Reuters Asia Business

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive …

Exclusive-IMF to urge China to shift growth model towards consumption, Georgieva says Read More »

By Manya Saini and Caroline Valetkevitch (Reuters) -Shares of SoftBank’s Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip designer at $65 billion. The stock fell 4.5% to end at $60.75, after trading as high as $69 earlier in the session. Major U.S. …

SoftBank’s chip designer Arm ends down, day after $65 billion Nasdaq debut Read More »

DUBLIN (Reuters) – TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead regulator in the bloc said on Friday. The Chinese-owned short-video platform, which has grown rapidly among teenagers around the world in recent years, breached a number …

TikTok fined 345 million euros over handling of children’s data in Europe Read More »

By Andrew Hayley and Qin Ningwei BEIJING (Reuters) – China will actively expand the use of geothermal energy, Vice Premier Zhang Guoqing told a conference on Friday, as the world’s biggest energy consumer seeks to adopt cleaner sources of power for heating. China will also increase the scale of wind and solar power projects, while …

China to step up geothermal energy development in clean heating push Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Options contracts on SoftBank’s Arm Holdings, will debut on Nasdaq’s exchanges on Monday, offering investors a new way to bet on the fortunes of the year’s biggest initial public offering. Nasdaq plans to list options on Arm Holdings across all six of its exchanges, a spokesperson for the …

Arm Holdings options to come to market starting Monday Read More »

By Elizabeth Howcroft and Raphael Satter LONDON (Reuters) – Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto …

Blockchain analysts suspect N. Korea-linked hackers behind $70m crypto theft Read More »

By Brenda Goh and Yuvraj Malik (Reuters) -Buyers of Apple’s new iPhone 15 Pro Max in some countries including China, Japan and the United States may have to wait until November to get the smartphone, an early sign of strong demand for the company as it started taking pre-orders on Friday. The indications are likely …

Apple pushes iPhone 15 Pro Max deliveries to November in sign of strong orders Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Hitachi has offered to sell assets in France and Germany as well as its core train control technology to gain EU antitrust approval for its 1.7 billion euro ($1.8 billion) buy of Thales’ GTS railway signalling business, a person with direct knowledge of the matter said on Friday. The …

Exclusive-Hitachi offers to sell assets to win EU okay for Thales rail deal Read More »