Reuters Asia Business

By Sam Nussey TOKYO (Reuters) – Japan’s Advantest Corp said on Wednesday it expects growing use of high-end semiconductors for generative artificial intelligence applications to drive demand for its chip testing machines. “We can expect rapid growth in demand. However, we still don’t have concrete visibility,” Advantest CEO Yoshiaki Yoshida told an earnings briefing. Advantest, …

Japan’s Advantest sees AI driving demand for chip testing Read More »

By Marc Jones LONDON (Reuters) -The most comprehensive survey of the global investment industry on central bank digital currencies to date has shown both limited support and a lack of understanding of how a digital dollar, euro, yen or pound would work. The survey carried out by the CFA Institute, a worldwide association for bankers, …

Limited support for central bank digital currencies in global investment industry survey Read More »

(Reuters) -Lynas Rare Earths Ltd said on Wednesday it had approached Malaysia’s top court to review its license to operate in the country, which has a condition that bars the miner from importing and processing lanthanide concentrate from January. The Australian company’s application comes after the Malaysian minister of science and technology dismissed the company’s …

Lynas Rare Earths asks Malaysia court to review license Read More »

JAKARTA (Reuters) – Indonesia is developing a scheme for banks to provide a financing facility for exporters who keep their earnings onshore, after business groups complained that new rules made it harder to cover operational costs, a government official said. Under a rule introduced earlier this month, natural resource exporters must retain for three months …

Indonesia to make it less painful for exporters to keep earnings onshore -official Read More »

By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea’s Hyundai Motor Co raised its annual sales and profit margin guidance on Wednesday, after recording a 15% rise in quarterly net profit helped by a weaker won currency, robust sales of electric vehicles (EVs) and increased production. The world’s No.3 automaker by sales together with …

Hyundai Motor lifts full-year outlook as Q2 profit up 15% Read More »

TOKYO (Reuters) – The Bank of Japan (BOJ) will maintain accommodative monetary conditions for companies, Governor Kazuo Ueda was quoted as saying at a key government meeting on Wednesday. While dollar/yen moves have been somewhat volatile due to U.S.-Japanese interest rate differentials, Japan’s long-term interest rates have moved sideways under the BOJ’s yield curve control …

Japan to maintain accommodative policy – govt official quotes BOJ’s Ueda Read More »

SEOUL (Reuters) – South Korean consumers’ sentiment improved for a fifth consecutive month to a 15-month high in July, with their inflation expectations resuming a decline, a central bank survey showed on Wednesday. The consumer sentiment index rose to 103.2 in July, from 100.7 in June, and was the highest reading since April 2022, the …

South Korea consumer sentiment climbs for fifth month Read More »

By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the financial year ended March. Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was …

Singapore’s GIC bets on China after scoring 8-year-high returns Read More »

(Reuters) -Analog chipmaker Texas Instruments forecast third-quarter revenue and profit below Wall Street targets on Tuesday, bogged down by sluggish recovery in consumer and enterprise demand that has kept clients from placing fresh chip orders. Wobbly China recovery after the country put an end to its “zero-COVID” policy has also prevented demand from rebounding quickly. …

TI forecasts dull third quarter on sluggish chip demand, China weakness Read More »

By Danielle Broadway LOS ANGELES(Reuters) – Fans who play Pokemon late into the night have a new incentive to get to bed in the form of a sleep app that rewards them with the franchise’s signature monsters. Pokemon Co, Niantic and Nintendo, the companies behind the wildly popular Pokemon Go augmented reality mobile game, released …

Counting Pikachus: Pokemon sleep app entices fans to go to bed Read More »