Reuters Asia Business

PARIS (Reuters) – Chinese tech giant Huawei said on Thursday a search took place at its French office two days ago, confirming earlier reports from local media about a raid by France’s PNF prosecution office linked to potential embezzlement charges. “Huawei has cooperated fully with the investigations and will continue to do so. Huawei has …

French authorities searched Huawei offices over financial wrongdoings – reports Read More »

BEIJING (Reuters) – China’s central bank on Thursday said it would keep policy flexible and precise to boost domestic demand, while maintaining price stability, amid signs of a patchy economic recovery and rising deflationary risks. In its quarterly policy implementation report, the People’s Bank of China said the authorities face some difficulties and challenges in …

China’s central bank to keep policy support for economy Read More »

By Maha El Dahan and Anousha Sakoui DUBAI/LONDON (Reuters) – Saudi Arabia is poised to sell more shares of energy giant Aramco, three people familiar with the matter said, which could boost to the country’s funding and its aim to wean the economy away from oil. The government has lined up Citigroup, Goldman Sachs and …

Saudi Arabia poised for new Aramco share sale – sources Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Chinese online social media platform TikTok has challenged a supervisory fee amounting to 0.05% of its annual worldwide net income to cover EU regulators’ costs of monitoring compliance with new EU rules, the second company to do so after Meta Platforms. Under the Digital Services Act (DSA), 20 …

TikTok challenges EU supervisory fee, following Meta’s footsteps Read More »

By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group returned to profit for the first time in five quarters on Thursday, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of retrenchment. Net profit totalled 985.5 billion yen ($6.6 billion) in the three …

SoftBank posts first profit in five quarters with $6.6 billion net income Read More »

MANILA (Reuters) – Philippine Finance Secretary Ralph Recto said on Thursday he does not expect a future interest rate hike with inflation easing and expects rates to go down in the second half of the year. “I don’t expect a future rate hike because inflation is going down …I think our policy rates today are …

Philippines finance secretary not expecting future rate hike Read More »