Reuters Asia Business

MADRID (Reuters) -Telefonica renewed a contract with Chinese manufacturer Huawei to supply equipment for its 5G mobile core network for retail customers in Spain until 2030, El Pais newspaper reported on Thursday, citing unnamed industry sources. Telefonica renewed that contract in late 2024 and, in early 2025, it awarded to rival manufacturer Nokia a contract …

Telefonica renewed one Huawei 5G contract in Spain until 2030, report says Read More »

SHANGHAI (Reuters) -Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains in fintech and stablecoin-concept shares after a Reuters report signalled a major shift in Beijing’s stance on digital assets. ** At the close, the Shanghai Composite index was up 0.13% at 3,771.10 points, …

Shanghai stock benchmark closes at decade high as fintech, stablecoin shares surge Read More »

TOKYO (Reuters) -KKR is the leading candidate to buy the Yokohama headquarters of automaker Nissan Motor and has offered around 90 billion yen ($609.80 million), a source familiar with the matter said on Thursday. KJR Management, a real estate unit owned by KKR, submitted the highest bid but negotiations are ongoing, said the person, who …

KKR is lead bidder for Nissan $610 million headquarters sale, source says Read More »

By Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan will raise its key interest rate by at least 25 basis points again later this year, according to nearly two-thirds of economists in a Reuters poll, up from just over half a month ago. While news of recent weakness in the U.S. job market has renewed …

BOJ to raise interest rates again in Q4, possibly in October, say economists: Reuters Poll Read More »

JAKARTA (Reuters) -Indonesia ran a current account deficit of $3 billion in the second quarter, equal to 0.8% of its gross domestic product, after a deficit of 0.1% of GDP in the previous quarter, the central bank said on Thursday.  The deficit widened from $200 million in the first quarter, and was driven by rising …

Indonesia’s Q2 current account deficit widens to 0.8% of GDP Read More »