Reuters Asia Business

By Byungwook Kim SEOUL (Reuters) – Samsung Electronics’ flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen carriers half its price at home in South Korea just weeks since its launch, hurting its image as an iPhone rival. Consumers have complained – and even filed a class-action lawsuit …

Analysis-Samsung’s reputation hit as prices slashed at home for new premium phone Read More »

By Miho Uranaka TOKYO (Reuters) -U.S. private equity firm KKR & Co Inc plans to take Japanese chip equipment maker Kokusai Electric Corp public in an IPO as early as June, three sources said, in what is likely to be Tokyo’s biggest listing in more than three years. While the size of the initial public …

KKR to list Japan’s Kokusai Electric as early as June, sources say Read More »

By Eduardo Baptista BEIJING (Reuters) – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by Reuters, dozens of entities …

China uses AI software to improve its surveillance capabilities Read More »

(Reuters) – The Reserve Bank of India (RBI) kept its key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the wake of the Russia-Ukraine war. The monetary policy committee held the lending rate, or the repo rate, at 4%. The …

Instant view: India cenbank holds rates but starts policy normalisation Read More »

STOCKHOLM (Reuters) -AB Volvo expects its first-quarter operating income to take a hit from uncertainty caused by the Russia-Ukraine war and will set aside provisions worth 4 billion crowns ($423.2 million) to cover that, the Swedish truck maker said on Friday. Russia’s six-week long incursion in Ukraine has seen more than 4 million people flee …

AB Volvo sets aside $423 million in provisions due to Russia-Ukraine war Read More »

By Fanny Potkin, Anshuman Daga and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) – GoTo is banking for a steady market debut after raising $1.1 billion in a relatively cautious IPO, while a booming local share market is cementing expectations that Indonesia’s largest tech firm can buck a global downtrend in tech stocks. Formed by the May merger …

GoTo seeks to buck tech sector slump with $1.1 billion Indonesia IPO Read More »

By Eric Onstad and Pratima Desai LONDON (Reuters) – Commodity trader Trafigura and other firms are moving to take large amounts of zinc out of London Metal Exchange approved warehouses in Asia, sources familiar with the matter said, fuelling concern about more problems at the exchange after chaotic nickel trading last month. A Trafigura spokesperson …

Exclusive – Trafigura set to take zinc out of LME system, fuelling concern – sources Read More »