Reuters Asia Business

By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes rose and the S&P 500 posted a record closing high on Wednesday ahead of quarterly results from artificial intelligence leader Nvidia, while the dollar recovered slightly from the previous session’s drop despite ongoing concerns about the U.S. Federal Reserve’s independence. A lawyer for Fed Governor Lisa …

S&P 500 posts record close, dollar edges up; Nvidia shares down after the bell Read More »

SHANGHAI (Reuters) -Chinese stocks are at decade highs after a rally powered by support from state-backed institutions and bigger investors, with retail money slowly making their way back into shares providing a fresh tail wind. Investors have so far shrugged off the anaemic economic recovery in China and, while Shanghai stocks are at levels not …

Chinese stocks at decade high lure hesitant retail investors Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Wednesday after data showed a larger-than-expected drop in U.S. crude inventories and as investors weighed the potential impact from new U.S. tariffs on India.  Brent crude futures were up 83 cents, or 1.2%, at $68.05 a barrel. West Texas Intermediate crude futures gained 90 cents, …

Oil edges up on US crude stocks drop, impact of US tariffs on India Read More »

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Mitsubishi Corp will withdraw from three Japanese offshore wind power projects because of soaring costs, it said on Wednesday, dealing a blow to Japan’s energy security goals and efforts to reduce its dependence on imported fuel. A Mitsubishi-led consortia won the first state auctions for the three …

Mitsubishi quits Japan offshore wind sites citing rising costs Read More »

(Reuters) -China’s chipmakers are seeking to triple the country’s output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday. Huawei aims to begin production at a plant dedicated to making AI chips by year end, with two more facilities set to launch in 2026, the newspaper …

China aims to triple AI chip output, reducing Nvidia’s dependency, FT says Read More »

By Stanley Widianto and Jennifer Rigby JAKARTA (Reuters) -Indonesia will set a deadline of two years for food and beverage companies to meet new labelling norms for products high in salt, sugar or fat, a government official told Reuters, a move that spells more delays in efforts to curb fast-rising obesity. Health ministry data shows …

Exclusive-Indonesia will give food companies two years to meet new labelling rules Read More »

By Pritam Biswas, Anton Bridge and Kiyoshi Takenaka TOKYO (Reuters) -Sompo Holdings said on Wednesday that it would acquire New York-listed Aspen Insurance Holdings for about $3.5 billion, joining a number of Japanese financial firms that are investing in overseas assets to drive growth. Sompo has offered $37.50 for each share of the U.S. firm, …

Japan’s Sompo to acquire Aspen Insurance for $3.5 billion in westward push Read More »

(Corrects paragraph 2 to say Seatrium made provisions in 2023, not 2022) (Reuters) -Singapore’s Keppel has initiated arbitration proceedings against local shipbuilder Seatrium for a S$68.4 million ($53.33 million) claim related to a corruption crackdown in Brazil, the companies said on Tuesday. In 2023, Seatrium had made provisions worth S$82.4 million to pay Keppel against …

Singapore’s Keppel files for $53 million claim against Seatrium over Brazil corruption case (Aug 26) Read More »