Reuters Asia Business

By Tassilo Hummel and Mimosa Spencer PARIS -LVMH’s sales increased by 1% in the third quarter, driven by improved demand in China, offering some solace to a luxury goods sector grappling with a prolonged slump. The rise reported by LVMH on Tuesday represents the first quarter of growth this year for the world’s largest luxury …

LVMH sales return to growth as China demand improves Read More »

By Che Pan and Brenda Goh BEIJING (Reuters) -Apple’s shipments in China grew 0.6% from a year earlier to 10.8 million units in the third quarter amid sluggish demand in China’s smartphone market, according to data issued by research firm IDC on Wednesday. Apple, which had the second-highest tally of shipments during the period, held …

Apple’s shipments in China boosted by iPhone 17 series Read More »

By Joyce Lee SEOUL (Reuters) -China’s sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday. The move, announced on Tuesday when the U.S. and China began charging additional port fees …

China’s sanctions against US-linked Hanwha units seen as warning gesture, analysts say Read More »

(Reuters) -Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s tariffs on imported goods. Below are some of the plans flagged by those companies. AIR LIQUIDE The French industrial gases company flagged an up to $200 …

Factbox-Foreign companies eye US expansion to lessen fallout from tariffs Read More »

BANGKOK (Reuters) -Thailand will introduce new incentives to boost domestic travel, Finance Minister Ekniti Nitithanprapas said on Wednesday, as the government steps up efforts to revive a sluggish economy amid early signs of improving sentiment. The incentives, which include soft loans and tax measures, were discussed at a meeting of the economic policy committee and …

Thailand draws up measures to boost tourism as stimulus efforts continue Read More »

SINGAPORE/BEIJING (Reuters) -China’s Communist Party meets this month to map a five-year vision that prioritises high-tech manufacturing in its quest to upgrade its sprawling industries and project global power as its rivalry with the U.S. intensifies, analysts say. Known as a plenum, the meeting is also likely to pledge strong measures to lift household consumption …

Analysis-China to keep its ‘all about production’ economic playbook as rivalry with US intensifies Read More »

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Japanese e-commerce and finance heavyweight Rakuten is weighing an initial public offering in the United States of its credit card business, according to two sources familiar with the matter. Rakuten began considering a potential U.S. listing of one of Japan’s largest credit card businesses last month, the …

Exclusive-Japan’s Rakuten weighing US IPO of credit card business, sources say Read More »

HANOI (Reuters) -Vietnam’s ruling Communist Party is targeting faster annual economic growth over the next five years, despite potentially “severe” economic challenges, according to a draft document prepared for its upcoming congress. The party expects the country’s economy to grow by at least 10% a year over the 2026-2030 period, according to the document released …

Vietnam Communist Party targets faster growth for next five years amid challenges Read More »