Reuters Asia Business

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year, including from U.S. tariffs, the minutes of the central bank’s August 13 policy meeting showed on Wednesday. The Bank of Thailand said U.S. tariffs were expected to dampen …

Thai central bank sees room for accommodative policy in face of second-half challenges Read More »

BEIJING (Reuters) -China’s industrial profits fell for a third consecutive month in July, as businesses struggled in the face of subdued demand and persistent factory-gate deflation despite policy measures to help shore up the economic recovery. Exports beat expectations last month but a slew of underwhelming indicators have kept pressure on Beijing to roll out …

China’s industrial profits extend decline as demand, deflation woes take toll Read More »

By Liam Mo and Brenda Goh BEIJING (Reuters) -China’s Alibaba is likely to highlight its artificial intelligence strategy with its quarterly results on Friday, but in line with its peers Tencent and Baidu, may struggle to show that its big AI investments are paying off. The companies have invested billions of dollars into AI over …

Alibaba results likely to show limited AI payoff for China tech Read More »

By David Shepardson and Joyce Lee PHILADELPHIA/SEOUL (Reuters) -South Korean President Lee Jae Myung leaned on promises to “Make American Shipbuilding Great Again” during his first official U.S. trip, as the two allies wrangle over other details of their trade and security agreements. On Tuesday, Lee visited a shipyard owned by South Korea’s Hanwha Group …

South Korea bets big on reviving troubled US shipbuilding to woo Trump Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. Treasury yields and the dollar eased on Tuesday as President Donald Trump’s move to fire a central bank governor raised concerns about the bank’s independence, while Wall Street stocks ended higher ahead of results from Nvidia on Wednesday. Trump said on Monday he was firing Federal Reserve Governor Lisa …

US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up Read More »