Reuters Asia Business

Indonesia’s trade surplus seen narrowing to $3.45 billion in June: Reuters poll

31 Jul 2025

JAKARTA (Reuters) -Indonesia’s trade surplus is expected to have narrowed month-on-month in June to $3.45 billion as import growth is expected to have accelerated last month, while exports also continued to rise, a Reuters poll showed on Thursday. In May, the trade surplus was at $4.3 billion. The largest economy in Southeast Asia has posted …

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Japan’s JERA Q1 profit slightly down on weaker overseas business

31 Jul 2025

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -JERA, Japan’s biggest power generator, on Thursday posted a 1% decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621 million) amid weaker overseas power generation business, including from renewable energy. JERA, a joint venture of Tokyo Electric Power …

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Toyota supplier Denso’s quarterly profit falls on tariffs, strong yen

31 Jul 2025

TOKYO (Reuters) -Japan’s Denso, a leading auto parts supplier to Toyota, posted a bigger-than-expected 11% decline in first-quarter profit on Friday, hit by U.S. tariffs and a stronger yen. The world’s second-largest car parts manufacturer reported an operating profit of 107.2 billion yen ($720 million) for the three months to the end of June. That …

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China’s Wuxi Apptec to raise $980 million via new shares to boost expansion

31 Jul 2025

(Reuters) -Chinese biotechnology giant WuXi Apptec will raise HK$7.70 billion ($980.93 million) through share placement, in a bid to boost its global expansion, it said on Thursday. WuXi said the proceeds will be used to fund efforts to build on its existing and new facilities and ramp up its customer service facilities, without providing any …

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SK Innovation expects better Q3 refining margins; losses deepen in Q2

31 Jul 2025

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said on Thursday it expected third-quarter refining margins to improve after losses grew in the second quarter. “Sales and operating profit fell compared to the previous quarter due to the difficult external environment such as …

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Keppel posts higher earnings on strong infrastructure, real estate operations

31 Jul 2025

(Reuters) -Keppel posted higher first-half earnings and announced a share buyback programme on Thursday, as a recovery in the real estate business and resilient infrastructure operations helped underscore its pivot towards stable, recurring income streams. The Singapore-based asset manager’s net profit for the six months ended June rose to S$431 million ($332.54 million) from S$345 …

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Russian ESPO oil premiums hold firm in China despite US tariff threat

31 Jul 2025

MOSCOW/SINGAPORE (Reuters) -Premiums for ESPO Blend crude oil loading from Russia’s Kozmino port in late August to early September for delivery into China have held firm as buyers seeking to meet robust demand ignore the threat of increased U.S. tariffs, four traders said on Wednesday. Trump on Monday shortened a deadline for Moscow to make …

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Grab beats revenue estimates on strong consumer spending

31 Jul 2025

By Zaheer Kachwala (Reuters) -Grab Holdings beat Wall Street expectations for second-quarter revenue on Wednesday, as consumers boosted spending on its ride-hailing and food delivery platform despite global economic uncertainty. Grab’s push to turn its platform into a superapp, integrating ride-hailing, food and grocery delivery, and other digital services, has drawn a growing number of …

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Google to invest $6 billion in southern India data centre, sources say

31 Jul 2025

By Sudarshan Varadhan SINGAPORE (Reuters) -Google will invest $6 billion to develop a 1-gigawatt data centre and its power infrastructure in the southern Indian state of Andhra Pradesh in the Alphabet unit’s first such investment in India, government sources said on Wednesday. Due to be built in the port city of Visakhapatnam, the data centre …

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