarter operating profit on Thursday as U.S. tariffs weighed, but said it would maintain full-year targets after Seoul and Washington reached a trade deal. The U.S. is Hyundai’s largest market and generates about 40% of revenue. The automaker’s …

Hyundai Motor retains earnings targets after US tariffs hit Q3 profit Read More »