WASHINGTON (Reuters) – The U.S. Treasury Department is aware of a cybersecurity issue at Industrial and Commercial Bank of China that has affected the Treasury market, and is in regular contact with key financial sector participants and regulators, a spokesperson said on Thursday. The Treasury issued the statement following a Financial Times report that a …
By David Lawder SAN FRANCISCO (Reuters) -The United States is aiming to show that its key Asian economic initiative is making progress as Pacific Rim leaders gather in San Francisco next week, but significant holes remain on trade-related chapters, according to people familiar with the talks. Negotiators from 14 countries are racing to close out …
Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit Read More »
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -The Philippine economy rebounded strongly in the third quarter, supported by a recovery in government spending, but higher interest rates and weak global growth could make it difficult to sustain the momentum. Gross domestic product (GDP) grew by 5.9% in the September quarter from last year, …
Philippines posts forecast-beating Q3 growth but risks remain Read More »
BEIJING (Reuters) – Chinese carrier China Southern Airlines said on Thursday it would honor the sale of tickets priced as cheaply as $1.30 during a two-hour technical glitch on its mobile phone app and some ticket-booking platforms late on Wednesday. Consumers began reporting on Chinese social media at around 8 p.m. (1200 GMT) on Wednesday …
China Southern to honour $1.30 flight tickets sold during glitch Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Global energy trader Gunvor is exiting fuel oil storage at the PetroSeraya terminal in the Asian oil hub of Singapore, with a Sinopec unit set to take over the space, several market sources told Reuters. The Geneva-based trader’s exit comes after more than a decade of storing fuel oil …
Gunvor drops PetroSeraya fuel oil storage in Singapore, Sinopec to take over Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore Airlines low-cost subsidiary Scoot is considering extending the lease of some Airbus A320ceo aircraft due to problems with their Pratt & Whitney engines, Chief Executive Leslie Thng said. “We have some flex in terms of the A320ceos that we are returning next year in 2024, so we are …
Singapore’s Scoot looking into extending A320ceo lease due to Pratt engine issues Read More »
By Anton Bridge TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of the once high-flying WeWork and wrote down the value of tech investments. It was a fresh reminder of the volatility inherent in …
SoftBank books $5.2 billion quarterly loss as WeWork, tech investments bite Read More »
By Sam Nussey TOKYO (Reuters) -Sony’s operating profit fell 29% in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions. Profit for the quarter was 263 billion yen ($1.74 billion). That compared with a 306 billion yen estimate from 10 analysts polled by LSEG. The …
Sony profit slides on chip slump, keeps PS5 sales target Read More »
TOKYO (Reuters) -Japan’s Nissan Motor reported on Thursday it had more than doubled its operating profit for the July-September quarter, beating analysts’ estimates, boosted by steady sales in North America and Japan and a weaker yen. The company reported a 127% rise in July-September operating profit to 208.1 billion yen ($1.38 billion), compared with an …
Nissan more than doubles Q2 operating profit, beating estimates Read More »
SHANGHAI (Reuters) -Nvidia is planning to release three new chips for China, local media reported on Thursday, weeks after the U.S. blocked it from selling two high-end artificial intelligence (AI) chips and one of its top gaming chips to Chinese firms. The STAR Market Daily news outlet, citing people familiar with the matter, said that …
Nvidia plans to release three new chips for China – local media Read More »
