Reuters Asia Business

SHANGHAI/SINGAPORE (Reuters) – China is using loans agreed through its Belt and Road Initiative (BRI) to promote the yuan internationally, having already boosted the yuan’s share of global payments to record levels. During the Belt and Road Forum in Beijing that ended on Wednesday, China’s policy banks signed a series of yuan-denominated loan contracts with …

China ramps up yuan internationalisation under Belt and Road Initiative Read More »

By Vladimir Soldatkin MOSCOW (Reuters) – Igor Sechin, the powerful head of energy giant Rosneft, said on Thursday that Russian pipeline oil exports to China are safe as they avoid the troubled routes of the Middle East which major powers fear is on the brink of a regional war. “In the context of the events …

Sechin lauds safety of Russian oil sales to China amid chaos in the Middle East Read More »

(Reuters) -Meta Platforms said on Wednesday it will roll out broadcast channels, a feature for public distribution of messages from individuals, to Facebook and Messenger. Social media firms are bringing in more features to shore up engagement across apps in a highly competitive online environment. The announcement comes as rival messaging app Telegram’s broadcast channels …

Meta to roll out broadcast channels to Facebook, Messenger Read More »

By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla’s third-quarter gross margin shrank from a year earlier, slightly missing Wall Street estimates, as the electric automaker slashed prices to boost demand in the face of higher interest rates. But the company on Wednesday stuck to its annual production target of 1.8 million vehicles, suggesting the …

Tesla slightly misses estimates on margin, sticks to production goal Read More »

(Reuters) – Las Vegas Sands Corp reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and retail sales. Shares of the casino operator, which has operations in Macau and Singapore, rose 5.13% in trading after the bell. Both Macau …

Las Vegas Sands beats Wall Street estimates on ongoing tourism recovery in Macau Read More »