BEIJING (Reuters) -China on Thursday announced export curbs on some types of artificial diamonds set to take effect just before the U.S.-China tariff truce is scheduled to end, further tightening Beijing’s grip over high-tech manufacturing supply chains. Certain artificial diamond micropowders, single crystals, wire saws and grinding wheels will require an export licence from November …
By Rocky Swift TOKYO (Reuters) -The Japanese owner of global clothing brand Uniqlo on Thursday reported a record high profit for the year ended August, and forecast a fifth-straight year of record profit in fiscal 2026 on its aggressive expansion in North America and Europe. Fast Retailing said operating profit jumped about 13% to 564.3 …
Uniqlo owner predicts 5th year of record profit on aggressive global push Read More »
By Casey Hall, Xihao Jiang and David Kirton SHANGHAI (Reuters) -Chinese consumers have long been lovers of gold, but record high prices are having an impact on buyers’ purchasing power when it comes to shopping for jewelry or for buying for investment purposes. Gold has surged more than 50% this year to a record high …
China’s gold buyers squeezed by record-breaking price surge Read More »
TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, reported on Thursday third-quarter revenue rose 30% year-on-year, beating the market forecast, as demand for the company’s products leapt on surging interest in artificial intelligence applications. Revenue for July-September came in at T$989.92 billion ($32.47 billion), according to Reuters calculations, compared with T$759.69 billion in the year …
TSMC posts forecast-beating Q3 revenue surge on AI boom Read More »
By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) -Chinese holidaymakers’ average spending dipped to a three-year low over this year’s eight-day Golden Week holiday, dashing hopes that a domestic stock market rally would encourage cautious consumers to open their wallets. Weak consumption has weighed on the world’s second-largest economy this year as policymakers navigate pressure …
China’s Golden Week holiday spending dips in latest red flag for economy Read More »
LONDON (Reuters) -HSBC will look at making more acquisitions in key areas, the bank’s chief executive told Reuters on Thursday after the lender announced plans to buy out the remainder of Hang Seng bank. “We are capital generative and we have the financial strength to go out and acquire,” Georges Elhedery said, noting that Hong …
HSBC CEO says bank will look at more deals after Hang Seng move Read More »
SINGAPORE (Reuters) -Singapore’s middle distillates stockpiles jumped to a three-month high as net exports of diesel and jet fuel both dipped from a week earlier, official government data showed on Thursday. Diesel/gasoil and jet fuel/kerosene inventories held at key oil storage hub Singapore climbed to 10.1 million barrels, compared with 9.8 million barrels a week …
Singapore distillates stocks jump to above 10 million barrels Read More »
TAIPEI (Reuters) -Taiwan’s exports in September grew less than expected, with the impact of 20% U.S. tariffs being felt by the island even as semiconductors remain exempt. Exports rose 33.8% from a year earlier to $54.25 billion, the finance ministry said on Thursday, missing the 35.5% increase forecast in a Reuters poll. September’s slowdown ends …
Taiwan Sept exports misses forecasts, AI demand remains strong Read More »
By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippine central bank cut its key policy rate for a fourth straight time on Thursday, seeking to bolster economic growth that it warned could weaken as corruption allegations surrounding public spending weigh on investor confidence. The Bangko Sentral ng Pilipinas lowered its benchmark rate by 25 …
Philippines slashes rate to 4.75% as corruption scandal clouds growth outlook Read More »
By Joyce Zhou MACAU (Reuters) -The National Basketball Association (NBA) returned to China on Thursday for the first time since a controversial parting of ways in 2019, staging two games in Macau and announcing a multi-year partnership with Chinese technology giant Alibaba. The NBA is due to play two pre-season games in the Chinese special …
