BANGKOK (Reuters) – A Thai celebrity media tycoon and transgender rights advocate has bought the Miss Universe Organization for $20 million, marking the first time the beauty pageant organiser will be owned by a woman, her company said on Wednesday. Jakapong “Anne” Jakrajutatip, CEO and biggest shareholder of JKN Global Group Pcl (JKN), is a …
Thai businesswoman buys Miss Universe pageant for $20 million Read More »
SINGAPORE (Reuters) – Asia’s largest oil and gas producer PetroChina Co Ltd reported a 60% year-on-year rise in nine-month net profit to record highs, lifted by stronger global energy prices, even as weaker domestic fuel consumption continued to drag on earnings. Net profit for the January to September period reached 120.3 billion yuan ($16.66 billion), …
PetroChina posts record $16.7 billion net income in Jan to Sept period Read More »
MANILA (Reuters) – Billionaire Elon Musk’s Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to businesses and the government, his local partner said on Thursday. Data Lake Inc, a Philippine-based firm partly owned by tycoon Henry Sy Jr, said it signed a deal to be the first partner …
Elon Musk’s SpaceX partners with Philippine tycoon on satellite service Read More »
By Chen Lin SINGAPORE (Reuters) – Southeast Asia’s internet economy is expected to be worth $330 billion by 2025, though this a downgrade from a previous forecast due to economic uncertainty and more pressure on tech companies to make a profit, an industry report said on Thursday. The annual report, by Alphabet’s Google, Singapore state …
Southeast Asia internet economy forecast cut on economic headwinds Read More »
BEIJING (Reuters) – China’s economy is facing growing risks of slowing external demand in the fourth quarter, a commerce ministry spokesperson said on Thursday, adding that uncertainties were overshadowing growth in China’s foreign trade. As the world economy loses momentum, the environment for trade was getting increasingly complex for China, commerce ministry spokesperson Shu Jueting …
China sees growing risk of weakening external demand in Q4 Read More »
By Marc Jones LONDON (Reuters) – The China-backed Asian Infrastructure Investment Bank (AIIB) has warned governments against building new fossil fuel power stations out of panic during the current global energy crisis, saying such moves could result in decades of environmental harm. There is now a real risk that worried governments rush to open or …
China-backed AIIB warns governments not to panic-build fossil fuel power stations Read More »
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it finds its footing after U.S. sanctions knocked its once mighty handset business. Huawei posted revenue of 445.8 billion yuan ($62.03 billion)for the first three quarters, …
China’s Huawei slows its long decline under U.S. sanctions as revenues improve Read More »
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics said on Thursday its supply of memory chips will grow faster than its peers and its investments will proceed as planned, bucking the broader industry move to scale back output and spending amid growing recession fears. Samsung’s apparent confidence indicates it intends to use …
Samsung defies chip downturn with aggressive supply and capex plans Read More »
By Chris Prentice and Dhara Ranasinghe WASHINGTON/LONDON (Reuters) – U.S. shares were mixed and world equities eased off a five-week peak on Wednesday, as the dollar’s decline boosted commodities and pressured Treasury yields. Investors weighed disappointing earnings from U.S. heavyweights against hopes the Federal Reserve will slow its aggressive pace of interest rate hikes. The …
World stocks slip from 5-week peak as dollar continues retreat Read More »
By John McCrank NEW YORK (Reuters) – The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its rate hiking cycle, sending the euro back above parity with the greenback for the first time in a …
Dollar sells off on speculation of less hawkish Fed, euro regains parity Read More »
