Reuters Asia Business

By Raphael Satter WASHINGTON (Reuters) -Two sprawling digital black markets operating on the communications platform Telegram have been removed, the service said on Thursday. Xinbi Guarantee and Huione Guarantee – Chinese-language markets known for serving cybercriminals and scammers – appeared to be inactive on Thursday. Telegram provided little further detail in a message to Reuters …

2 massive black market services blocked by Telegram, messaging app says Read More »

By Robert Harvey and Enes Tunagur LONDON (Reuters) -World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a lower forecast from U.S. shale producers. The IEA expects global supply to rise by 1.6 …

Global oil supply to rise faster than expected after OPEC+ hike, IEA says Read More »

By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -Japan’s top trade negotiator, Ryosei Akazawa, could travel to Washington as soon as next week for a third round of trade talks with the U.S., two sources with knowledge of the plans told Reuters on Thursday. The date of his visit was fluid and would depend on …

Japan to seek third round of US trade talks next week, sources say Read More »

By Casey Hall and Deborah Mary Sophia (Reuters) -Alibaba posted quarterly revenue that missed analysts’ estimates on Thursday, as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs. U.S.-listed shares of the Chinese company fell nearly 7% in early trading. …

Alibaba misses revenue estimates as it fights for China e-commerce market dominance Read More »

By Aaditya GovindRao and Lisa Barrington (Reuters) -Singapore Airlines reported a record annual net profit on Thursday, boosted by a one-off gain from the merger of Air India and Vistara, but lower air fares in response to increased competition weighed on operating profit. The airline group recognised a one-off gain of about S$1.1 billion ($847.20 …

Air India merger fuels Singapore Airlines record profit as competition bites Read More »

By Che Pan, Brenda Goh BEIJING (Reuters) -Chinese smartphone and EV maker Xiaomi said on Thursday it will launch a new self-developed advanced mobile chip, XringO1, in late May, as it seeks to power more of its high-end devices with proprietary silicon. The announcement was made by Xiaomi’s CEO Lei Jun on his Weibo account. …

China’s Xiaomi to launch self-developed mobile chip in late May Read More »

By Anton Bridge TOKYO (Reuters) -Japan’s three largest banking groups posted record annual net profit in the last financial year, benefitting from increased corporate activity due to the end of deflation in Japan. The banks also expect to increase earnings this financial year – forecasting record profits once again – even though the economic outlook …

Japan’s megabanks forecast more record profits despite tariff uncertainty Read More »