HANOI (Reuters) -German software maker SAP will invest 150 million euros ($175.13 million) in a research and development centre in Vietnam over the next five years, the firm said on Thursday. SAP Labs Vietnam will be located in the business hub Ho Chi Minh City and will have 500 employees by 2027, it said in …
Germany’s SAP to invest 150 million euros in Vietnam R&D centre Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) -Semiconductor Manufacturing International Corp ，China’s largest contract chip maker, reported on Thursday a 19.5% year-on-year decline in second-quarter profit. Profit attributable to owners of SMIC reached $132.5 million in the June quarter, missing analysts’ estimates of $183.35 million, according to LSEG data. Revenue rose 16.2% to $2.2 …
SMIC second-quarter profit declined 19.5% year-on-year Read More »
BEIJING (Reuters) -Huawei’s joint electric vehicle brand with Chery said on Thursday that it will invest more than 10 billion yuan ($1.39 billion) and expand its research and development team to 5,000 people. It did not give a timeline for the move, which it said aims to strengthen the brand’s lead in technology terms, according …
Huawei’s joint EV brand with Chery pledges $1.4 billion new investment Read More »
BEIJING (Reuters) -China’s central bank added gold to its reserves in July, its ninth consecutive month of purchases, official data showed on Thursday. China’s gold reserves rose to 73.96 million fine troy ounces at the end of July from 73.90 million ounces at the end of June. The country’s gold reserves were valued at $243.99 …
China’s central bank extends gold purchases to ninth straight month in July Read More »
By Sam Nussey TOKYO (Reuters) -Sony raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing factors including expectations of a smaller impact from U.S. President Donald Trump’s tariffs. Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said …
Sony hikes profit forecast seeing smaller tariff impact Read More »
By Sameer Manekar and Gaurav Dogra (Reuters) -Foreign investors flocked to Asian stocks for the third straight month in July, with inflows into Taiwan hitting a near two-decade high and Thailand snapping its nine-month losing streak, buoyed by growth and AI prospects as trade worries fluctuate. Foreign inflows into most Asian equity markets have stabilised …
Foreigners pour billions into Taiwan, South Korea stocks on AI, growth optimism Read More »
HANOI (Reuters) -Vietnam will continue talks with the United States to finalise a trade agreement between the two countries, the Southeast Asian country’s government said on Thursday, as U.S. President Donald Trump’s new tariffs took effect. The agreement reached last month reduces U.S. tariffs on imports from Vietnam to 20%, down from the 46% rate …
Vietnam expects more talks with US to finalise trade deal Read More »
HONG KONG (Reuters) -Shares and bonds of Hong Kong property developer New World Development surged on Thursday after a media report on a potential take-private deal. Financial news provider Octus reported on Wednesday the developer, along with its controlling Cheng family, has been in discussions with U.S. private equity firm Blackstone regarding a financing deal of …
Hong Kong’s New World shares, bonds surge on report of take-private talks Read More »
(Corrects paragraph 5 to say secondary fattening is a speculative practice to fatten pigs for higher prices, not to slim hogs.) By Ella Cao and Lewis Jackson BEIJING (Reuters) -China’s pig industry representatives will gather next week in Beijing to discuss ways to reduce breeding sow numbers by a million, according to an official notice …
(Corrects day in the first paragraph) By Liz Lee BEIJING (Reuters) -New bank loan issuance in China likely plunged in July from June, a Reuters poll showed on Thursday, weighed down by weak credit demand and seasonal factors even as the central bank keeps monetary policy accommodative to support growth. Chinese banks issued around 300 …
