Reuters Asia Business

BENGALURU (Reuters) -Japan’s SoftBank Group will likely sell shares in Indian food delivery firm Zomato as the lock-in for investors post the company’s acquisition of Blinkit ends on Aug. 25, CNBC-TV18 reported on Friday, citing sources. Zomato, which acquired the quick grocery-delivery startup Blinkit for 44.47 billion rupees ($538.05 million) last year, had issued a …

Japan’s SoftBank will likely sell shares in India’s Zomato – CNBC-TV18 Read More »

(Reuters) -Saudi Arabia is considering a Chinese bid to build it a nuclear power plant, the Wall Street Journal reported on Friday, a decision that could derail U.S. plans in the kingdom. State-owned China National Nuclear Corp (CNNC) has bid to build a nuclear plant in Saudi Arabia’s Eastern Province, near the border with Qatar …

Saudi Arabia considers Chinese bid for nuclear plant -WSJ Read More »

By Josh Ye HONG KONG (Reuters) – Chinese online content platforms including Tencent Music and NetEase’s Cloud Music have removed live streaming features that analysts say could be used for illegal gambling, at a hefty cost to their quarterly revenues. Analysts say online content platforms pulled the plug on features such as virtual lucky draws …

China online platforms scrap lucky draw features amid gambling crackdown Read More »

TOKYO (Reuters) -More than 700 Japanese food exporters are affected by China’s suspension of seafood imports from Japan after the release of water from the wrecked Fukushima nuclear plant, a report by market research firm Teikoku Databank said on Friday. Japan started the discharge of more than 1 million cubic tons of treated radioactive water …

More than 700 Japanese exporters hit by China’s seafood ban -Teikoku Databank Read More »

TOKYO (Reuters) – Japanese ministries’ budget demands for the next fiscal year will likely top 110 trillion yen ($753 billion), the Nikkei business daily reported on Friday, with rising interest rates expected to boost debt servicing costs. The annual budget requests, to be submitted to the finance ministry by the end of August, highlight the …

Japan budget requests likely to top 110 trln yen as rates rise – Nikkei Read More »

By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement manager to look overseas as the country’s pension sector outgrows the home market. The move will put Australian Retirement Trust (ART), which has …

Australia’s second-largest pension fund to open London office by mid-2024 Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thai exports shrank for a 10th consecutive month in July, and by a far bigger rate than expected, as global demand remains sluggish, and the commerce ministry said on Friday it would be difficult to meet its full-year export growth target. Customs-based exports, a key driver …

Thai exports drop more than forecast in July, seen rising in Q4 Read More »

By David Lawder PROVIDENCE FORGE, Virginia (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday that China’s economic weakness may cause difficulties for some developing economies and regions that depend on it for growth, but added the U.S. economy is well positioned to weather headwinds this will create. Adeyemo told Reuters during a …

Exclusive-Deputy Treasury chief Adeyemo says US well-prepared to weather China headwinds Read More »

By Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina HONG KONG/SINGAPORE/WASHINGTON (Reuters) – For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to U.S. interests and technological supremacy. Two years after it stopped promoting the Thousand Talents Plan (TTP) amid …

China quietly recruits overseas chip talent as US tightens curbs Read More »