Reuters Asia Business

TOKYO (Reuters) -Toyota Motor plans to produce about 10.3 million vehicles globally in 2024, renewing its record annual production for the second consecutive year, the Nikkei reported on Monday. Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei …

Toyota aims to produce about 10.3 million vehicles globally in 2024 – Nikkei Read More »

(Reuters) – Boeing faces a fresh delay in the resumption of deliveries of 737 MAX jets to China after the mid-air blowout of a panel on an Alaska Airlines MAX 9 this month, the Wall Street Journal reported on Sunday. China Southern Airlines had been readying to receive MAX planes in January, but it plans …

Boeing 737 MAX deliveries to China face fresh delay after Alaska incident -WSJ Read More »

By Josh Ye HONG KONG (Reuters) -Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market. The U.S. tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited …

Apple offers iPhone 15 at rare discount in China as competition intensifies Read More »

By Eduardo Baptista BEIJING (Reuters) – Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the U.S. from export to China, a Reuters review of tender documents show. The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite …

Exclusive-China’s military and government acquire Nvidia chips despite US ban Read More »

By Makiko Yamazaki TOKYO (Reuters) -Less than half of companies on the Tokyo Stock Exchange’s (TSE) top section have answered a bourse call to disclose plans to improve capital efficiency, the TSE said on Monday, as it released for the first time a list of those who had complied. The list – which notably did …

Some 40% of Tokyo companies disclose capital plans, as investors hope for big changes Read More »

By Kevin Buckland TOKYO (Reuters) -Japan’s Nikkei share average on Monday crossed the 36,000 mark for the first time in 34 years, powered by shippers and financials, with a retreat in U.S. bond yields and a stabilisation in the yen exchange rate buoying sentiment. The Nikkei finished the day nearly 1% higher at 35,901.73, after …

Japan’s Nikkei hits 34-year peak above 36,000 as shippers rally Read More »

SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent. The country, home to the world’s top memory chipmakers Samsung Electronics and SK Hynix, aims to expand tax breaks and support to raise …

South Korea’s Yoon pledges to extend tax benefits for chip investments Read More »

By Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 4.6% in 2024, and cool further to 4.5% in 2025, a Reuters poll showed, raising the heat on policymakers to roll out more stimulus measures amid deflationary pressures and a severe property slump. Gross domestic product (GDP) likely grew 5.2% in …

China growth seen slowing to 4.6% in 2024, raising heat on policymakers – Reuters poll Read More »