Reuters Asia Business

Synopsys reports quarterly revenue below estimates, shares fall

(Reuters) -Chip design software provider Synopsys missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by weakness in its Design IP business, sending shares down nearly 18.5% after the bell. The segment includes Synopsys’ interface, security and embedded processor intellectual property, along with IP implementation services. The underperformance in the segment was caused by …

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Japan manufacturers’ mood the best in three years after tariff deal – Reuters poll

By Kantaro Komiya TOKYO (Reuters) -Japanese manufacturers’ sentiment was its best in more than three years in September, the Reuters Tankan poll showed, with trade uncertainties easing after Japan reached a tariff deal with the U.S. in July. The monthly poll tracking the Bank of Japan’s quarterly business survey showed the manufacturers’ mood index improved …

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New British trade minister heads to China for first talks since 2018

LONDON (Reuters) -Britain’s new trade minister Peter Kyle will hold the first trade talks with China since 2018 in Beijing on Wednesday, seeking to remove barriers to trade worth 1 billion pounds ($1.35 billion) over five years. In his first trip since being appointed Business and Trade Secretary last week, Kyle held meetings in Washington …

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Trading Day: Thumping job revisions, looming inflation

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks, the dollar, commodities and bond yields mostly rose on Tuesday, but the moves lacked momentum and conviction as investors digested record downward revisions to U.S. job growth figures and looked ahead to U.S. …

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Workers say Korea Inc was warned about questionable U.S. visas before Hyundai raid

By Hyunjoo Jin, Heekyong Yang and Heejin Kim SEOUL (Reuters) -Many South Korean workers were sent to the U.S. on questionable documents despite their misgivings and warnings about stricter U.S. immigration enforcement before last week’s raid on a Hyundai site, according to workers, officials and lawyers. For years, South Korean companies have said they struggle …

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Exxon bullish on China’s LNG demand, eyes new markets

By Emily Chow and Marwa Rashad MILAN (Reuters) – Exxon Mobil expects strong growth in demand for liquefied natural gas (LNG) in China, driven by transport and marine sectors, and sees rising opportunities in new markets across Asia Pacific, Africa and Latin America, a senior company executive told Reuters on Tuesday. China, the world’s largest …

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Philippines’ potential purchase of F-16 jets on hold due to budget constraints, envoy says

MANILA (Reuters) -The Philippines’ potential purchase of F-16 fighter jets from the United States has been put on hold due to budget constraints, Manila’s ambassador to Washington said on Tuesday. The U.S. State Department approved the potential sale, valued at an estimated $5.6 billion, earlier this year in what was seen as a significant capability …

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‘The party is over’ as European carmakers face tariffs and a price war in China

By Christoph Steitz and Rachel More MUNICH (Reuters) -Whisper it quietly, but beneath the buzz of shiny new car models and bright lights at Europe’s largest car show, the industry sector is worried that their party is over. Prices and profits in key market China are in decline, demand is tepid in Europe and U.S. …

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Indonesia’s new finance minister plans liquidity measures with central bank to boost growth

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s newly-minted finance minister on Tuesday said he would work with the central bank to ease liquidity in the financial markets in order to unlock funding for economic activities and government programmes. After his first cabinet meeting as finance minister with President Prabowo Subianto, Purbaya Yudhi …

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