Reuters Asia Business

BEIJING/SHANGHAI (Reuters) -China’s Baidu started layoffs this week that will hit multiple business units, six sources briefed on the matter said, as the company struggles with intensifying competition in artificial intelligence and declining advertising revenue. The move by the company, which runs China’s largest search engine, comes shortly after it reported a third-quarter loss on …

China’s Baidu starts layoffs after reporting third-quarter loss – sources Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi’s government on Friday finalised a $117 billion supplementary budget for this financial year to fund a massive stimulus package, most of which will be financed through new debt issuance. The 18.3 trillion yen ($117 billion) general account spending under the extra budget exceeds last year’s …

Japan finalises $117 billion extra budget to fund stimulus, mostly via debt Read More »

BEIJING (Reuters) -China’s factory sector likely shrank for an eighth month in November, highlighting the dilemma facing policymakers over whether to press ahead with tough structural reforms or roll out further stimulus amid faltering domestic and external demand. A Reuters poll of 21 economists forecast the official purchasing managers’ index (PMI) would rise to 49.2 …

China’s factory activity set to shrink for eighth month – Reuters poll Read More »

SINGAPORE (Reuters) -Singapore state investor Temasek Holdings has appointed former DBS Group Chief Executive Officer Piyush Gupta in an advisory capacity as its chairman in India, effective December 1, 2025, it said on Friday. In the non-executive role, Gupta will work with Ravi Lambah, Temasek’s head of India and strategic initiatives, to shape investment strategies, …

Singapore’s Temasek names former DBS CEO Piyush Gupta as India chairman Read More »