Reuters Asia Business

By Stephen Nellis and Akash Sriram (Reuters) -Qualcomm’s reliance on high-end smartphone chip sales and the looming loss of Apple as a modem customer overshadowed the company’s optimistic quarterly forecast on Wednesday, driving shares down more than 6%. The San Diego-based company is the world’s largest supplier of modem chips that enable smartphones to connect …

Qualcomm’s premium smartphone chip reliance, Apple modem loss overshadow upbeat forecast Read More »

By Katya Golubkova TOKYO (Reuters) -Nippon Steel signed a cooperation memorandum with Denmark’s wind turbine maker Vestas Wind Systems on Wednesday to supply steel for Vestas’ wind towers for European, Asian and Japanese markets, Japan’s industry ministry said. The agreement was part of a broader push by Japan’s Ministry of Economy, Trade and Industry (METI) …

Nippon Steel to supply steel for Vestas wind towers for Europe, Asia and Japan Read More »

By Dominique Vidalon PARIS (Reuters) – Danone shares rose as much as 7% on Wednesday after it delivered second-quarter sales that beat expectations, boosted by strong demand in China for infant milk formula and medical nutrition products. That largely outpaced weakness in the water segment in Latin America due to rainy and cold weather in …

Danone shares shine after Q2 sales beat expectations thanks to strong China Read More »

By Akash Sriram and Zaheer Kachwala (Reuters) -Long seen as the safest Big Tech bet, Apple is heading into Thursday’s earnings with its business facing pressure from U.S. tariffs, tough competition in China and a high-stakes artificial intelligence race it has been late to enter. Wall Street expects the company to post a 4.2% rise …

Apple earnings under pressure from tariffs, slow AI roll-out Read More »

(Reuters) -Hyundai Motor India posted a better-than-expected quarterly profit on Wednesday on the back of strong exports and downplayed concerns over China’s rare-earth magnet export ban, saying its current stockpile is sufficient to handle any near-term disruptions. Carmakers in India – the world’s third-largest auto market – are boosting exports to offset slowing local sales, …

Hyundai India shrugs off China’s rare-earth ban; quarterly profit tops view Read More »

By Ruma Paul DHAKA (Reuters) -Bangladesh’s government has approved the purchase of about 220,000 metric tons of wheat from the United States as part of efforts to cool trade tensions and reduce steep import tariffs imposed by President Donald Trump’s administration, a Dhaka official said on Wednesday. The purchase has been approved by Bangladesh under …

Bangladesh to buy 220,000 tons of US wheat to cool tariff tension Read More »

BEIJING (Reuters) -Chinese electric vehicle battery giant CATL’s net profit growth picked up in the second quarter, even as it came under pressure from a bruising EV price war in its home market. Net profit jumped 34% from a year earlier to 16.5 billion yuan ($2.30 billion), accelerating from a 32.9% increase in the first …

Chinese battery maker CATL reports faster profit growth in second quarter Read More »