Reuters Asia Business

By Chibuike Oguh NEW YORK (Reuters) -Global stocks rose while the U.S. dollar weakened on Thursday as markets digested an ongoing court battle over President Donald Trump’s so-called “Liberation Day” tariffs. The U.S. Court of International Trade issued a ruling late on Wednesday that Trump overstepped his authority by imposing across-the-board duties on imports from …

Stocks gain, dollar weakens as court battle over tariffs take center stage Read More »

(Reuters) -Hyundai Motor is considering a 1% price increase on its entire U.S. lineup, looking to soften a hit from U.S. President Donald Trump’s tariffs, Bloomberg News reported on Thursday, citing people familiar with the matter.  The price hikes could come as soon as next week and would affect the suggested retail price of every …

Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports Read More »

By Raphael Satter WASHINGTON (Reuters) -The U.S. Treasury is placing under sanctions a Philippines-based company accused of providing internet infrastructure to a swathe of virtual currency investment scams, better known as “pig butchering.”  In a statement issued on Thursday, Treasury officials said they were taking action against Funnull Technology Inc., which they accused of buying …

US sanctions Philippines digital infrastructure provider linked to virtual currency scams Read More »

NEW YORK (Reuters) -Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump’s tariffs. This came a day after a trade court blocked most of the U.S. president’s tariffs going into effect. The S&P 500 ended up 0.4% higher on the day after …

Markets shrug off US appeals court’s decision to reinstate Trump tariffs Read More »

By Arsheeya Bajwa, Stephen Nellis (Reuters) -Nvidia beat quarterly sales expectations as customers stockpiled its AI chips before fresh U.S. curbs on China exports took effect, but the same restrictions will slice off $8 billion in sales from the company’s current quarter, forcing the company to offer a forecast below Wall Street estimates on Wednesday.  …

Nvidia shares rise as sales hit from China export curbs not as bad as feared Read More »

By Brenda Goh and Eduardo Baptista SHANGHAI/BEIJING -Chinese artificial intelligence startup DeepSeek released the first update to its hit R1 reasoning model in the early hours of Thursday, stepping up competition with U.S. rivals such as OpenAI. DeepSeek said via developer platform Hugging Face that R1-0528 was a minor version upgrade of R1 that nevertheless …

Chinese AI start-up DeepSeek pushes US rivals with R1 model upgrade Read More »

(Reuters) -U.S. liquefied natural gas producer NextDecade said on Thursday it had signed a 20-year deal to supply Japan’s biggest power generator JERA with 2 million tonnes per annum of LNG from its Rio Grande project’s fifth liquefaction facility. Shares of NextDecade were up 5.5% at $8.11 in early trading. The United States is the …

NextDecade, Japan’s JERA sign 20-year LNG supply deal Read More »

MOSCOW (Reuters) – Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia’s Interfax news agency cited Kazakhstan’s Deputy Energy Minister Alibek Zhamauov as saying on Thursday. “We have already told OPEC that we are not going to cut back and we will produce at our capacity,” Zhamauov said. (Reporting …

Kazakhstan says it has told OPEC it won’t cut oil output, Interfax reports Read More »

By Sam Nussey TOKYO (Reuters) -Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony …

Sony says spin-off will give financial arm its own fundraising capabilities Read More »