Reuters Asia Business

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea’s Hyundai Motor on Thursday predicted slower sales growth this year due to weak demand and economic uncertainties such as interest rates and inflation, signalling further challenges for the auto industry. Hyundai, which with affiliate Kia is the world’s number three automaker by sales, reported a …

Hyundai Motor projects slower growth in 2024 on weak demand, macro uncertainty Read More »

By Selena Li and Xie Yu HONG KONG (Reuters) -Asia’s top financial executives expect geopolitical tensions, the coming U.S election and Beijing’s policy uncertainty to keep shaking investor confidence in China in 2024, as investors target other regional markets such as India for better returns. China is attempting to use policy levers to boost investor …

Geopolitics, elections and policy uncertainty to weigh on China market – financial leaders Read More »

TOKYO (Reuters) -The price of new apartments in Tokyo during 2023 averaged more than 100 million yen annually for the first time ever, pushed up by rising labour and construction costs as well as an influx of foreign investors on the yen’s slide to a multi-decade low. The average price of newly built apartments in …

New Tokyo apartments averaged above 100 million yen in 2023 for first time ever Read More »

(Reuters) – Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 billion, or a discount of around 30% to its valuation about a month back, Bloomberg News reported on Thursday. Shareholders’ stock sales in late 2023 valued Shein between $45 billion …

Shein investors selling stock at 30% discount- Bloomberg News Read More »

By Archishma Iyer (Reuters) – Bearish bets on multiple emerging Asian currencies gained momentum as traders adjusted their bets on early rate cuts by the U.S. Federal Reserve, driving investors to the safe-haven dollar, according to a Reuters poll. Most Asian currencies have been thrown off course from a U.S. dollar short squeeze since the …

Asian FX bears gain momentum as hopes of early US rate cuts wane: Reuters poll Read More »

By Valerie Insinna (Reuters) -Boeing delivered its first 737 MAX to a Chinese airline since March 2019 on Wednesday, flight data showed, ending an almost five-year freeze on imports of the U.S. planemaker’s most profitable product in a respite for severely strained trade relations between the world’s two largest economies. The delivery represents a vote …

Boeing delivers 737 MAX jet to China, a vote of confidence amid turmoil Read More »

By Valerie Insinna WASHINGTON (Reuters) – Boeing was set to deliver its first 737 MAX to a Chinese airline since March 2019 on Wednesday, flight data shows, ending a four-year freeze for the U.S. planemaker’s most profitable jet. Here is a timeline of events leading to the restart of Boeing 737 MAX deliveries in China: …

Boeing 737 MAX returns to China Read More »

TOKYO (Reuters) – Japan’s Nippon Steel Executive Vice President Takahiro Mori has met U.S. Congress members to discuss acquisition of U.S. Steel, the company said, as it faces strong resistance to the deal. The world’s fourth-largest steelmaker’s planned $14.9 billion deal has drawn criticism from Democratic and Republican lawmakers and the powerful United Steelworkers (USW) …

Japan’s Nippon Steel exec meets US Congress members amid US Steel deal Read More »

STOCKHOLM (Reuters) -Finnish telecom gear maker Nokia said on Wednesday it had signed a 5G patent cross-licensing deal with Chinese device maker Oppo that resolves patent litigation between the companies. Nokia has been involved in legal disputes with several Chinese tech firms, including Oppo and Vivo, over patent payments. The Finnish group recently signed an …

Nokia and China’s Oppo resolve disputes through cross-license deal Read More »