By Steve Holland and Kanishka Singh WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so. WHY IT’S IMPORTANT The short video app used by 170 million Americans was taken offline temporarily for users shortly …
Trump says he is open to Musk buying TikTok if Tesla CEO wants to do so Read More »
(Reuters) – Indonesia is close to a deal with Apple Inc for an investment plan that could lift a ban on iPhone 16 sales in the country, investment minister Rosan Roeslani told Bloomberg News on Tuesday. “Hopefully within one or two weeks this issue can be resolved”, Roeslani told Bloomberg Television in Davos, Switzerland. Apple …
Indonesia close to deal to lift Apple iPhone 16 ban, Bloomberg News reports Read More »
BEIJING (Reuters) – Shares in CATL, the world’s largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace since 2019. CATL said in a securities filing late on Tuesday that its revenue fell …
China CATL’s shares dip after it warns of revenue fall, slowing profit growth Read More »
BANGKOK (Reuters) – Thailand’s new financial business law designed to attract foreign funds is expected to be submitted to cabinet by early February, a deputy finance minister said on Wednesday. The law will create a “one-stop authority” agency to provide services to facilitate investment and promote Thailand’s aim to become a financial centre, Paopoom Rojanasakul …
By Selena Li HONG KONG (Reuters) – Morgan Stanley’s top-performing investment bankers and traders in Asia will see up to a 50% increase in bonuses due to robust business growth and a low-base effect of last year, according to two people with direct knowledge of the matter. The jump in the bonus payouts in the …
Morgan Stanley’s bonus payouts for star Asia bankers to jump by up to 50%, sources say Read More »
By Makiko Yamazaki TOKYO (Reuters) – Japan’s biggest business lobby Keidanren and trade unions kicked off annual labour talks on Wednesday that are likely to lead to another year of bumper wage hikes, though policymakers will be mainly focused on how far the momentum spreads to smaller firms. With some of the biggest firms already …
Japan kicks off spring wage talks, smaller firms in focus Read More »
By Colleen Howe and Chen Aizhu (Reuters) -China’s crude oil imports will likely rise only 1% this year, and the country’s reliance on oil imports is projected to remain at around 70% between 2026 and 2030, according to an outlook released by state energy giant China National Petroleum Corp (CNPC). The world’s second-largest refining industry …
China’s crude oil imports may grow 1% in 2025, CNPC says Read More »
(Reuters) -ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources. This move comes as the Chinese company faces pressure from Washington to sell its popular video-sharing app in the United …
TikTok owner ByteDance plans to spend $12 billion on AI chips in 2025, FT reports Read More »
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) – Japan’s retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning squeezed profits for companies, more spending money for workers, and a green light for more central bank rate hikes. Japan’s labour-intensive service sector had …
Japan wage growth gathers steam as reluctant retailers raise pay Read More »
By Kaori Kaneko TOKYO (Reuters) – Kyoto-based Mitsufuji got its start nearly 70 years ago as a weaver of decorative belts for kimonos. One day soon, it could be spinning high-tech fibres to shield fighter jets from electromagnetic interference. The company, whose core business is making consumer-facing wearable gadgets, is one of dozens of small …
Japan hunts for dual-use goods makers to aid military expansion Read More »
