Reuters Asia Business

By Zaheer Kachwala (Reuters) – Grab Holdings forecast its annual revenue below analysts’ estimates on Wednesday, as it grapples with intense competition in food delivery and ride-hailing businesses, sending its U.S.-listed shares down more than 9% after the bell. The company forecast its fiscal 2025 revenue to be between $3.33 billion and $3.40 billion, the …

Grab Holdings forecasts annual revenue below estimates amid tough competition Read More »

(Reuters) – Chinese AI startup DeepSeek is considering outside funding for the first time and has drawn interest from Alibaba and state funds, The Information reported on Wednesday, citing sources with knowledge of internal discussions. The Chinese company stunned the tech industry in January with low-cost AI models that can match or even outperform Western …

DeepSeek’s outside funding draws interest from Alibaba, Chinese state funds, The Information reports Read More »

By Emma Farge GENEVA (Reuters) – The World Trade Organization said on Wednesday that discussions on trade tensions were “constructive”, after China accused the US of imposing “tariff shocks” that could upend the global trading system. China condemned tariffs launched or threatened by U.S. President Donald Trump at a World Trade Organization meeting on Tuesday. …

WTO holds ‘constructive’ talks after China condemns Trump’s ‘tariff shocks’ Read More »

BEIJING (Reuters) – China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China’s clean energy investments slowing to 7% from 40% in 2023 amid overcapacity. More …

China’s clean energy investments nearing scale of global fossil investments, researchers find Read More »

By Simon Jessop and Tommy Reggiori Wilkes LONDON (Reuters) – HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world’s biggest lenders are rowing back on climate pledges. Europe’s biggest bank …

HSBC delays net-zero emissions target by 20 years Read More »

By Selena Li and Sumeet Chatterjee HONG KONG (Reuters) – HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil. The Asia-focused lender booked earnings for …

HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns Read More »