SEOUL (Reuters) -South Korea’s won climbed against the dollar in late trading, rising 0.5% to 1,425.50 after U.S. President Donald Trump said he reached a trade deal with South Korea. (Reporting by Cynthia Kim; Editing by Bernadette Baum)
TOKYO (Reuters) -Japanese technology group NEC will pay about $2.89 billion to acquire U.S.-based telecoms and broadband software company CSG Systems, it said on Wednesday. The acquisition, expected to close in 2026, will be financed through a combination of cash on hand and external debt, NEC said. It added that the new acquisition would complement …
Japan’s NEC to acquire CSG Systems for $2.89 billion Read More »
TOKYO (Reuters) -Japan’s Sumitomo Corp said on Wednesday it would spend about 881.7 billion yen ($5.85 billion) to turn SCSK, an IT service company, into a wholly owned subsidiary. The Japanese trading house will launch a tender offer on Thursday for 5,700 yen apiece, representing a 32% premium over SCSK’s closing share price on Wednesday. …
Japan’s Sumitomo to spend $5.9 billion to buy IT firm SCSK Read More »
BERLIN/FRANKFURT (Reuters) -German luxury carmaker Mercedes-Benz said carmakers must adapt like “animals” to survive in the fierce global auto market, where price wars in China are squeezing margins and belt-tightening U.S. consumers are cutting back on spending. “The animal that is able to adapt is the one that survives and thrives in evolution,” Chief Executive …
Mercedes CEO seeks ‘animal’ spirit in ferocious China, US markets Read More »
By Trevor Hunnicutt and Eduardo Baptista AIR FORCE ONE/GYEONGJU, South Korea (Reuters) -U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia’s state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday. Sales of the U.S. firm’s high-end AI chips to China, which accounted for 13% of …
Trump says he may speak to China’s Xi about Nvidia’s ‘super-duper’ Blackwell chip Read More »
By Rocky Swift TOKYO (Reuters) -Japan’s Nikkei share average surged past the key 51,000 level for the first time on Wednesday, underpinned by investor optimism over artificial intelligence sector investments. The tech-heavy Nikkei 225 Index closed up 2.2% at an unprecedented 51,307.65, while the broader Topix index slid 0.2% as a rebound in the yen …
Japan’s Nikkei crosses 51,000 for first time on tech optimism Read More »
TOKYO (Reuters) -Japan’s government saw that the economy in October was recovering moderately because of solid capital expenditures in a monthly report issued on Wednesday. The government report also reiterated its cautiously optimistic outlook that the economy, the world’s fourth-largest, is expected to recover gradually led by improving employment conditions but warned of downside risks …
Japan says economy recovering led by capex in October Read More »
BANGKOK (Reuters) -Thailand’s finance minister said on Wednesday that the country has not engaged in currency manipulation, and said the central bank has the tools to manage the currency without resorting to intervention. Finance Minister Ekniti Nitithanprapas also told reporters that the government would put illicit fund movements under more scrutiny by December. “We have …
Thailand has not manipulated currency, finance minister says Read More »
BEIJING (Reuters) -China’s factory activity likely shrank for a seventh month in October, underscoring the need for further stimulus to bolster domestic demand, as producers’ efforts to offload goods abroad merely exported the price wars weighing on them at home. A Reuters poll of 28 economists forecast the official purchasing managers’ index (PMI) would slip …
China’s factory activity expected to fall as demand dwindles: Reuters poll Read More »
KUALA LUMPUR (Reuters) -Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minister said on Wednesday. Speaking in parliament, Minister Tengku Zafrul Aziz dismissed allegations that Malaysia will allow the export of critical …
Malaysia’s ban on raw rare earths exports remains despite U.S. deal, trade minister says Read More »
