Reuters Asia Business

(Reuters) – Chinese electric vehicle maker XPeng on Tuesday forecast first-quarter revenue above estimates, betting on the launch of its lower-priced G6 and G9 SUV models as well as its foray into European markets. China has a hyper-competitive EV market where carmakers try to undercut the competition by offering a bevy of features at a …

XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs Read More »

JAKARTA (Reuters) – Indonesia is preparing about 8 trillion rupiah ($487.21 million) of capital injection for the new state firm Agrinas Palma Nusantara, senior finance ministry official Rionald Silaban said on Tuesday. Agrinas, a state firm previously involved in construction that was converted into a palm oil company this year, will manage palm oil plantations …

Indonesia preparing $487 million capital injection for state firm managing seized palm oil plantations Read More »

BEIJING (Reuters) – Tech giant Tencent on Tuesday unveiled a suite of new artificial intelligence tools capable of converting text and images into 3D visuals in the latest example of growing Chinese momentum in the field of generative AI. Tencent released five open-source models based on its Hunyuan3D-2.0 technology, it announced in a statement, including …

Tencent expands AI push with open-source 3D generation tools Read More »

BEIJING (Reuters) – China’s Xiaomi raised its full-year target for electric vehicle deliveries to 350,000, founder Lei Jun said on Tuesday in a Weibo post, up from 300,000 EVs for 2025 set earlier this year. (Reporting by Beijing newsroom; Editing by Jacqueline Wong)

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate increased to 3.2% in the December 2024 to February 2025 period from 3.1% in the prior three-month period, the government said on Tuesday. The unemployment rate was steady at 3.1% in November-January, October-December, September-November and August-October periods, and was slightly up from 3% in the …

Hong Kong’s Dec-Feb unemployment rate rises to 3.2% Read More »

SEOUL (Reuters) – Most of the Bank of Korea’s board members assessed Asia’s fourth largest economy was losing steam faster than expected due to sluggish domestic spending and uncertainties from U.S. tariff policies, minutes from its previous meeting showed on Tuesday. The BOK cut interest rates by 25 basis points to 2.75% and significantly lowered …

Bank of Korea board wary of faster loss of economic momentum, minutes show Read More »