Reuters Asia Business

By Joyce Lee SEOUL (Reuters) – Palantir Technologies Inc announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea’s Hyundai Heavy Industries Group, one of the world’s largest shipbuilding conglomerates. The conglomerate’s shipbuilding affiliates including Hyundai Heavy will use Palantir’s operating system, known as …

Palantir signs $20 million deal with S.Korea’s Hyundai Heavy Industries Read More »

By Dawn Chmielewski and Paresh Dave LOS ANGELES (Reuters) -YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video creators 45% of the revenue. That compares …

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales Read More »

TAIPEI (Reuters) -Taiwan’s export orders unexpectedly expanded in August on strong demand for technology and new consumer electronics product launches like iPhones even as the island’s largest market China faced continued headwinds. But the government said the outlook was mixed due to a series of uncertainties including high global inflation, increasing geopolitical risks and new …

Apple helps Taiwan export orders resume growth in August, outlook mixed Read More »

TOKYO (Reuters) – State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) and Japanese trading house Sojitz Corp have invested $9 million to buy an additional stake in Lynas Rare Earths to help the Australian miner’s expansion project, they said on Tuesday. Lynas, the world’s largest producer of rare earths outside China, unveiled plans in …

Japan’s JOGMEC, Sojitz invest $9 million in rare-earths miner Lynas Read More »

By Joori Roh SEOUL (Reuters) – South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that could help reduce the “Korea discount” in stock markets, a senior government official told Reuters on Tuesday. The “Korea discount” refers to a tendency for South Korean companies to have lower valuations …

South Korea plans reforms to tackle ‘Korea discount’ for its stocks Read More »

By Aditya Kalra, M. Sriram and Rocky Swift NEW DELHI/TOKYO (Reuters) – Japanese beverages firm Kirin Holdings is in talks to invest $70 million in Indian craft beer maker Bira, four sources told Reuters, doubling down on the fast-expanding South Asian market at a time when it is facing pressure on growth at home. Kirin, …

Exclusive-Japan’s Kirin in talks to triple investment in Indian craft beer maker Bira-sources Read More »

By Kane Wu and Anshuman Daga HONG KONG/SINGAPORE (Reuters) – U.S. private equity firm TPG Inc is set to reach first-close of its new Asia-focused fund at more than $3 billion, two people with direct knowledge of the matter told Reuters. TPG kicked off fundraising of its eighth private equity fund for the region in …

TPG to reach first-close of new Asia fund at over $3 billion – sources Read More »