Reuters Asia Business

(Reuters) – China’s ByteDance Ltd is in talks with music labels for expanding its music-streaming service globally to compete with industry leaders such as Spotify Technology SA, the Wall Street Journal reported on Wednesday. The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major …

ByteDance plans music-streaming expansion to take on Spotify – WSJ Read More »

LONDON (Reuters) – Microsoft said Britain’s competition regulator had relied on objections from its rival Sony in referring its $69 billion Activision Blizzard deal to an in-depth inquiry, in particular “misplaced” concerns about ‘Call of Duty’. The Competition and Markets Authority (CMA) said last month that the acquisition could harm competition and needed to be …

Microsoft says UK influenced by Sony in probing Activision Blizzard deal Read More »

By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday fast and one-sided moves in the yen would be bad for the economy, signalling the speed of its fall – rather than levels – was the key concern for policymakers as the currency plumbs fresh 24-year lows. Kuroda also said the …

BOJ’s Kuroda warns against fast, one-sided yen falls Read More »

By Sam Byford TOKYO (Reuters) – Making its market debut on Wednesday, Japan’s Socionext Inc bucked softening sentiment toward chips by surging 15% in Tokyo’s biggest initial public offering of the year so far. Shares in the fabless system-on-chip design company closed up 15.07% at 4,200 in their debut on Tokyo’s prime market from the …

Socionext defies chip slump with Japan’s biggest IPO this year Read More »

BEIJING (Reuters) – TikTok’s Chinese owner ByteDance is initiating a second share buyback for employees this year at a higher price than the previous one, in a bid to motivate employees amid slowing growth and uncertainty over a plan to go public, two sources said. They said ByteDance told employees in an email that those …

TikTok owner ByteDance increases price of share buyback for staff -sources Read More »

BANGKOK (Reuters) – Thailand’s industrial sentiment rose for a fourth straight month in September, reaching the highest level in 32 months, bolstered by improved domestic demand and a recovery in the crucial tourism sector, an industries group said on Wednesday. The Federation of Thai Industries (FTI) said its industries sentiment index rose to 91.8 in …

Thai industrial sentiment at near 3-year high in Sept on tourism rebound Read More »

By Tetsushi Kajimoto and Mariko Katsumura TOKYO (Reuters) -Japan’s policymakers continued to warn investors on Wednesday against selling the yen, as the dollar rose to a fresh 24-year high on the Japanese currency while hurdles to directly intervene remain high. The U.S. currency rose to 146.35 yen, a level not seen since August 1998 during …

Japan keeps up verbal warnings against yen sell-off to halt slide Read More »