Reuters Asia Business

TOKYO (Reuters) – Japan needs to promote digitalisation as rising inflation and interest rates will increase demand for new financial services from households, a Bank of Japan executive said on Friday. Financial assets of Japanese households amount to about 2,200 trillion yen ($14 trillion), of which more than half is held in cash and deposits. …

BOJ expects rising inflation to spur demand for new financial services Read More »

By Katie Paul and Stephen Nellis NEW YORK (Reuters) – Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek’s AI models last week, days before the news tanked U.S. tech stocks, according to online analysis firm Graphika. The accounts involved in the effort, including those of Chinese diplomats, embassies and …

Chinese state-linked accounts hyped DeepSeek AI launch ahead of US stock rout, Graphika says Read More »

JAKARTA (Reuters) – Indonesia’s foreign direct investment last year was 900.2 trillion rupiah ($55.33 billion), up 21% on a yearly basis, the investment ministry said on Friday. FDI in the fourth quarter was 245.8 trillion rupiah, a 33.3% increase from the same period a year earlier, versus the third quarter’s growth of 18.6%. The data …

Indonesia’s FDI at $55.3 billion in 2024 Read More »

SEOUL (Reuters) – Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week. Air Busan shares traded down 3.8% as of 0018 GMT, after falling as much as 6.1% to 2,325 won. It was the worst performer among South Korean airline stocks, compared with rival …

South Korea’s Air Busan shares drop after plane fire Read More »

By John Geddie and Katya Golubkova TOKYO (Reuters) – Weeks after Japan revealed details of a landmark energy plan partly designed to keep up with an expected AI surge, the shock rise of Chinese startup DeepSeek has upended conventional wisdom over the sector’s future power demands. It was only last year that Tokyo abandoned its …

Analysis-Resource-poor Japan was girding for an AI energy surge. DeepSeek raised the stakes Read More »

(Reuters) – U.S. Steel reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment. The industry has been struggling, as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports. U.S. Steel is …

U.S. Steel posts muted quarterly results amid Nippon deal snag Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A tumultuous week rounds off with investors in Asia taking their cue from more U.S. ‘Big Tech’ earnings, digesting Fed Chair Jerome Powell’s guidance from earlier in the week, but bracing for U.S. tariff-related volatility. The global macro backdrop is broadly …

Morning Bid: Trump tariff grenade threatens market calm Read More »