Reuters Asia Business

Singapore’s Temasek to increase stake in Italy’s Ermenegildo Zegna to 10%

29 Jul 2025

(Refiles to remove non-functioning company RIC. No changes to text.) By Yantoultra Ngui, Elisa Anzolin and Giulia Segreti SINGAPORE/MILAN/ROME (Reuters) -Singapore’s state investment firm Temasek will increase its stake in Ermenegildo Zegna Group  to 10%, the companies said on Tuesday, as the Italian luxury fashion house targets a global expansion in the resilient ultra-luxury market. …

Singapore’s Temasek to increase stake in Italy’s Ermenegildo Zegna to 10% Read More »

Pakistan’s crackdown on black market dollar trade pushes deals online

29 Jul 2025

By Ariba Shahid KARACHI/PESHAWAR, Pakistan (Reuters) -Pakistan’s crackdown on black market dollar trading has strengthened the rupee, but traders say under-the-counter deals have swiftly shifted to smartphones and home deliveries instead. Many unlicensed exchange shops have been shut since July 22, when the military spy agency summoned representatives of the sector to explain the U.S. …

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LG Innotek to take stake in lidar maker Aeva as part of $50 million deal

29 Jul 2025

By Stephen Nellis SAN FRANCISCO (Reuters) -Aeva Technologies said on Tuesday that South Korean camera module maker LG Innotek will take an equity stake in Aeva as part of a $50 million strategic collaboration. Aeva makes lidar sensors that help vehicles and industrial equipment gain a detailed three-dimensional view of their environment and detect how …

LG Innotek to take stake in lidar maker Aeva as part of $50 million deal Read More »

Nomura logs highest profit for a first quarter since 2020 with 52% jump

29 Jul 2025

(Corrects headline and paragraph 3 to clarify highest profit for a first quarter since 2020.) By Anton Bridge TOKYO (Reuters) -Japan’s Nomura Holdings said first-quarter profit surged 52% with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it also benefited from a one-off gain on a property …

Nomura logs highest profit for a first quarter since 2020 with 52% jump Read More »

Thailand estimates over $300 million in economic damage from border conflict with Cambodia

29 Jul 2025

BANGKOK (Reuters) -Thailand has estimated the initial costs of evacuation and damaged property at more than 10 billion baht ($307.88 million) after a five-day border conflict with Cambodia, and is expecting the eventual economic impact to be even bigger, the finance minister said on Tuesday. The government is preparing an initial budget of 25 billion …

Thailand estimates over $300 million in economic damage from border conflict with Cambodia Read More »

Chubu Elec still aims to complete review of offshore wind projects in summer

29 Jul 2025

By Yuka Obayashi TOKYO (Reuters) -Chubu Electric Power said on Tuesday its C-Tech unit is still reviewing the feasibility of domestic offshore wind projects with its partner and aims to complete the assessment around this summer. In 2021, Mitsubishi Corp, together with C-Tech, was selected to develop three offshore wind projects in Akita and Chiba …

Chubu Elec still aims to complete review of offshore wind projects in summer Read More »

Samsung Electronics shares extend gains after Tesla deal, but challenges remain

29 Jul 2025

By Hyunjoo Jin and Zaheer Kachwala Seoul (Reuters) -Shares in Samsung Electronics eked out small gains on Tuesday, following a sharp rally the previous day after the South Korean technology company clinched a $16.5 billion deal to supply artificial intelligence chips to Tesla. Analysts said the agreement could bolster the company’s unprofitable contract manufacturing business, …

Samsung Electronics shares extend gains after Tesla deal, but challenges remain Read More »

Advantest raises full-year operating profit forecast by 24% on strong AI demand

29 Jul 2025

TOKYO (Reuters) -Japanese chip testing equipment maker Advantest raised on Tuesday its full-year operating profit forecast by 24% due to robust demand for semiconductors used in artificial intelligence. The company forecast an operating profit of 300 billion yen ($2.02 billion) for the current business year to the end of March 2026, compared with an earlier …

Advantest raises full-year operating profit forecast by 24% on strong AI demand Read More »

Bank of Korea board members saw more interest rate cuts necessary, minutes show

29 Jul 2025

SEOUL (Reuters) -Board members of South Korea’s central bank said there was a need to lower interest rates and cited U.S. trade talks as a key factor to consider for the pace and timing of further cuts, at their latest meeting on July 10, minutes showed on Tuesday. The Bank of Korea kept its benchmark …

Bank of Korea board members saw more interest rate cuts necessary, minutes show Read More »

India’s April-June finished steel imports fall nearly 30% as China, Japan shipments slow

29 Jul 2025

By Neha Arora NEW DELHI (Reuters) -India’s finished steel imports dropped nearly 30% in the first three months of the financial year that started in April, due to a persistent fall in shipments from China and Japan, according to provisional government data reviewed by Reuters on Tuesday. The world’s second-biggest crude steel producer imported 1.4 …

India’s April-June finished steel imports fall nearly 30% as China, Japan shipments slow Read More »

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