Reuters Asia Business

By Rishav Chatterjee and Yantoultra Ngui (Reuters) -Great Eastern is proposing to delist from the Singapore bourse by way of its largest shareholder Oversea-Chinese Banking Corp offering S$900 million ($699.9 million) to buy the rest of the insurer it does not already own, according to joint statement and filings on Friday. Trading in Singapore-based Great …

Singapore’s Great Eastern proposes delisting with OCBC’s $700 million offer Read More »

(Reuters) -Newly launched sovereign wealth fund Danantara Indonesia is in early talks with GoTo to get a piece of U.S.-listed rival Grab’s potential buyout of the ride-hailing and food delivery firm, Bloomberg News reported on Friday. The fund is seeking a minority stake in the combined entity, which could help ease the Indonesian government’s concerns …

Indonesia wealth fund considers stake in Grab-GoTo deal, Bloomberg News reports Read More »

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending unexpectedly fell in April, government data showed on Friday, as consumers tightened their purse strings in the face of higher prices. Consumer spending fell 0.1% in April from a year earlier, according to the internal affairs ministry. That was worse than the median market forecast for 1.4% …

Japan’s April household spending unexpectedly falls Read More »

(Reuters) -Hong Kong-based insurer AIA Group said on Friday that it has appointed former HSBC Chairman Mark Tucker to succeed Edmund Sze-Wing Tse, who will retire from his non-executive chair position on September 30. Tse will make way for Tucker, who previously served as AIA’s executive chief and president, to assume the role. Tucker will …

AIA Group names former HSBC Chairman Mark Tucker to succeed Edmund Tse Read More »

TOKYO (Reuters) -Japan has eased its demand for a full repeal of the 25% U.S. auto tariff and is instead proposing a mechanism to reduce the rate based on how much countries contribute to the U.S. auto industry, the Asahi newspaper reported on Friday. Japan’s chief tariff negotiator, Ryosei Akazawa, is in Washington for a …

Japan eases demand for US auto tariff repeal, proposes scaled reduction plan, Asahi reports Read More »

By Helen Reid LONDON (Reuters) -Pan-European consumers organisation BEUC filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of “dark patterns”, tactics designed to make people buy more on its app and website. Pop-ups urging customers not to leave the app or risk losing promotions, countdown timers …

Shein hit with complaint from EU consumer group over ‘dark patterns’ Read More »

By Saqib Iqbal Ahmed and Chibuike Oguh NEW YORK (Reuters) -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market conditions amid mounting economic headwinds from tariffs. The ECB cut interest rates for the …

Dollar drops against euro after ECB indicates possible end to rate easing cycle Read More »

By Emma Rumney LONDON (Reuters) -Popular vape brands like Geek Bar may get more expensive in the U.S. – if you can find them at all. Shipments of vapes from China to the U.S. ground to a near halt in May from a year ago, official data shows, hit by U.S. President Donald Trump’s tariffs …

US faces vape shortage as China tariffs, seizures hit Geek Bar Read More »