By Doyinsola Oladipo (Reuters) -Three days after ByteDance’s TikTok went dark and then was quickly revived in the United States, users who deleted the app were anxiously checking iPhone and Android devices to find it still unavailable to be downloaded again. Some looking to make a quick profit from TikTok fans’ desperation listed devices on …
TikTok fans anxiously await its return to US app stores Read More »
By Hyunjoo Jin SEOUL (Reuters) -South Korea’s Hyundai Motor said on Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand. It also flagged policy risk in the United States with U.S. President Donald Trump …
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 Read More »
TOKYO (Reuters) -Japanese electric motor maker Nidec posted a 5% rise in third-quarter operating profit on Thursday as the company said it benefited from strong demand for data centre power generators and battery energy storage systems. Operating profit for the three months to December-end totalled 54.5 billion yen ($348 million), compared to 51.8 billion yen …
Japan’s Nidec posts higher third-quarter operating profit Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Maynilad Water Services has hired banks including Morgan Stanley and UBS to work on a more than $500 million initial public offering in the Philippines, according to two sources with knowledge of the matter. The IPO is expected to hit the market as early as this year, or in 2026, …
Philippine water company Maynilad hires banks for over $500 million IPO, sources say Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s exports rose for a sixth straight month and more than expected in December, with the commerce ministry saying on Thursday that shipments would increase further in January but that uncertainty over U.S. trade policies posed a challenge. Exports, a key driver of Southeast Asia’s second-largest economy, …
Thai exports beat forecast in Dec, seen rising in Jan amid trade uncertainty Read More »
SHANGHAI/HONG KONG (Reuters) -China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government’s latest efforts to support a struggling stock market. The plan by the country’s six financial regulators including the securities regulator was first announced on Wednesday just as Donald …
China prods insurers to invest billions in latest move to support markets Read More »
SEOUL (Reuters) – Hyundai Motor said on Thursday that it aims to sign binding deals with General Motors involving various areas of cooperation including the joint purchase of vehicle parts. Hyundai said the two automakers also seek cooperation in commercial and passenger vehicle businesses. (Reporting by Hyunjoo Jin; Editing by Christopher Cushing)
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung. Shares in SK Hynix, a key supplier to AI chip giant …
SK Hynix profit tops forecast Samsung results, but shares dip on demand outlook Read More »
JAKARTA (Reuters) – Indonesia’s parliament proposed on Thursday to revise the country’s mining law to help the government accelerate development of its mineral processing industry and to regulate mining permits for religious groups and for universities. President Prabowo Subianto has vowed to expedite development of Indonesia’s mineral processing industry and energy transition and formed a …
Indonesian parliament proposes revision of mining law Read More »
(Reuters) – Japanese investors raised their holdings in foreign stocks, driven by a benign U.S. core inflation report that fuelled expectations of Federal Reserve cuts and boosted global equities, while a strong yen also lifted domestic buying power. They invested a net 489.8 billion yen ($3.13 billion) into overseas stocks, for a sixth straight week …
Japanese investors boost foreign stock purchases on Fed rate-cut hopes Read More »
