By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics on Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to U.S. export restrictions to China, and as it worked towards launching an improved version of its high-end chips. Advanced chips used for AI have been the bright spot …
Samsung warns of slow AI chip sales in Q1, hurt by US restrictions on China Read More »
(embeds graphic) By Chayut Setboonsarng BANGKOK -Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese car makers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales, industry experts said. Electric vehicle sales in Thailand, Southeast Asia’s largest …
Thai EV output set to jump, sparking a price war in a bruised market Read More »
By Mariko Katsumura and Kaori Kaneko TOKYO (Reuters) – Japanese homemaker Kirina Mochizuki has always considered “okonomiyaki” savoury pancakes the ultimate comfort food: simple, satisfying and cheap. These days, though, it’s a struggle to get the dish, a favourite among Hiroshima natives like herself, on the table. With the price of cabbage – a key …
Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices Read More »
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday the central bank must maintain loose monetary policy to ensure underlying inflation gradually accelerates toward its 2% target. While consumer inflation has moved above the BOJ’s 2% target recently, the increase was driven mostly by cost-push factors such as rising food and fuel …
BOJ must maintain monetary support, says governor Ueda Read More »
KUALA LUMPUR (Reuters) – Malaysian state-owned energy firm Petroliam Nasional Berhad will look to boost the country’s oil and gas output through key projects over the next three years, it said in its activity outlook report. Petroliam Nasional, or Petronas, said it aims to grow and sustain the country’s oil and gas production at 2 …
Malaysia’s Petronas aims to boost oil and gas output over next 3 years Read More »
TOKYO (Reuters) – Japan is expected to report its first year-on-year increase in household spending in five months, a Reuters poll showed on Friday, although the rise appears to be marginal, indicating that consumers remain reluctant to loosen their purse strings. Spending likely rose 0.2% year-on-year in December, according to a Reuters poll of 16 …
Japan set for first household spending increase in five months- Reuters poll Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are expected to have fallen for the first time in 16 months on U.S. tariff uncertainty and a slower tech sector, a Reuters poll showed, underscoring risks for trade-reliant economies from the Trump administration’s policies. Outbound shipments are forecast to have decreased 13.5% this month from …
South Korea exports to snap 15-month gains on US tariffs, IT slowdown Read More »
By Anton Bridge TOKYO (Reuters) -Daiwa Securities reported on Friday a near two-thirds jump in third-quarter net profit, driven by record quarterly income in its asset management division and a recovery in its investment banking arm. The results show how Japan’s second largest brokerage and investment bank is capitalising on the accelerating shift from savings …
Japan’s Daiwa posts 64% leap in quarterly profit, shares soar Read More »
BANGKOK (Reuters) – Thailand’s manufacturing production index dropped by a more than expected 2.11% in December from a year earlier, due to a slump in the automotive industry and weak consumption, the industry ministry said on Friday. The figure compared with a forecast fall of 0.50% for December in a Reuters poll and followed an …
Thai December factory output misses forecast as car output slumps Read More »
By Stephen Nellis (Reuters) -Apple executives on Thursday forecast relatively strong sales growth, a sign the company will recover from a dip in iPhone sales as it rolls out artificial intelligence features. The forecast comes after Apple delivered a slight drop in iPhone revenues for the holiday shopping quarter and lagged Wall Street estimates, hampered …
Apple shares rise after positive sales outlook signals iPhone recovery Read More »
