By Joyce Lee and Heejin Kim SEOUL (Reuters) -South Korea’s Supreme Court on Thursday sent SK Group Chairman Chey Tae-won’s high-profile divorce case, which required him to pay a record settlement, back to a lower court for review, handing the billionaire businessman a temporary victory. Last year, the Seoul High Court said Chey should pay …
By Dominique Vidalon and Emma Rumney PARIS (Reuters) -French spirits maker Pernod Ricard endured steep declines in all but one of its key markets in the first quarter, it said on Thursday, as global tariffs and weak economies further pressure the embattled spirits sector. Pernod, the world’s second-biggest Western spirits group behind Diageo, said it …
Little cheer for Pernod as US, Chinese quarterly sales slide Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s chief presidential policy adviser said on Thursday he was “optimistic” about talks to finalise a trade deal with the U.S., the latest remark by an official pointing to progress in negotiations that helped fuel an auto-led stock market rally. Kim Yong-beom and Industry Minister Kim Jung-kwan spoke to …
Top South Korean official expresses optimism about US tariff talks, fuelling stock rally Read More »
By Kevin Yao BEIJING (Reuters) -China’s economy likely grew at its weakest pace in a year in the third quarter, with the slowdown set to deepen and threaten the official growth target, a Reuters poll showed, raising pressure for fresh stimulus as a trade war with the U.S. saps confidence. Beijing has rolled out modest …
China’s GDP growth set to dip, raising pressure for more stimulus: Reuters poll Read More »
By Leika Kihara, Makiko Yamazaki and Takaya Yamaguchi (Reuters) -The Bank of Japan should lift interest rates closer to levels deemed neutral to the economy given mounting inflationary pressures, hawkish board member Naoki Tamura said on Thursday. While uncertainty remains over the global economic outlook, there is a strong possibility that the slowdown in overseas …
Hawkish Bank of Japan policymaker calls for more rate hikes Read More »
TOKYO (Reuters) -Shares of Tekscend Photomask climbed nearly 13% in their Tokyo debut on Thursday, riding the wave of gains in Japan’s tech sector. The photomask manufacturer, which produces masks used to transfer patterns onto semiconductor wafers, raised 138.9 billion yen ($920 million) by pricing its initial public offering at 3,000 yen per share, the …
Tekscend Photomask’s shares jump nearly 13% in Tokyo debut on tech optimism Read More »
SINGAPORE (Reuters) -DBS Group, the largest bank in Southeast Asia, said on Thursday that it has partnered with Riyadh-based Banque Saudi Fransi to strengthen trade finance and payment flows between Asia and Saudi Arabia. The partnership, aimed at capitalising on the economic ties within the Gulf Cooperation Council (GCC) region, will involve collaboration on trade …
Singapore’s DBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC Read More »
TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 …
TSMC Q3 profit jumps 39.1% to record, beats expectations Read More »
By Gilles Guillaume and Marie Mannes MUNICH/STOCKHOLM (Reuters) -When French carmaker Renault and China’s Geely carved out their combustion-engine operations in 2022, the venture looked like a footnote to an outdated technology. Now, Horse Powertrain has a new lease of life. The joint venture aims to become the world’s top engine maker by 2035, betting …
Horse power: Renault-Geely engine unit speeds up as EV shift stutters Read More »
By Junko Fujita TOKYO (Reuters) -A rush of foreign money into Japan’s super-long-dated bonds is creating sharper shifts in the usually calm yield curve as recent political chaos and doubts over central bank rate hikes fan investor uncertainty. Changes in the shape of Japan’s government bond (JGB) curve, which charts yield levels across all maturities, …
Foreign money spurs wilder twists in Japan’s sedate bond yield curve Read More »
