Reuters Asia Business

By Karen Freifeld (Reuters) -The United States is making it more difficult for chipmakers Samsung and SK Hynix to produce chips in China by revoking authorizations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The U.S. Commerce Department had given the companies exemptions to sweeping restrictions created …

US makes it harder for SK Hynix, Samsung to make chips in China Read More »

(Corrects attribution in paragraph 13 to Jiang Fan, chief executive at Alibaba’s e-commerce business group, NOT Group CEO Eddie Wu.) By Casey Hall and Deborah Mary Sophia (Reuters) -China’s Alibaba said on Friday artificial intelligence was key to expanding its cloud computing business, as it reported strong quarterly growth in the sector despite its wider …

Alibaba misses revenue estimates, but AI boosts cloud business Read More »

(Reuters) -The U.S. International Trade Commission voted on Friday to proceed with an investigation into whether solar panels from India, Laos and Indonesia are stifling domestic manufacturing, a key procedural step that could result in tariffs on those imports. WHY IT’S IMPORTANT The unanimous decision by the three-member panel is a victory for domestic solar …

US will proceed with probe of solar imports from India, Laos and Indonesia Read More »

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s TSMC manufactures the world’s most advanced chips. It now wants to teach its suppliers and partners how to better manage their trade secrets to foster innovation.  The company, the world’s largest chip foundry that makes chips for the likes of Nvidia and Apple, plans to market a system it …

TSMC to market system to manage trade secrets, its lawyer says Read More »

By Casey Hall SHANGHAI (Reuters) -Fast fashion brand Forever 21 is making its fourth run at the Chinese market, having previously entered and exited the world’s second-largest economy three times since 2008. Also in the brand’s sights is a new partner to help relaunch in the North American market, with further announcements to come on …

Forever 21 looks to resurrect China, North America business with new partners Read More »

By Ju-min Park SEOUL (Reuters) -North Korea’s economy grew 3.7% in 2024, the fastest annual pace of growth in eight years, backed by expanded economic ties with Russia, according to estimates by South Korea’s central bank released on Friday. Economic growth in North Korea last year picked up from a 3.1% rise in gross domestic …

North Korea posts fastest growth in 8 years in 2024, driven by Russia ties, Seoul says Read More »

HONG KONG (Reuters) -Chinese property developer Seazen Group is setting up an institute in Hong Kong to push forward real-world asset (RWA) tokenization, it said on Friday, a process that converts assets into digital tokens that can be traded on a blockchain. A move to raise funds with tokens would be the first by a …

China property developer Seazen says it will explore real-world asset tokenization Read More »

(Reuters) -HSBC’s U.S. CEO Lisa McGeough stepped down months after taking the job and the bank tapped longtime executive Jason Henderson as interim head while it looks for a successor. McGeough, who joined HSBC in 2021, is leaving to “pursue new opportunities”, the lender disclosed in a regulatory filing on Friday. Her appointment in January …

HSBC taps insider Henderson for interim US CEO as McGeough leaves Read More »