Reuters Asia Business

By Sudarshan Varadhan and Ashley Tang KUALA LUMPUR (Reuters) -The operators of energy-hungry data centres in Malaysia are scrambling to reassess costs after steeper-than-expected power tariffs kicked in on Tuesday, industry players said, clouding prospects for the Southeast Asian hub of digital investments. Competitive rates for electricity, which forms the bulk of operating costs, make …

Malaysia data centres battle higher power costs, unclear pricing Read More »

BEIJING (Reuters) -Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan ($1.65 billion) in initial public offerings, hoping U.S. curbs on advanced chip sales to China will boost local demand for their products, their filings show. Beijing-based Moore Threads plans to raise 8 billion yuan, while Shanghai-based MetaX seeks …

Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth Read More »

JAKARTA (Reuters) -Indonesia’s annual inflation rate was 1.87% in June, the statistics bureau said on Tuesday, just above market expectations. A Reuters poll of analysts had expected an annual inflation rate of 1.80% in June. Bank Indonesia has a target range of 1.5% to 3.5% for inflation. Core inflation data will be released later on …

Indonesian annual inflation at 1.87% in June, just above expectations Read More »

(Reuters) -Chinese search engine giant Baidu said on Tuesday that Haijian He has been appointed as chief financial officer of the company, effective immediately. Junjie He, who was serving as the interim CFO since October last year, will now assume a senior vice president role, the company said. (Reporting by Rhea Rose Abraham in Bengaluru; …

Baidu appoints Haijian He as CFO Read More »

BEIJING (Reuters) -China’s resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed on Tuesday. Resale home prices dropped 0.75% in June, compared with a 0.71% decline in May, and slumped 7.26% year-on-year from a …

Resale home prices drop at faster pace in China, private survey shows Read More »

By Siyi Liu SINGAPORE (Reuters) -Saudi Arabia, the world’s biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in four months, after spot prices surged during the Iran-Israel conflict and on robust summer fuel demand, trade sources said. The August official selling price (OSP) for flagship Arab …

Saudi Arabia may raise August oil prices to Asia to 4-month high Read More »

BANGKOK (Reuters) -Thailand’s foreign tourist arrivals from January 1 to June 29 fell 4.56% from the same period a year earlier, the Tourism Ministry said on Tuesday. There were about 16.61 million foreign visitors during the period, it said in a statement. Malaysia was the largest source country with 2.29 million visitors, followed by China …

Thailand foreign visitors down 4.6% y/y so far in 2025 Read More »