Reuters Asia Business Archives - Page 377 of 2133

Dollar rise against major currencies; bitcoin hits fresh record high

10 Jul 2025 10 Jul 2025

NEW YORK (Reuters) -The U.S. dollar rose against major currencies including the euro and the Swiss franc on Thursday as currency markets largely shrugged off President Donald Trump’s latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding. Investors were hungry for riskier assets, with the most damaging tariff scenarios …

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Logan Group wins bondholder approval for Shenzhen unit’s debt restructuring

10 Jul 2025 10 Jul 2025

(Corrects city name in headline) (Reuters) -Shenzhen-based developer Logan Group said on Thursday it has secured full bondholder approval for a sweeping debt restructuring, covering 21 onshore corporate bonds and asset-backed securities issued by its unit, Shenzhen Logan Holdings. The restructuring will adjust repayment for both principal and interest on the bonds, with four options …

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Indonesia names nine more suspects in Pertamina graft probe

10 Jul 2025 10 Jul 2025

JAKARTA (Reuters) -The Indonesia Attorney General’s Office (AGO) on Thursday named nine more people as suspects in a corruption investigation involving state energy company PT Pertamina. Indonesia has previously named a number of former Pertamina executives as suspects in an investigation into alleged corrupt activities between 2018 and 2023. Prosecutors said the activities resulted in …

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Japan PM Ishiba urges less US dependence as Tokyo faces new tariffs

10 Jul 2025 10 Jul 2025

TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Thursday his country needed to wean itself from U.S. dependence in such key areas as security, food and energy, as Tokyo faces the prospect of new U.S. tariffs in three weeks. “If they think Japan ought to follow what America says as we depend heavily on …

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TSMC second-quarter sales rise 38.6% y/y, beat forecasts

10 Jul 2025 10 Jul 2025

TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company’s products leaps on surging interest in artificial intelligence applications. Revenue for April-June came in at T$933.8 billion ($31.9 billion), according to Reuters calculations, rising 38.6% from T$673.51 billion in …

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EU lawmakers rebuke China over rare earth curbs before summit

10 Jul 2025 10 Jul 2025

BRUSSELS (Reuters) -The European Parliament condemned China on Thursday over its export restrictions on rare earths and insisted the European Union must reject any attempts by Beijing to use the restrictions to force concessions from the bloc. Two weeks before an EU-China summit at which rare earths are set to be a key topic, EU …

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China solar stocks surge as Beijing moves to calm price wars

10 Jul 2025 10 Jul 2025

By Colleen Howe BEIJING (Reuters) -Some China solar stocks jumped sharply on Thursday, continuing a multi-day rise on news that Beijing wants to dampen aggressive price cutting that has driven down prices of some components by nearly 30% in the year to May, according to one estimate. Overcapacity among Chinese manufacturers and price cuts made …

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Seven & i posts stronger profit boosted by overseas convenience stores

10 Jul 2025 10 Jul 2025

By Sam Nussey TOKYO (Reuters) -Japan’s Seven & i Holdings said on Thursday operating profit rose 9.7% in the March to May quarter, beating analysts’ estimates, helped by improved performance by its overseas convenience stores business. The 7-Eleven operator is under pressure to improve its earnings in the face of a $47 billion takeover bid …

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CVC invests in Singaporean tech company Airalo at $1 billion-plus valuation

10 Jul 2025 10 Jul 2025

By Amy-Jo Crowley LONDON (Reuters) -European private equity firm CVC led a $220-million funding round in Singaporean travel technology specialist Airalo, valuing the business at more than $1 billion, the companies said on Thursday. CVC, which has 202 billion euros ($236.52 billion) of assets under management, invested $185 million in the new round, with existing …

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India automaker Mahindra, parts maker Minda eye local magnet production, sources say

10 Jul 2025 10 Jul 2025

By Aditi Shah and Neha Arora NEW DELHI (Reuters) -Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around …

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Reuters Asia Business﻿﻿

Reuters Asia Business