Reuters Asia Business

By Kane Wu (Reuters) -Chinese private equity firm Boyu Capital has emerged as the frontrunner to buy a controlling stake in Starbucks’ China business in a deal that could value the unit at more than $4 billion, Bloomberg News said on Tuesday. Boyu stayed on in the bidding process after its final contender Carlyle Group …

Boyu Capital leads race for stake in Starbucks China, Bloomberg News reports Read More »

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent urged Japan’s government on Wednesday to give the central bank scope to raise interest rates, escalating his warning to Tokyo against keeping the yen too weak through prolonged low borrowing costs. The dollar fell 0.3% to 151.59 yen after the comments, which …

Bessent urges Japan government to give BOJ scope to raise interest rates Read More »

By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -South Korea’s SK Hynix has sold out all its chip production for next year and plans to sharply boost investments, expecting an extended chip “super cycle” spurred by the AI boom, it said on Wednesday after reporting a record quarterly profit. The company, which supplies …

Nvidia-supplier SK Hynix bets on chip ‘super cycle’ after booking record profit Read More »

GYEONGJU, South Korea/Seoul (Reuters) -Amazon Web Services will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres, South Korea’s presidential office said on Wednesday, leveraging Seoul’s ambition to become an AI hub in Asia. The announcement was made during AWS Chief Executive Officer Matt Garman’s meeting with …

Amazon subsidiary to invest $5 billion in South Korea, presidential office says Read More »

(Adds dropped word in APEC title in paragraph 2) GYEONGJU, South Korea (Reuters) -South Korean President Lee Jae Myung said on Wednesday that the global economy was facing a crisis of rising protectionism and nationalism. Speaking at the Asia-Pacific Economic Cooperation forum (APEC) CEO summit, Lee said South Korea would lead multilateral cooperation to seek …

South Korea’s President Lee warns protectionism and nationalism are rising Read More »

SEOUL (Reuters) -South Korean President Lee Jae Myung sits down with U.S. President Donald Trump for the second time in two months on Wednesday, with crucial trade and security issues that could chart the future of their 72-year alliance at stake. The following are some issues that are likely to top the agenda of their …

Factbox-Key issues at stake in Trump-Lee summit in South Korea Read More »

By Johann M Cherian (Reuters) -Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race. Its stock briefly reached $269.89, giving Apple a market …

Apple hits $4 trillion market value as new iPhone models revitalize sales Read More »