Reuters Asia Business

SEOUL (Reuters) -South Korea’s SK Telecom was fined on Thursday about 134 billion won ($96.53 million) after the country’s largest mobile carrier suffered a cyberattack this year causing the leak of data for nearly 27 million users. The government-run Personal Information Protection Commission announced the punishment in a statement, blaming the company for neglecting its …

South Korea agency fines SK Telecom $97 million over major data leak Read More »

By Alexandra Alper and David Shepardson WASHINGTON (Reuters) -Discussions with the White House to allow American AI chip company Nvidia to sell a less advanced version of its next-generation advanced GPU chip to China will take time, Nvidia CEO Jensen Huang said on Thursday.  When asked about White House talks on Blackwell chip sales to …

Trump, Nvidia talks to allow advanced AI chip sales in China will take time, CEO says Read More »

By Laura Matthews NEW YORK (Reuters) -The dollar weakened against major currencies on Thursday, as traders added to bets that the Federal Reserve will cut interest rates next month after New York Fed chief John Williams signaled such a move was possible. The U.S. currency has been under renewed pressure from President Donald Trump’s ramped-up …

Dollar weakens as September Fed cut bets grow Read More »

By Selena Li HONG KONG (Reuters) -Deutsche Bank has been fined HK$23.8 million ($3.05 million) over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on Thursday. The violations include overcharging clients on management fees, incorrect assignment of product risk ratings and failure to disclose investment banking relationships in certain research reports, according …

Deutsche Bank fined $3 million by Hong Kong securities regulator Read More »

BEIJING (Reuters) -Chinese ride-hailing giant Didi Global reported on Thursday a second-quarter net loss of 2.5 billion yuan ($350 million), driven by a one-off charge, even as revenue rose 10.9%, partly fuelled by growth in overseas business. The loss was largely due to a provision of 5.3 billion yuan for a previously disclosed shareholder lawsuit, …

Didi posts Q2 loss of $350 million on lawsuit provision, despite revenue growth Read More »

By Tassilo Hummel PARIS -Annual cognac revenues dropped 13%, hit by a drop in demand for premium ranges of the French brandy and a slump in sales to China, according to industry data shared with Reuters.  After strong growth during the pandemic and a series of hefty price increases amid rising inflation, demand for cognac …

French cognac sales drop 13% as demand for premium ranges slides Read More »

By Raphael Satter WASHINGTON (Reuters) -An unusually broad coalition composed of the United States, its traditional English-speaking allies and other nations including Germany, Italy and Japan is calling out three Chinese companies over alleged hacking activity. In a 37-page advisory published on Wednesday, the countries accused the firms – Sichuan Juxinhe Network Technology, Beijing Huanyu …

International coalition calls out three Chinese companies over hacking campaign Read More »