Reuters Asia Business

By Hyunjoo Jin and David Dolan TOKYO/SEOUL (Reuters) -Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%, a move that stoked optimism about a similar agreement for Seoul and Brussels. Shares …

Shares in Japanese, South Korean, European automakers surge on Tokyo trade deal Read More »

By Juveria Tabassum (Reuters) -Coca-Cola’s quarterly estimates beat expectations, the company said Tuesday, boosted by higher prices even as volumes dropped in key markets, while the company said it would introduce a Coke product made with cane sugar in the United States. Higher prices offset slippage in volumes, which fell 1% after rising 2% each …

Coca-Cola plans cane-sugar Coke as higher prices boost profits Read More »

By Kevin Buckland TOKYO (Reuters) -Japanese automakers led a surge in the Nikkei share average to a one-year peak on Wednesday, after Tokyo reached a trade deal with Washington, ending a months-long stalemate. Under the agreement, Japanese exports to the United States face a 15% levy, down from a threatened tariff of 25%. Specific duties …

Japan’s Nikkei soars to one-year peak on trade deal; bonds slide Read More »

(Reuters) -Shares in major European carmakers rose on Wednesday, tracking a steep rally in some of their Asian rivals, after Tokyo struck a trade deal with the United States, fuelling optimism for a similar agreement with Europe. Shares in Japanese and South Korean automakers surged overnight on news the deal would cut the U.S. tariff …

European auto shares rally after US-Japan trade deal Read More »

(Reuters) -McKinsey has instructed its mainland China business to steer clear of projects deploying generative artificial intelligence, the Financial Times reported on Wednesday, citing two people with knowledge of the matter. The move was prompted by the US governments increasing scrutiny of US companies operating in sensitive sectors such as AI and quantum computing in …

McKinsey bars China business from generative AI consultancy work, FT reports Read More »

By Leika Kihara KOCHI, Japan (Reuters) -Japan’s trade deal with the U.S. has reduced uncertainty surrounding the economy, the central bank’s deputy governor Shinichi Uchida said, signaling optimism that conditions for resuming interest rate hikes may start to fall in place. Uchida’s remark came hours after U.S. President Donald Trump announced a trade deal with …

BOJ sees trade deal as raising chance of meeting inflation goal Read More »

By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s Prime Minister Anwar Ibrahim announced new measures  on Wednesday to address growing public disquiet about the rising cost of living, including a cash handout for all adult citizens and a promise to lower fuel prices. His statement in a televised broadcast came ahead of a …

Malaysia PM announces cash aid, fuel price cut to address rising living costs Read More »