Reuters Asia Business

(Corrects spelling of Macau throughout) (Reuters) -Casino operator Las Vegas Sands beat analysts’ expectations for second-quarter profit and revenue on Wednesday, driven by strength in its Singapore and Macau businesses, sending its shares up 4.6% in trading after the bell. Total revenue rose 36% to $1.4 billion from its Singapore operations and 2.5% to $1.8 …

Las Vegas Sands beats earnings estimates as Singapore, Macau drive revenue growth Read More »

By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea’s economy grew at the fastest pace in more than a year in the second quarter, surpassing market expectations, buoyed by rebounding consumer spending and a surge in exports driven by demand for technology. The upbeat growth data could give the Bank of Korea more policy …

South Korea posts fastest economic growth since early 2024 Read More »

TOKYO (Reuters) -Japan’s manufacturing activity slipped into contraction in July, weighed down by uncertainties over U.S. tariffs, a private-sector survey showed on Thursday. At the same time, Japan’s service sector continued to outshine the struggling manufacturing industry, with activity growing at the fastest pace in five months, helped by robust demand. “Business activity across Japan’s …

Japan’s factory activity slips into contraction in July, PMI shows Read More »

BANGKOK (Reuters) -Thai flag carrier Thai Airways International will resume trading in August, the stock exchange said on Wednesday, marking the end of a long restructuring process triggered by the pandemic.  In 2020, the national carrier went into bankruptcy-protected restructuring, and drew up plans to restructure debts worth 400 billion baht ($11.17 billion). As part …

Thai Airways to resume trading on August 4 Read More »

(Reuters) -Amazon is shutting down its Shanghai artificial intelligence lab, which was established by its cloud services arm in 2018, the Financial Times reported on Wednesday. The report comes after Reuters first reported last week that the company had cut at least hundreds of jobs globally in Amazon Web Services, just a month after Amazon …

Amazon shuts down Shanghai AI research lab, FT says Read More »

(Reuters) -DuPont said on Wednesday that Chinese regulators have suspended an antitrust investigation into its Tyvek business, months after launching it amid a flare-up in trade tensions with the U.S. The chemical company did not disclose why the probe was halted. China’s State Administration for Market Regulation launched the probe on April 4 for alleged …

China suspends antitrust investigation into DuPont’s Tyvek business Read More »

By Tim Kelly, Satoshi Sugiyama and Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba denied on Wednesday he had decided to quit after a source and media reports said he planned to announce his resignation to take responsibility for a bruising upper house election defeat. Asked about media reports that he had expressed his …

Japan’s PM Ishiba denies he has decided to quit Read More »