SHANGHAI/BEIJING (Reuters) -China’s box office raked in record takings over the Lunar New Year holiday while domestic spending jumped, data showed on Wednesday, marking a bright showing for Chinese policymakers as they work to spur domestic demand. The Chinese film market took in 9.5 billion yuan ($1.3 billion) over the eight-day Lunar New Year period …
Over Lunar New Year, China’s box office hits record, travel jumps Read More »
BEIJING (Reuters) – Chinese Premier Li Qiang said that China should take effective measures to address domestic economic problems and respond to external challenges. Li made the remarks at a state council plenum on Wednesday at which he vowed to increase counter-cyclical adjustment and focus on outstanding problems in the country. He said policymakers should …
China’s premier vows effective measures to address economic issues Read More »
By Manoj Kumar and Nikunj Ohri NEW DELHI (Reuters) – India plans to review import tariffs on over 30 items, including luxury cars, solar cells and chemicals, a senior finance ministry official said, potentially leading to increased imports from the United States as global trade tensions grow. The move, aimed at reducing average tariffs, comes …
By Ankur Banerjee SINGAPORE (Reuters) – As China and the U.S. battle over tariffs, locked in a tussle that could result in a deal or a trade war between the world’s two largest economies, staying away from China’s stock market is becoming the default option for foreign investors. The Chinese stock market, already reeling from …
Trade war or not, global investors turn even more cautious on China Read More »
By Anton Bridge TOKYO (Reuters) -Nomura Holdings doubled quarterly profit, helped by a surge in trading revenue and deals advisory fees as Japan’s top brokerage and investment bank pushes ahead with its strategy of diversifying revenue streams and cutting costs to boost growth. Nomura posted its seventh consecutive quarter of income growth on Wednesday in …
Japan’s Nomura doubles Q3 profit on revived markets and investment banking units Read More »
By Nikunj Ohri, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources. Kia competes …
Exclusive-India accuses Kia of evading taxes of $155 million in VW-like dispute Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Marubeni said on Wednesday it is aiming for a net profit of more than 620 billion yen ($4 billion) in fiscal 2027/2028 along with a 40% total shareholder return, as the Japanese trading house seeks to boost its market capitalisation. The company posted a 14.5% rise in …
Marubeni aims for net profit of more than $4 billion in FY 2027/28 Read More »
BEIJING (Reuters) – China is willing to work with the European Union to boost cooperation and respond to “global challenges,” its foreign ministry said on Wednesday, as the bloc faced potential U.S. tariffs on its shipments to the world’s largest economy. “The world is facing the risk of division, fragmentation and disorder,” said Lin Jian, …
China calls for cooperation with EU amid ‘global challenges’ Read More »
SHANGHAI (Reuters) – Huawei’s chairman said on Wednesday that the tech company’s annual revenue exceeded 860 billion yuan ($118.27 billion) last year, as it continued to shake off the impact of U.S. sanctions and its consumer business returned to growth. Liang Hua made the remarks at a forum in Guangzhou, according to a report by …
Huawei chairman says 2024 revenue exceeded $118 billion Read More »
By Jiaxing Li SHANGHAI/HONG KONG (Reuters) -China’s stocks and currency came under pressure as markets returning from a week-long break were greeted by a new trade dispute with the United States and ructions in the global artificial intelligence sector. Tariffs so far have been less than what the Trump administration had initially indicated and relief …
China’s markets return from holiday to US trade war, DeepSeek rally Read More »
