Reuters Asia Business

BEIJING (Reuters) – China’s central bank said it will support setting up a new model of real estate development to help stabilize the crisis-hit sector, according to a statement on Thursday. It will also improve real estate financial management, it said during a meeting to discuss this year’s macro-prudential policy. (This story has been corrected …

China central bank vows measures to support real estate sector Read More »

SEOUL (Reuters) – South Korea’s industry ministry said on Thursday it has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction. The move comes after South Korean authorities initiated an investigation into dumping by Chinese steel …

South Korea provisionally slaps tariffs on Chinese steel plates for dumping Read More »

By Anton Bridge and Kane Wu TOKYO (Reuters) – Japan’s Fuji Soft said on Thursday that KKR now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the software developer private. The two private equity powerhouses had engaged in a …

KKR lifts stake in Japan’s Fuji Soft, ending bidding war with Bain Read More »

BEIJING (Reuters) -Chinese tech company Lenovo reported hefty gains in quarterly revenue and net profit that beat expectations and said it would benefit from the adoption of DeepSeek’s artifical intelligence model in its products. Driven by robust demand for its AI-powered servers, Lenovo’s third-quarter revenue surged by a fifth to $18.8 billion, ahead of an …

Lenovo quarterly results smash estimates, says DeepSeek’s AI tech will drive growth Read More »

By Kane Wu and Yantoultra Ngui HONG KONG (Reuters) -Chinese video streaming platform iQIYI has launched a $300 million convertible bond offering, according to a term sheet reviewed by Reuters on Thursday. The unsecured senior notes, which have a maturity of five years, pay a coupon of 4.25% to 4.75% a year, payable quarterly. iQiyi …

China’s iQIYI launches $300 million convertible bond, term sheet shows Read More »

By Gopal Sharma KATHMANDU (Reuters) – Two major infrastructure projects in Nepal funded by the United States have been put on hold after President Donald Trump suspended all foreign development assistance, a government official said on Thursday, making their future uncertain. Trump ordered a 90-day pause in foreign development assistance on the day he returned …

US grants for two key Nepal infrastructure projects suspended after Trump order Read More »