Reuters Asia Business

(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music’s artists and songwriters unlock new revenue and marketing opportunities from TikTok’s more than 1 billion …

TikTok, Warner Music Group to partner in music licensing deal Read More »

By Katya Golubkova and Emily Chow TOKYO (Reuters) – Japan will establish a liquefied natural gas (LNG) reserve system this year to secure gas resources for “unexpected situations”, industry minister Yasutoshi Nishimura said on Tuesday. Japan, the world’s top LNG buyer along with China, is promoting gas as a transition fuel before its economy reaches …

Japan to establish LNG reserves this year; IEA may play bigger role Read More »

SHANGHAI (Reuters) – Semiconductor Manufacturing International Corp (SMIC) said Chairman Gao Yonggang has resigned, marking the latest board level departure from China’s largest chipmaker in recent years as it battles U.S. pressure. Gao, who was appointed as chairman in March 2022 and previously served as the company’s chief financial officer, also resigned from his executive …

China SMIC chairman resigns, replaced by chemical industry veteran Read More »

KUALA LUMPUR (Reuters) -Chinese car maker Geely will invest $10 billion to develop Malaysia’s main auto-making hub, state news agency Bernama quoted Prime Minister Anwar Ibrahim as saying on Tuesday,. Anwar said the plan was conveyed to him in a letter from Geely, which also owns 49.9% of Malaysian car maker Proton, Bernama reported. The …

Malaysia PM says China’s Geely to invest $10 billion in domestic auto hub -report Read More »

By Asif Shahzad ISLAMABAD (Reuters) -China has rolled over a $600 million loan to Pakistan, helping shore up the South Asian country’s foreign exchange reserves on the back of a long-awaited deal with the International Monetary Fund, Prime Minister Shehbaz Sharif said on Tuesday. China has already rolled over more than $5 billion in loans for …

China rolls over $600 million loan to Pakistan Read More »

By Clare Jim HONG KONG (Reuters) – China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for the past two years raises questions about the viability of its restructuring plan and operations, creditors and analysts said. A comment from Evergrande’s auditor that it did not express an opinion on the reports …

Evergrande’s liabilities, depleted coffers raise business viability concerns Read More »