Reuters Asia Business

By Kane Wu HONG KONG (Reuters) -China Mobile’s HK$7.8 billion ($996.1 million) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based company is open to engage with more bidders to get the best value for shareholders, its CEO said on Monday. State-owned China Mobile made an offer for HKBN at …

HKBN’s chief executive says China Mobile offer not good enough, open to more bidders Read More »

SHANGHAI (Reuters) -Chinese e-commerce giant Alibaba said Monday that its Taobao Instant Commerce portal, which delivers items within 60 minutes, has surpassed 40 million daily orders within a month of launching. The portal brings merchants from Alibaba’s food delivery arm Ele.me onto its main domestic shopping app, Taobao, and is part of a broader move …

Alibaba’s new ‘instant commerce’ portal passes 40 million daily orders Read More »

SEOUL (Reuters) -The United States demanded that South Korea resolve the large trade imbalance between the countries during recent trade talks, South Korean media reported on Monday. The U.S. repeatedly raised the issue of the trade imbalance in the commodity sector and both countries agreed it was necessary to address it, broadcaster YTN and the …

US demanded South Korea resolve trade imbalance in recent talks, media reports say Read More »

By Summer Zhen HONG KONG (Reuters) -Asian equity-focused hedge funds have risen in May, erasing April’s tariff-driven losses and returning to year-to-date highs on the back of broad market gains. Asia-focused fundamental long-short hedge funds have posted a gain of 1.6% so far this month, bringing year-to-date performance back to the first-quarter high of 6.1%, …

Asian hedge funds regain lost ground in May, increasing leverage Read More »

TOKYO (Reuters) -Japan’s government plans to spend 900 billion yen ($6.3 billion) in state funds for an emergency relief package to cushion the blow from U.S. tariffs, Kyodo news agency reported on Monday. To finance the package including mitigation of utility costs and financial aid for smaller firms, the government plans to utilise budget reserves, …

Japan to spend $6.3 billion for tariff relief package, Kyodo reports Read More »

BEIJING (Reuters) -China is weighing new policy tools in the face of an international economic and trade order that is “under severe impact”, Chinese Premier Li Qiang told a symposium with Chinese firms in Jakarta over the weekend. “The fragmentation of industrial and supply chains has deepened, and trade barriers have increased, which has had …

China mulling new economic policy tools, Premier Li says Read More »

BANGKOK (Reuters) -Thailand is planning a bid to host a Formula One street race in its capital Bangkok in 2028 and will seek cabinet approval for its proposal next week, a government official said on Monday. Thai Prime Minister Paetongtarn Shinawatra, who attended the Monaco Grand Prix at the weekend, will propose a “Sustainable F1”, government …

Motor racing-Thailand plans to submit bid for F1 race in 2028  Read More »