By Chen Aizhu, Siyi Liu and Florence Tan SINGAPORE (Reuters) -Several suppliers have cancelled sales of Middle Eastern and Canadian oil to China’s Yulong Petrochemical after the UK imposed sanctions on the refiner, which is likely to push it to buy more Russian crude, multiple sources familiar with the deals said. The refiner, China’s newest …
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union group said on Thursday it would seek wage hikes of 5% or more in 2026, aiming for bumper pay raises for the fourth consecutive year to counter inflation despite headwinds from U.S. tariffs. The 5% increase is the same as what Rengo, a …
Japan’s top union group seeks 5% wage hike despite US tariffs Read More »
TAIPEI (Reuters) -Taiwan’s economy could grow more than 3% next year given demand for artificial intelligence (AI) applications continues at a rapid clip, Economic Affairs Minister Kung Ming-hsin said on Thursday, offering a rosier outlook than previous forecasts. Last month, Taiwan’s central bank predicted the economy next year could expand 2.68%, down from an estimated …
Taiwan optimistic about 2026 economic growth exceeding 3% on AI boom Read More »
BEIJING (Reuters) -Alibaba launched a new AI chatbot assistant service on Thursday, refreshing its push into a consumer-facing space that is dominated by ByteDance and Tencent. The Chinese e-commerce firm integrated the chat assistant into its Quark app, a platform that began as a browser but has been repositioned this year as Alibaba’s flagship consumer …
Alibaba launches AI chatbot service in renewed consumer push Read More »
(Reuters) -Foreigners channelled investments into Japanese stocks for a third consecutive week ended October 18 in anticipation of a victory for fiscal dove Sanae Takaichi at the parliamentary vote to become the country’s first female prime minister. Foreigners snapped up Japanese stocks worth a net 752.6 billion yen ($4.99 billion) during the week, adding to …
Foreign investors pile into Japan stocks ahead of historic PM vote Read More »
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan is warily watching whether China could seek to try and exert economic control over sensitive frontline Taiwanese islands in a key development plan being discussed in Beijing this week, officials familiar with the matter said. China’s ruling Communist Party, at its closed-door meeting ending Thursday known …
MANILA/SINGAPORE (Reuters) -Philippine water utility Maynilad Water Services Inc kicked off the offer period on Thursday for its initial public offering worth up to 34.3 billion pesos ($590 million) after securing regulatory approval, with shares priced at 15 pesos each. Maynilad, the largest private water concessionaire in the Philippines, said in a statement on Thursday …
Maynilad Water kicks off Philippine IPO offer, eyes up to $590 million Read More »
SEOUL (Reuters) -Brian Kemp, the governor of the U.S. state of Georgia, plans to meet with South Korean business leaders this week, including executives from Hyundai Motor and LG Energy Solution, months after an immigration raid in the state detained hundreds of Korean workers, the Maeil Business Newspaper said on Thursday. Kemp’s visit comes after …
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Kasidit Teerawiboosin, 22, has ridden the wave of Labubu’s success as a reseller in Thailand of toys from Pop Mart, but the days of easily making money flipping the toothy-grinned monsters are numbered. “Prices in the Thai resale market are going down really, really, really fast,” said …
Labubu resale price falls may be more about supply than demand Read More »
(Reuters) -Las Vegas Sands on Wednesday topped Wall Street expectations for third-quarter profit on strong demand from both its Singapore and Macau businesses, sending its shares up more than 6% after the bell. The Nevada-based company — which operates integrated resorts and casinos, such as Marina Bay Sands in Singapore, and six properties in Macau, …
Las Vegas Sands beats quarterly profit estimates on strong Singapore, Macau businesses Read More »
