SEOUL (Reuters) – South Korean automaker Kia Corp on Friday posted an operating profit of 12.67 trillion won ($8.85 billion) for 2024, with its fourth quarter performance up 10.2% from the previous year. Its revenue target for 2025 was 112.5 trillion won, while its operating profit target was 12.4 trillion won, the company said in …
Kia posts operating profit of 12.7 trln won in 2024 Read More »
By Kevin Buckland TOKYO (Reuters) -The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised its inflation forecasts, reinforcing views it will push rates up again. Japan’s Nikkei share average shed early gains to end the day down …
Japanese yen rallies, bond yields climb after BOJ hikes rates Read More »
(Reuters) – Chinese firms are attracting investors with increased dividends and buybacks, spurred by a policy push for corporate governance reforms in a bleak and uncertain economic environment. Beijing’s encouragement of these reforms alongside directives to pension funds and mutual funds to increase investments in domestic stocks are also forcing corporations to distribute dividends and …
Chinese firms boost shareholder returns via dividends and buybacks Read More »
(Reuters) -The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. At its two-day meeting concluding on Friday, the BOJ raised its short-term policy rate from 0.25% …
By Rajendra Jadhav and Anushree Mukherjee (Reuters) – Elevated prices dampened demand for physical gold in most Asian hubs this week, while Indian dealers offered the biggest discounts in more than six months. In India, domestic prices hit an all-time high of 80,034 ($927.69) rupees per 10 grams on Friday, tracking the international spot gold …
By Leika Kihara TOKYO (Reuters) -Japan’s core consumer prices rose 3.0% in December year-on-year to mark the fastest annual pace in 16 months, likely cementing a central bank rate hike later in the day and retaining bets that borrowing costs will keep rising from ultra-low levels. The data on Friday comes hours before the Bank …
Japan’s core inflation hits 16-month high, markets brace for BOJ hike Read More »
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korean battery firm LG Energy Solution (LGES) said on Friday it plans to cut capital expenditure by up to 30% this year on slowing electrical vehicle demand growth, after posting a quarterly loss for the first time in three years. The company, which makes batteries for …
LG Energy Solution cuts capex on slowing EV demand after Q4 loss Read More »
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank is expected to lower its key interest rate by at least 1 percentage point on Monday, analysts said, in its sixth straight cut as it attempts to revive economic and business sentiment as inflation slows sharply. The central bank has slashed rates by 900 bps from …
BEIJING (Reuters) – China’s stimulus scheme for consumer goods trade-ins boosted last year’s consumption growth by more than 1 percentage point, Vice Commerce Minister Sheng Qiuping said on Friday, as authorities steer expansion of the plan this year. Sales of cars, home appliances, electric bicycles and other products under the scheme launched last year reached …
China stimulus scheme lifted 2024 consumption growth by 1 pct point Read More »
By Panarat Thepgumpanat BANGKOK (Reuters) – Thai businesses are expected to incur up to 1 billion baht ($29.5 million) in losses from China’s ban on sugar syrup and premixed powder exports from the Southeast Asian nation, with shipments left stranded in Chinese ports, industry group said. China suspended imports of syrup and premixed powder from …
Thailand to lose $29 million from China’s syrup import ban, industry group says Read More »
