By Danielle Kaye NEW YORK (Reuters) – Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner Meta Platforms Inc posted disastrous quarterly results, blaming privacy safeguards from Apple that made it tougher for advertisers. A day earlier, Alphabet Inc posted …
Meta’s miss creates Big Tech divide: who’s got the data Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s Mitsui & Co, Mitsubishi Corp and Itochu Corp on Thursday each lifted their annual profit estimates to above 800 billion yen ($7 billion), thanks to higher commodity and energy prices. The three trading houses, in addition to Marubeni Corp, raised net profit forecasts for the financial year ending …
Japanese trading houses lift profit outlooks as commodity prices rise Read More »
LONDON (Reuters) – Heavyweight European asset manager Pictet said on Thursday it was going ‘overweight’ on world stocks after their difficult start to the year and was positive on Chinese equities again after their beating last year. “Taking advantage of attractive valuations, we have chosen to upgrade equities to overweight on a tactical basis,” the …
Heavyweight European fund Pictet upgrades world stocks, turns positive on China Read More »
By Sam Nussey TOKYO (Reuters) -Nintendo Co Ltd sold 18.95 million Switch video game consoles in the nine months to the end of December, the Japanese company said on Thursday, taking total sales past 100 million and beating the lifetime sales of its Wii console. Although the figure undershot the 24.1 million Switch units sold …
Nintendo Switch tops lifetime sales of Wii console Read More »
LONDON (Reuters) – Global copper smelting activity powered to a 13-month peak in January as operations in China ramped up ahead of seasonal construction demand, data from satellite surveillance of copper plants showed. The number of inactive smelters fell to the lowest level since February 2018, according to a statement on Thursday from commodities broker …
Global copper smelting surges in January, satellite data shows Read More »
TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co Ltd on Thursday rebuffed criticism from activist investor ValueAct Capital, saying it had not presented any plans to enhance value. ValueAct, which owns a 4.4% stake in Seven & i, has said the 7-Eleven convenience store owner is “vastly underperforming its potential” and should consider …
Japan’s Seven & i rebuffs criticism from activist investor ValueAct Read More »
BANGKOK (Reuters) – Thailand’s overall investment applications in 2021 rose by 59% to 643 billion baht ($19.4 billion), boosted by foreign investment pledges in tech sectors, the country’s investment agency said on Thursday. For 2022, the Board of Investment (BOI) expects total investment pledges to be close to last year or higher if the COVID-19 …
Thailand’s investment pledges up 59% in 2021, more expected Read More »
TOKYO (Reuters) – Japan is considering a request from U.S. President Joe Biden to allow a portion of its liquefied natural gas (LNG) imports to be diverted to Europe, the Jiji newswire reported on Thursday. The United States last month said it has been in talks with major energy-producing countries and companies around the world …
Japan mulling U.S. request to divert some LNG imports to Europe -Jiji Read More »
By Kantaro Komiya TOKYO (Reuters) -Japan needs about four times more foreign workers by 2040 to achieve the growth path the government has outlined in its economic forecast, a group of Tokyo-based public think tanks said on Thursday. The findings highlight Japan’s growing reliance on migrant labour to make up for a shrinking population, while …
Japan must quadruple foreign workers by 2040 to meet growth target – report Read More »
By Joyce Lee SEOUL (Reuters) – South Korea’s telecommunications regulator wants better compliance plans from Apple Inc and Alphabet’s Google before finalising rules for a law banning app store operators from forcing software developers to use their payments systems, officials said on Thursday. South Korea passed the law, an amendment to the Telecommunication Business Act, …
S.Korea seeks improved compliance plans from Apple, Google on app store law Read More »
