By Sam Nussey TOKYO (Reuters) -Nintendo sold more than six million units of the Switch 2 in the seven weeks following its June launch, the gaming company said on Friday, pointing to strong early demand. The successor to the hit home-portable Switch went on sale in the midst of U.S. President Donald Trump’s trade war, …
Nintendo reports robust early sales of Switch 2, keeps full-year forecast Read More »
By Dimitri Rhodes (Reuters) -Umicore said on Friday that China’s curbs on exports of rare earths and other critical minerals had so far not disrupted operations of the group that recycles and refines metals in both China and Europe. Large amount of the materials Umicore refines end up in the European markets. It processes 17 …
Umicore sees no problem so far from China’s curbs on critical minerals Read More »
ISLAMABAD (Reuters) -Pakistan’s consumer inflation accelerated to 4.1% year-on-year in July, up from 3.2% in June, driven by rising prices for food items, fuels and medicines, the statistics bureau said on Friday. July’s consumer price inflation month-on-month was 2.9%, the bureau said. The higher inflation reading follows the State Bank of Pakistan’s assessment of a …
Pakistan’s annual inflation accelerates to 4.1% in July Read More »
(Corrects headline to drop extraneous letter, widens distribution) By Jihoon Lee and Hyunjoo Jin SEOUL (Reuters) -There is no written agreement yet on a trade deal between South Korea and the United States announced by President Donald Trump this week, the Asian nation’s trade minister said on Friday. The U.S. tariff on South Korean imports …
South Korea says it has no written pact on US trade deal Read More »
(Reuters) -Malaysia’s RHB Bank on Friday said it entered exclusive 20-year bancassurance and bancatakaful agreements with Tokio Marine Life Insurance Malaysia and Takaful Malaysia. Takaful Malaysia refers collectively to insurer Syarikat Takaful Malaysia Keluarga and its unit. In Malaysia, conventional insurance and bancatakaful agreements, which provide sharia-compliant insurance options, allow insurers to sell their products …
BEIJING (Reuters) -Chinese humanoid robot maker AGIBot has completed a new round of strategic financing with investors including LG Electronics and Mirae Asset, the company said in a statement to Reuters. The company said this marked LG Electronics’ first investment in the embodied intelligence sector. It declined to disclose the size of the fundraising round …
Chinese robot maker AGIBot completes new round of financing Read More »
(Reuters) -European equity funds came under selling pressure in the week through July 30 as a rally in regional stocks cooled, with investors growing cautious over the uncertain economic implications of the U.S.–EU trade deal and signs of weakening corporate earnings. However, a record-setting rally on Wall Street drew investors into U.S. equity funds. According …
European equity funds log sharp outflows on tariff worries; US funds attract inflows Read More »
By Leika Kihara TOKYO (Reuters) -Profits of Japanese firms are likely to fall this year because of U.S. tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday, signalling caution over an expected hit to the export-dependent economy. Automakers have swallowed the rising costs from the tariffs instead of passing them …
BOJ warns US tariffs could hit firms’ profits, delay capex plans Read More »
By Chayut Setboonsarng, Martin Petty and Huey Mun Leong BANGKOK/KUALA LUMPUR (Reuters) -Southeast Asian countries breathed a sigh of relief on Friday after the U.S. announced tariffs on their exports that were far lower than threatened and levelled the playing field with a rate of about 19% across the region’s biggest economies. U.S. President Donald …
Relief in Southeast Asia as Trump’s tariffs level playing field Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s refined copper output is set to hit a record high in 2025, analysts say, as its giant smelting sector powers through a global shortage of copper ore that is forcing some overseas competitors out of business. Refined copper production in China, which already accounts for more …
China 2025 copper output set to hit record high despite feedstock shortages Read More »
