Reuters Asia Business

Singapore’s sovereign wealth fund GIC posts slowest investment return in 5 years

24 Jul 2025

By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) -Singapore’s sovereign wealth fund GIC reported on Friday its slowest pace of investment return growth in five years, even as it maintained a positive outlook on the U.S. economy despite uncertainties around President Donald Trump’s policies. GIC’s 20-year annualised real return, its primary performance metric, came in …

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AI drives new highs

24 Jul 2025

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Key U.S. and global stock markets clocked fresh highs on Thursday as Alphabet’s earnings lifted tech, while investors digested the European Central Bank’s interest rate decision and the latest signals from the European Union …

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S&P 500, Nasdaq notch record closing highs; gold softens amid earnings, trade negotiations

24 Jul 2025

By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq gained ground on Thursday, and gold prices eased as investors digested a mixed batch of corporate earnings along with signs of progress in tariff negotiations between the U.S. and trading partners. The S&P 500 and the Nasdaq reached all-time closing highs, while the …

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Ceconomy confirms it is in advanced talks with China’s JD.com

24 Jul 2025

By Matthias Inverardi and Emma-Victoria Farr DUESSELDORF (Reuters) -German electronics retailer Ceconomy confirmed on Thursday it was in advanced negotiations over a potential takeover by China’s JD.com at 4.60 euros per share. Bloomberg had earlier reported that JD.com was nearing a decision on a bid for Ceconomy. Ceconomy shares were trading at 4.29 euros on …

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A.O. Smith lifts annual profit forecast, considers China partnership

24 Jul 2025

(Reuters) -Water heater maker A.O. Smith will consider strategic partnerships and other alternatives for its China business, it said on Thursday after raising its annual profit forecast. “We believe the China market has substantial long-term prospects and are committed to realizing the potential upside inherent in the company’s China business for our company,” CEO Steve …

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S&P Global lifts Pakistan’s credit rating ‘B-‘ from ‘CCC+’, outlook stable

24 Jul 2025

LONDON (Reuters) -S&P Global raised Pakistan’s sovereign credit rating to ‘B-‘ from ‘CCC+’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance revenue will stabilize fiscal …

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China releases draft law amendment to help curb price wars

24 Jul 2025

BEIJING (Reuters) -China released a draft amendment to its pricing law on Thursday as part of efforts to curb excessive competition and price wars among firms, amid persistent deflationary pressures. Chinese leaders have signaled they will rein in price wars among producers as expectations grow for a new round of factory capacity cuts in a …

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Japan copper smelters face tough talks with global miners over processing fee

24 Jul 2025

By Yuka Obayashi TOKYO (Reuters) -Japanese copper smelters face tough mid-year negotiations with global miners over treatment and processing charges (TC/RCs) as they wouldn’t be able to accept the very low terms that Chinese smelters agreed with suppliers, the Japan Mining Industry Association’s head said on Thursday. Some Chinese smelters agreed TC/RCs of $0 per …

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Pakistan spy agency targets black market dollar trade to curb rupee slide

24 Jul 2025

By Ariba Shahid KARACHI (Reuters) -A deputy chief at Pakistan’s spy agency met with currency exchange firms this week amid a sharp slide in the rupee, leading to a crackdown on black market dollar trade, the head of the country’s forex association told Reuters on Thursday.  The move, a demonstration of the military’s growing role in managing …

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US, Indonesia discussing strategic management of critical minerals trade, minister says

24 Jul 2025

By Stefanno Sulaiman JAKARTA (Reuters) -The United States and Indonesia are discussing joint measures to monitor and manage trade in Indonesian critical minerals that have strategic value, an Indonesian minister said on Thursday as he gave details of ongoing talks between the two countries. Indonesia is one of only a only a handful of countries …

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