Reuters Asia Business

By Heekyong Yang SEOUL (Reuters) -Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia. The world’s biggest maker of memory chips is projected to report an April-June operating profit of 6.3 trillion won ($4.62 …

Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales Read More »

JAKARTA (Reuters) -Indonesia’s Internal Affairs Minister Tito Karnavian on Monday said he has asked the country’s mining ministry to ease a copper concentrate export ban for Amman Mineral International, citing its effect on the local economy. Tito said the economy of Nusa Tenggara Barat province, where Amman operates, contracted by 1.47% annually in the first …

Indonesian minister seeks support to allow Amman to export copper concentrate Read More »

By Scott Murdoch and David Dolan SYDNEY/TOKYO (Reuters) -Japan’s Nissan Motor plans to sell $4 billion worth of U.S. dollar- and euro-denominated senior unsecured bonds, showed a term sheet reviewed by Reuters on Monday. The plan comes about a week after Reuters reported that Nissan has asked some suppliers to allow it to delay payments …

Nissan Motor eyes $4 billion in bond sales, term sheet shows Read More »

By Charlie Conchie and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Tariffs and Middle East turmoil are spooking European companies and the investors weighing their initial public offerings even as volatility subsides and money flows back into equity markets, advisers told Reuters.  President Donald Trump’s announcement of sweeping tariffs targeting imports from nearly all U.S. trading partners in …

Tariffs, geopolitics drag on European IPOs, even as funds flow in Read More »

By Kaori Kaneko TOKYO (Reuters) -U.S. President Donald Trump has complained that Japan was not buying American rice, putting pressure on Tokyo as it struggles to seal a trade deal before so-called “reciprocal” tariffs are set to kick in on July 9. Tokyo has not budged on rice, a staple food and cultural heritage that …

What is Japan’s trade policy on rice? Read More »

By Kaori Kaneko JOETSU, Japan (Reuters) -For more than half a century, the Japanese government has encouraged its rice farmers to grow less of the crop so that prices of the national staple grain remained relatively high and steady.  Now, under an ambitious agricultural policy announced this year, Tokyo is preparing for a reversal, envisaging …

In reversal, Japan now wants rice farmers to produce more. Will it work? Read More »