Reuters Asia Business

TSMC sees Q1 revenue near lower end of guidance on January earthquake impact

10 Feb 2025

(Reuters) – TSMC, the world’s biggest contract chipmaker, said on Monday its first-quarter revenue would be closer to the lower end of its guidance, as it expects a $161 million impact from an earthquake that rocked the island in January. Taiwan Semiconductor Manufacturing Co (TSMC), the dominant maker of advanced chips and a major supplier …

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South Korea holds emergency meeting on Trump’s potential steel tariffs

10 Feb 2025

SEOUL (Reuters) – South Korea’s Industry Ministry said on Monday it held an emergency meeting with steelmakers in Seoul to discuss measures to minimise the impact of potential U.S. tariffs. U.S. President Donald Trump said on Sunday he will announce new 25% tariffs on all steel and aluminum imports into the U.S. on Monday, in …

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Dongfeng Motor shares surge as restructuring plans prompt merger speculation

10 Feb 2025

HONG KONG (Reuters) -Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. The stock jumped to HK$6, its highest since July 2022, shortly after the …

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Thai finance minister says supports more U.S. imports to reduce trade surplus

10 Feb 2025

BANGKOK (Reuters) – Thailand’s government supports increased U.S. imports of necessary goods as a way to reduce the country’s trade surplus with the United States, the finance minister said on Monday.Authorities will also talk with U.S. business people in Thailand to find ways to ease any impacts of U.S. President Donald Trump’s trade policies, Pichai …

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Japan runs record current account surplus in 2024 on foreign investment returns

10 Feb 2025

By Makiko Yamazaki TOKYO (Reuters) – Japan’s current account surplus jumped to a record last year, data from the finance ministry showed on Monday, as a weaker yen boosted returns on foreign investments that helped to comfortably offset a trade deficit. The surplus in the current account stood at 29.3 trillion yen ($192.67 billion) in …

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Singapore’s DBS surges to record on higher margins, capital return plans

10 Feb 2025

By Yantoultra Ngui and Roushni Nair SINGAPORE (Reuters) -Shares of DBS soared to a record high on Monday after Singapore’s largest bank flagged an improvement in net interest income for 2025 and a dividend capital return plan, in line with a jump in fourth-quarter profit that met expectations. Southeast Asia’s largest bank by assets now …

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Australia’s Global Lithium seeks government help, alleging Chinese control attempt

10 Feb 2025

By Melanie Burton MELBOURNE (Reuters) – Australia’s Global Lithium Resources is pressing the government to halt what it calls a takeover attempt by Chinese investors of its cornerstone asset ahead of a shareholder meeting this week. The company is counting on government intervention after the nation’s Takeovers Panel declined last week to review what Global …

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Malaysia’s Petronas to cut jobs to ensure survival, reports say

10 Feb 2025

KUALA LUMPUR (Reuters) -Malaysia’s state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief. “The rationale to do this is to ensure the survival of Petronas in the coming decades. If we don’t do it …

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China bubble tea maker Guming raises $232 million in IPO, term sheet shows

10 Feb 2025

By Scott Murdoch SYDNEY (Reuters) -Chinese bubble tea firm Guming has raised $232 million in a Hong Kong initial public offering after setting the price of its shares at the top of an indicated range, according to a term sheet. The pricing was at the top of the HK$8.68 to HK$9.94 ($1.11-$1.28) per share range …

China bubble tea maker Guming raises $232 million in IPO, term sheet shows Read More »

South Korea acting president Choi discusses Trump tariff plan

10 Feb 2025

(Removes reference to Choi discussing DeepSeek in paragraph 1 after finance ministry corrects statement from acting president, changes media tag to SOUTHKOREA-USA/TARIFFS) SEOUL (Reuters) – South Korea’s acting President Choi Sang-mok discussed on Monday responses to U.S. President Donald Trump’s proposed tariffs on steel and aluminum, last week’s U.S.-Japan summit, and responding to major trade …

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