Reuters Asia Business

By Asif Shahzad LAHORE (Reuters) -Pakistan’s finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was “very close” and expected in the next 24 hours. Islamabad is racing against time to unlock at least $1.1 billion under the lender’s ninth review of a $6.5-billion Extended Fund Facility …

Exclusive-Pakistan expects IMF deal in next 24 hours – finance minister Read More »

(Reuters) -Chinese food delivery giant Meituan said on Thursday that it is acquiring artificial intelligence (AI) company Light Year from its co-founder and former director Wang Huiwen, in a bid to develop its own generative AI. The deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of …

China’s Meituan to buy artificial intelligence firm Light Year from co-founder Read More »

BEIJING (Reuters) – China’s top market regulator on Thursday issued a regulation on banning the abuse of intellectual property rights (IPRs) to exclude and restrict competition. The regulation, intended to encourage innovation and ensure fair competition, will take effect on Aug 1, the State Administration for Market Regulation said in a statement. (Reporting by Beijing …

China issues regulation on banning IPR abuse to restrict competition Read More »

SEOUL (Reuters) – Confidence among South Korea’s services sector firms has continued to improve, with their outlook for July the most optimistic in nine months, but manufacturers turned a bit pessimistic, a central bank survey showed on Thursday. The business outlook index for the services sector rose to 78 for July on a seasonally-adjusted basis, …

South Korea’s services companies most optimistic in nine months Read More »

BEIJING (Reuters) -About 90% of Boeing’s China 737 MAX jets have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Some planes have been dispatched to regional international routes, Sherry Carbary, president of Boeing China, said in the article. The planemaker’s shares rose …

Boeing says about 90% of China 737 MAX jets have resumed commercial operations Read More »