Reuters Asia Business

By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippine economy expanded slightly faster in the first quarter even as growth lagged expectations, with household consumption and public spending underpinning momentum as the country faces rising external headwinds from U.S. tariffs. Gross domestic product rose by an annual 5.4% in the January–March quarter, official data …

Philippines Q1 GDP grows slightly faster but lags expectations Read More »

BANGKOK (Reuters) -A Thai selection committee plans to shortlist candidates to be the next central bank chief by July 2, an official said on Thursday, ahead of the end of incumbent Governor Sethaput Suthiwartnarueput’s five-year term in September. The new Bank of Thailand governor will face a tough task of steering the country’s underperforming economy, the …

Thailand to shortlist central bank chief candidates by July 2, official says Read More »

(Reuters) -Chinese automaker Geely Automobile on Wednesday offered to pay $2.2 billion to privatise its unit Zeekr just a year after it took the EV brand public in the U.S., saying it wanted to consolidate its business to fend off competition. Geely offered to pay $25.66 per Zeekr’s American Depositary Share, a premium of 13.6% …

Chinese carmaker Geely offers to take Zeekr unit private in $2.2 billion deal Read More »

HONG KONG (Reuters) -Shares of Chinese automaker Geely Automobile jumped nearly 7% on Thursday after it offered to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States. Geely’s shares rose as much as 6.7% in early trade to HK$17.90 ($2.30). Geely …

China carmaker Geely shares rise nearly 7% after Zeekr unit offer Read More »

TOKYO (Reuters) -Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming from U.S. tariff policies heightened, minutes of their meeting showed on Thursday. “Downside risks stemming from U.S. policies had rapidly heightened and, depending on future developments in its tariff policy, it …

BOJ split over how US policies impact rate hikes, March minutes show Read More »

SEOUL (Reuters) – SK Group Chairman Chey Tae-won apologised on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The data breach, which SK attributed to a malware attack, was detected on …

SK Group Chairman Chey apologises for massive data leak at SK Telecom Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices fell by more than $1 a barrel on Wednesday as investors doubted that upcoming U.S.-China trade talks will result in a breakthrough, while hopes for an Iran-U.S. nuclear deal eased supply worries. Brent crude futures settled $1.03, or 1.66%, lower at $61.12 a barrel while U.S. West …

Oil settles lower as hopes dim for US-China trade and supply worries ease Read More »