By Liang-sa Loh and Faith Hung TAIPEI (Reuters) – Taiwan’s exports fell for a fifth straight month in January due to a deteriorating global economy and factory closures during the long Lunar New Year holiday, with the outlook remaining poor in the short term. Exports dropped 21.2% by value last month from a year earlier …
Taiwan Jan exports down for 5th month, China shipments slump Read More »
SHANGHAI (Reuters) – Chinese artificial intelligence stocks are the latest rage in mainland markets as the global frenzy around the Microsoft-backed ChatGPT chatbot spurs speculative bets on the revolutionary computing technology. Just two months after its launch, ChatGPT – which can generate articles, essays, jokes and even poetry in response to prompts – has been …
ChatGPT mania pumps up Chinese AI technology stocks Read More »
By Xinghui Kok SINGAPORE (Reuters) – Malaysia’s AirAsia plans to take on lease 15 additional aircraft to meet travel demand from China now that it has reopened its borders, the CEO of the budget carrier’s parent company Capital A said. “We are so bullish on growth that we’re in negotiations now to sign 15 new …
AirAsia to lease 15 new planes to meet demand driven by China’s reopening Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China’s reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and EM …
Emerging market funds see big inflows in January on China reopening Read More »
TOKYO (Reuters) -Japanese video game maker Nintendo Co Ltd said on Tuesday it plans to lift workers’ base pay by 10% even though a firmer yen forced it to trim its full-year profit forecast. The hefty pay hike comes amid calls by Prime Minister Fumio Kishida for Japanese companies to pay workers more as inflation …
Nintendo promises 10% pay hike even as it trims profit outlook Read More »
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina is targeting oil and gas lifting in 2023 of around 900,000 barrels of oil equivalent per day (boepd), up 5% from the previous year, chief executive Nicke Widyawati told a parliamentary hearing on Tuesday. Pertamina’s upstream unit, Pertamina Hulu Energi, is planning to spend $5.7 billion in …
Indonesia’s Pertamina targets 5% increase in 2023 oil and gas lifting Read More »
By Kiyoshi Takenaka TOKYO (Reuters) -SoftBank Group Corp on Tuesday booked a net loss for October-December, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter while a global tech sell-off battered valuations of its portfolio companies. The Vision Fund, which upended the world of technology with its big …
SoftBank posts loss as Vision Fund in the red for fourth straight quarter Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a larger interest rate hike to tame prices when it meets this month. The consumer price index (CPI) …
Philippine inflation beats expectations, lifts chance of bigger rate hike Read More »
By Ariba Shahid KARACHI, PAKISTAN (Reuters) -Alibaba-owned e-commerce platform Daraz Group is reducing its workforce by 11% to prepare for the ‘current market reality’, Chief Executive Officer Bjarke Mikkelsen said. In a letter to its employees on Monday and shared on the company’s website, Mikkelsen cited a difficult market environment, with a war in Europe, …
Alibaba-backed Pakistani e-commerce platform Daraz cuts workforce by 11% Read More »
TAIPEI (Reuters) – Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being impacted by those strains. China, which views democratically-governed Taiwan as its own territory, has been stepping up military …
U.S. firms in Taiwan making ‘contingency’ plans amid China tensions Read More »
