Reuters Asia Business

EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast, with its shares near multi-year lows as foreign investors sell and its borrowing costs rise. Pressure on the company, a household name in Vietnam with businesses spanning autos, real …

EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell Read More »

Samsung unveils AI smartphones with Qualcomm chips, teases slimmer Galaxy phones

By Hyunjoo Jin SEOUL/SAN FRANCISCO (Reuters) -Samsung Electronics on Wednesday unveiled its newest Galaxy S25 smartphones, powered by Qualcomm’s chips and Google’s artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals. Samsung also previewed a thinner version of the flagship models at the end of an event …

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S.Korea’s economy barely grows in Q4 as political crisis jolts 2025 outlook

By Jihoon Lee SEOUL (Reuters) -South Korea’s economy barely grew in the fourth quarter of 2024, as the country’s worst political crisis in decades hurts already weakened domestic demand and threatens to further sap growth in a year of rising external risks under a second Trump presidency. In December, consumer and business sentiment dampened amid …

S.Korea’s economy barely grows in Q4 as political crisis jolts 2025 outlook Read More »

Japan December export growth beats forecast amid tariff jitters

By Makiko Yamazaki TOKYO (Reuters) -Japanese exports rose for a third successive month in December as a weak yen boosted the value of shipments, data showed on Thursday, though a decline in volume underscored doubt about an outlook clouded by the unpredictability of U.S. trade policy. With U.S. President Donald Trump flagging plans for tariffs …

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OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports

(Reuters) -OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop data centers for artificial intelligence in the U.S., the Information reported on Wednesday. The ChatGPT maker will hold a 40% interest in Stargate, and would act as an extension of OpenAI, the report said, citing OpenAI …

OpenAI, SoftBank each commit $19 billion to Stargate AI data center, the Information reports Read More »

Brazil says soy shipments to China from five firms halted due to contamination

By Laurie Chen, Mei Mei Chu, Ella Cao, Naveen Thukral and Ana Mano BEIJING/SAO PAULO (Reuters) -China, the world’s biggest soybean buyer, has stopped receiving Brazilian soybean shipments from five firms after cargoes did not meet plant health requirements, according to a statement from the Brazilian government confirming what Reuters had learned from two sources …

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Japan Inc will struggle to follow SoftBank’s lead and go big with Trump

By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank CEO Masayoshi Son’s plan to invest billions in AI in the United States shows one way to handle the new Trump administration: go big and deal with the details later. For a Japan Inc anxious about how to navigate the second term of President Donald Trump …

Japan Inc will struggle to follow SoftBank’s lead and go big with Trump Read More »

Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Whatever doubts investors may have surrounding the longer-term economic damage of U.S. President Donald Trump’s proposed tariff agenda, they are giving his deregulation, tech-friendly and AI-supportive policies a huge thumbs up. Stocks are flying. With strong earnings from streaming giant Netflix …

Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view Read More »

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