Reuters Asia Business

Philippines’ DoubleDragon subsidiary Hotel101 progresses towards Nasdaq listing

2 Jun 2025

SINGAPORE (Reuters) -Hotel101 Global Holdings Corp and Nasdaq-listed special purpose acquisition company JVSPAC Acquisition Corp said on Monday they had obtained a regulatory nod to proceed with a business combination agreement. They said in a statement that the U.S. Securities and Exchange Commission had declared effective Hotel101’s registration statement on form F-4 filed with the …

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China rejects Trump’s accusation that it breached Geneva trade deal

2 Jun 2025

(Reuters) -China said on Monday that U.S. President Donald Trump’s accusations that Beijing had violated the consensus reached in Geneva trade talks were “groundless”, and promised to take forceful measures to safeguard its interests. The comment by the commerce ministry was in response to Trump’s remarks on Friday that China had breached a bilateral deal …

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Indonesia’s economic incentives to cost $1.5 billion, finance minister says

2 Jun 2025

JAKARTA (Reuters) -Indonesia’s economic policy package aimed at stimulating demand, which includes fare subsidies as well as cash and food handouts over June and July, will cost the government 24.44 trillion rupiah ($1.5 billion), the finance minister said on Monday. State-owned companies will cover around 850 billion rupiah in costs for policies like subsidising highway …

Indonesia’s economic incentives to cost $1.5 billion, finance minister says Read More »

Global airlines trim 2025 profit forecast over trade tensions and supply woes

2 Jun 2025

By Shivansh Tiwary and Tim Hepher NEW DELHI (Reuters) -Global airlines shaved a key forecast for 2025 industry-wide profits on Monday, blaming trade tensions and declining consumer confidence, while hitting out at “unacceptable” delays in jetliner deliveries that have hindered their growth plans. The IATA industry body now expects global airlines to post a combined …

Global airlines trim 2025 profit forecast over trade tensions and supply woes Read More »

Vietnam Airlines to finalise order for 50 Boeing 737 MAX jets ‘very soon’, executive says

2 Jun 2025

NEW DELHI (Reuters) -Flag carrier Vietnam Airlines will “very soon” finalise a provisional order for 50 Boeing 737 MAX jets that it made in 2023, a company executive told Reuters on Monday. The carrier will need up to 100 new narrow-body aircraft by 2035 to expand operations and replace existing aircraft, the executive said, declining …

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S.Korean shares flat ahead of election; chipmakers counter losses in steelmakers

2 Jun 2025

SEOUL (Reuters) -Round-up of South Korean financial markets: ** South Korean shares ended little changed on Monday, as gains in chipmakers offset losses in steelmakers, while investor focus was on the country’s snap presidential election a day later. ** The benchmark KOSPI closed up 1.30 points, or 0.05%, at 2,698.97. ** Chipmaker Samsung Electronics rose …

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Hong Kong property firm New World’s securities tumble after coupon payments deferred

2 Jun 2025

By Clare Jim HONG KONG (Reuters) -New World Development, a major Hong Kong property developer, saw its shares and bonds tumble on Monday after announcing it would defer coupon payments on its perpetual bonds, increasing concerns about its liquidity. The market has been watching whether New World’s debt woes might be a harbinger of a …

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Japan Q1 capital spending hits record but some export sectors weak

2 Jun 2025

By Makiko Yamazaki TOKYO (Reuters) -Investment by Japanese companies in plants and equipment surged to a record in the first quarter led by industries focused on domestic demand, but key export sectors reduced spending in a sign that U.S. tariffs are undermining business confidence. Capital spending in January-March grew 6.4% to 18.8 trillion yen ($130 …

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China robotaxis, Indian pharma among hedge fund top picks at Sohn Hong Kong

2 Jun 2025

By Summer Zhen HONG KONG (Reuters) -Hedge funds revealed their top investment ideas, ranging from Chinese self-driving taxis, an Indian drug retailer, to a Korean nuclear plant builder, at the annual Sohn investment conference in Hong Kong. This year’s picks are geographically more diverse compared to last year, suggesting that investors are actively seeking to …

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