Reuters Asia Business

(Reuters) -Nvidia plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, the Financial Times reported on Wednesday, quoting CEO Jensen Huang. The artificial intelligence chip giant expects to spend around half-a-trillion dollars on electronics during the four-year period, according to the report. “I think we can …

Nvidia to invest billions in US chip production over four years, FT reports Read More »

(Updates to add sub-heads) SHANGHAI (Reuters) -Global investment banks have raised their projections for China’s economic growth and turned less bearish on the Chinese currency after early signs of economic recovery, though concerns over escalating trade disputes with the U.S. persist. Beijing rolled out fresh stimulus measures this week to boost domestic consumption and pledged …

Factbox-Global banks raise China’s growth forecast, ease bearish yuan views Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Parsing the Fed’s new economic projections and ‘dot plot’ Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now …

Morning bid: Markets soar as Powell brings back ‘transitory’ Read More »

By David Shepardson (Reuters) -Hino Motors, a subsidiary of Japanese automaker Toyota, pleaded guilty on Wednesday over a multi-year emissions fraud scheme in the United States and must pay $1.6 billion in penalties, the U.S. Justice Department said. U.S. District Court Judge Mark Goldsmith in Detroit accepted the Japanese truck and engine manufacturer’s guilty plea …

Toyota’s Hino Motors pleads guilty to US emissions fraud, fined $1.6 billion Read More »

By Lisa Baertlein, Karl Plume and Timothy Gardner LOS ANGELES/CARLSBAD, California (Reuters) – President Donald Trump’s plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods …

Proposed US port fees on China-built ships begin choking coal, agriculture exports Read More »

By Nidal al-Mughrabi and James Mackenzie CAIRO/JERUSALEM (Reuters) – The Israeli military said on Wednesday its forces resumed ground operations in the central and southern Gaza Strip, as a second day of airstrikes killed at least 48 Palestinians, according to local health workers. The renewed ground operations came a day after more than 400 Palestinians …

After airstrikes, Israel says it has launched new ground operation in Gaza Read More »

BEIJING (Reuters) – Chinese technology giant Tencent said on Wednesday it would boost capital expenditure in 2025, as it strengthens artificial intelligence development and infrastructure. Tencent President Martin Lau told reporters in a post-earnings call that capital spending would rise to the “low teens” as a percentage of revenue, with AI as a key focus …

Tencent joins China’s AI spending race with 2025 capex boost Read More »

BEIJING/SHANGHAI (Reuters) -Ping An Insurance (Group) Co of China Ltd reported a 47.8% rise in its net profit last year, driven by growth in its life and health insurance business as demand recovered.  The group posted a net profit of 126.607 billion yuan ($17.50 billion) in 2024, compared with 85.665 billion yuan a year earlier, …

China’s Ping An Insurance posts 48% rise in 2024 profit Read More »