Reuters Asia Business

SEOUL (Reuters) -South Korea’s consumer prices rose in September at a slightly faster pace than market expectations, after a one-off drag in August, government data showed on Thursday. The consumer price index rose 2.1% in September from a year earlier, after rising by a nine-month low of 1.7% in August. That compared with a 2.0% …

South Korea September inflation +2.1% y/y, slightly above forecast Read More »

By Makiko Yamazaki TOKYO (Reuters) -Candidates vying to lead Japan’s ruling party are prioritising delivering relief to households hit by inflation as a key plank of their fiscal policy, proposing measures such as tax breaks while largely avoiding detailed discussion on how to fund them. Persistent inflation has emerged as a major source of voter …

Explainer-How is Japan’s fiscal policy outlook shaping leadership race? Read More »

By Kanishka Singh WASHINGTON (Reuters) -The Group of Seven nations’ finance ministers said on Wednesday they will take joint steps to increase pressure on Russia by targeting those who are continuing to increase their purchases of Russian oil and those that are facilitating circumvention. The G7 finance ministers also said they agreed on the importance …

G7 nations say they will target those continuing to increase Russian oil purchases Read More »

(Reuters) -Stargate, a $500 billion AI infrastructure initiative that is central to Washington’s push for dominance in the field, has drawn a slew of investors and suppliers since its launch in January. The project will be developed by ChatGPT parent OpenAI, SoftBank and Oracle and is intended to generate 10 gigawatts in total data center …

Factbox-Key stakeholders in $500 billion Stargate AI project Read More »

(Reuters) -Toyota Motor’s North American unit reported a near 16% rise in auto sales on Wednesday, helped by sales of its pickup trucks and cars. Overall sales in the quarter rose to 629,137 units compared with 542,872 units a year ago. (Reporting by Nathan Gomes in Bengaluru; Editing by Leroy Leo)

BEIJING (Reuters) -BYD’s third-quarter sales fell 2.1% from a year earlier, according to Reuters’ calculations based on a company filing released on Wednesday, the first quarterly decline for the Chinese EV and hybrid car maker in more than five years. The Chinese market leader sold 1.106 million cars in the three months to the end …

BYD’s quarterly car sales fall for first time since 2020, data shows Read More »

By David Shepardson and Tim Hepher WASHINGTON/PARIS (Reuters) -Airbus is set to inaugurate a second U.S. assembly line on Oct 13, followed by expansion of a similar facility in China several days later, in back-to-back ceremonies designed to avoid falling foul of a tricky trade climate, industry sources said. The planemaker has also been negotiating …

Airbus walks political tightrope with US, China expansion Read More »