Reuters Asia Business Archives - Page 540 of 2133

China’s April resale home prices fall as more properties put up for sale, report says

1 May 2025 1 May 2025

BEIJING (Reuters) -The average price of resale homes across 100 Chinese cities fell by 0.7% month-on-month in April, a report by a Chinese real estate research institute said, as more residential properties came onto the market boosting competition for buyers. “Price cuts to drive sales remained the market norm,” the China Index Academy wrote in …

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Japan Mitsui’s annual net profit down 15%, misses expectations

1 May 2025 1 May 2025

TOKYO (Reuters) -Japanese trading house Mitsui on Thursday posted a 900.3 billion yen ($6.3 billion) net profit for the year ended in March, 15.4% down from a year ago amid weaker performance in its liquefied natural gas trading and lower coking coal prices. An LSEG poll of analysts had expected Mitsui to post 913.6 billion …

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Trump says he has ‘potential deals’ with India, South Korea, Japan

1 May 2025 1 May 2025

WASHINGTON (Reuters) -President Donald Trump said on Wednesday that he has “potential” trade deals with India, South Korea and Japan as he seeks to convert his tariff policy into trade agreements. At a town hall on the NewsNation television network, Trump was asked when he would be announcing agreements with those three countries. “We have …

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Japan, China, South Korea, ASEAN to expand currency swap programme, Nikkei says

1 May 2025 1 May 2025

TOKYO (Reuters) -Japan, China, South Korea and ASEAN countries are expected to expand their emergency currency swap programme as early as this month to include infectious disease outbreaks and natural disasters, Nikkei Asia reported on Thursday. A currency swap arrangement known as the Chiang Mai Initiative, created after the 1997-98 Asian financial crisis, exists to …

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Japan’s factory activity falls on US tariff worries, PMI shows

1 May 2025 1 May 2025

TOKYO (Reuters) – Japan’s factory activity shrank for the 10th straight month in April on weaker overseas demand and worsening concerns about U.S. tariffs, a private-sector survey showed on Thursday. The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) edged up to 48.7 in April from 48.4 in March, indicating a modest contraction …

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Qualcomm forecasts Trump tariffs will dent revenue, shares fall 6%

1 May 2025 1 May 2025

By Arsheeya Bajwa and Max A. Cherney (Reuters) – Mobile chip designer Qualcomm on Wednesday forecast third-quarter revenue that would not meet estimates, joining other tech companies such as Snap and Samsung that voiced concerns about the effects of U.S. President Donald Trump’s trade war. Qualcomm third-quarter estimates reflected the impact of the tariffs “as …

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Meta, Microsoft reports lift AI-related stocks

30 Apr 2025 30 Apr 2025

(Reuters) -Shares in artificial intelligence and cloud-computing-related companies were rising sharply in late trade on Wednesday after Meta Platforms and Microsoft results beat Wall Street expectations. The reports appeared to boost demand for shares in AI chip leader Nvidia Corp, which rose 2.8% in late trading, and chip rival Advanced Micro Devices, which rose 2%. …

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Japan’s Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

30 Apr 2025 30 Apr 2025

(Reuters) -Japan’s Sumitomo and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China. Rare earths are a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cell …

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Emirates executive says no impact seen from US tariffs, but airline remains vigilant

30 Apr 2025 30 Apr 2025

DUBAI (Reuters) -Emirates has not seen any impact from U.S. President Donald Trump’s tariffs, but remains cautious due to ongoing uncertainty, the airline’s Deputy President and Chief Commercial Officer Adnan Kazim told Reuters on Wednesday. “Things are looking quite positive. But it’s something, again, you cannot ignore. There are so many uncertainties out there that …

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DeepSeek available to download again in South Korea after suspension

30 Apr 2025 30 Apr 2025

SEOUL (Reuters) -Chinese artificial intelligence service DeepSeek became available again on South Korean app markets on Monday for the first time in about two months, when downloads were suspended after authorities cited breaches in data protection rules. South Korea’s Personal Information Protection Commission said on Thursday that DeepSeek transferred user data and prompts without permission …

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Reuters Asia Business﻿﻿

Reuters Asia Business