Reuters Asia Business

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-largest bank, Oversea-Chinese Banking Corp, on Wednesday joined rivals in declaring multi-billion capital returns alongside their 2024 record earnings but warned of an uncertain global outlook from tariffs and trade tensions. Global growth and trade activities could be impeded by U.S. President Donald Trump’s trade tariffs and heightened trade …

Singapore banks declare multi-billion dollar capital returns; OCBC Q4 profit misses Read More »

BEIJING (Reuters) -Chinese e-commerce leader Alibaba said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 is now publicly available – or open source – in a move likely to increase its uptake and intensify competition in AI. Alibaba’s announcement follows similar action from startup DeepSeek whose ostensibly low-cost open-source models earlier this …

Alibaba makes AI model for video, image generation publicly available Read More »

By Sneha S K and Patrick Wingrove (Reuters) – Johnson & Johnson sued Samsung Bioepis for allegedly breaching a contract agreement over its launch of a biosimilar to Stelara, J&J’s blockbuster psoriasis treatment. The lawsuit, filed late on Monday in a New Jersey federal court, involves an unauthorized sublicense deal with a private label provider …

J&J sues Samsung Bioepis over Stelara biosimilar Read More »

By Yuka Obayashi and Rocky Swift TOKYO (Reuters) – Nippon Steel plans to use its current merger agreement to acquire U.S. Steel as a starting point for talks with the U.S. government, President Tadashi Imai said on Tuesday, as it aims to revive the deal. Earlier this month, U.S. President Donald Trump, alongside Japanese Prime …

Nippon Steel to use U.S. Steel merger agreement as base for US gov’t talks, president says Read More »

By Rocky Swift and Nobuhiro Kubo TOKYO (Reuters) -Japan’s ANA Holdings said on Tuesday it planned to place a company-record order for up to 77 aircraft to replenish its fleet and take advantage of growing demand for travel. The order was its largest ever in terms of aircraft numbers and was worth more than 2.1 …

Japan’s ANA taps Boeing, Airbus, Embraer in 77-jet order Read More »

(Reuters) – Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market. The companies had agreed upon a $3.6 billion deal in 2020 at the height of the pandemic, …

Baidu buys JOYY’s China live-streaming unit for $2.1 billion in digital video push Read More »