Reuters Asia Business

By Fanny Potkin SINGAPORE (Reuters) – Qatari telecommunications firm Ooredoo is in talks to sell its Myanmar unit in what would mark the exit of the country’s last foreign telecoms operator, two people familiar with the matter told Reuters. The people said Doha-based Ooredoo has informed Myanmar’s Posts and Telecommunications Department (PTD), the country’s regulator, …

Exclusive – Qatar telecoms firm Ooredoo in talks to sell its Myanmar unit – sources Read More »

(Reuters) -India has cut a windfall tax on oil producers and refiners and exempted gasoline from an export levy, less than three weeks after it imposed the two charges. Shares in oil companies that will benefit from the move rose. Reliance Industries jumped 4.3%, Oil India 8.8%, Oil and Natural Gas Corp 6.8% and Vedanta …

India cuts windfall tax on local crude sales, fuel exports Read More »

PARIS (Reuters) – Shares in French food retailer Carrefour rose 3% on Wednesday after it agreed to sell its remaining 60% stake in its Taiwan business, sparking hopes among some investors it could use the extra firepower to buy back shares. By 0702 GMT, Carrefour shares were up 3.01% at 17.48 euros. The transaction, which …

Exit from Taiwan lifts shares of French company Carrefour Read More »

(Reuters) -Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing firm Didi Global, people familiar with the matter said on Tuesday, a move that could bring an end to a probe into the firm’s cybersecurity practices. The people said the fine would be more than 8 billion yuan ($1.28 …

China to fine Didi more than $1 billion for data breaches, sources say Read More »

By Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, and predicted it would return to customer growth during the third quarter. Netflix shares, which have fallen roughly 67% this year on concerns about future growth, rose 7% …

Netflix soothes Wall Street concerns with customer growth forecast Read More »

By Heekyong Yang SEOUL (Reuters) – Hyundai Motor Co’s unionised workers in South Korea voted in favour of a wage deal with the automaker, a Hyundai Motors union official said on Tuesday. The union said a total of 61.9% of its voting union members approved the tentative agreement reached last week, while 37.8% rejected the …

Hyundai Motor’s South Korea union approves wage deal -union Read More »

(Reuters) – Toyota Motor Corp on Tuesday announced its global production for August would be about 18% fewer than its earlier plan as the automaker struggles to shake off impacts of chips shortage and COVID outbreaks. Toyota is planning to produce about 700,000 vehicles worldwide, comparing with the plan it had told to its suppliers …

Toyota downgrades August production by 18% as chip shortage, COVID impact linger Read More »