Reuters Asia Business

HK’s Greater Bay Airlines cancellations affect 128 flights in February-March

22 Jan 2025

BEIJING (Reuters) – Greater Bay Airlines said on Wednesday that 128 flights in February and March would be affected by cancellations announced the previous day, citing delays in new aircraft deliveries and regular inspections of existing planes. Service over the upcoming Lunar New Year holiday was not affected, the Hong Kong-based carrier said in a …

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Trump executive order leaves TikTok in legal limbo, for now

22 Jan 2025

By Mike Scarcella (Reuters) – U.S. President Donald Trump’s executive order to restore access to TikTok has created a thicket of new legal questions for the short-video platform, along with new tensions between the White House, members of Congress who want the platform banned, and tech companies caught in the middle. Legal experts said despite …

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In Davos, Malaysia’s Khazanah looks to developed market investments, tame Trump risks

22 Jan 2025

By Divya Chowdhury and Danial Azhar DAVOS, Switzerland (Reuters) -Malaysia’s sovereign wealth fund Khazanah Nasional Bhd is rebalancing its portfolio to invest more in developed markets, with an eye on managing expected risks from the new Donald Trump presidency in the U.S., its top official said. Khazanah invests heavily in Malaysia, with domestic investments amounting …

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Space and defense company Voyager Technologies confidentially files for US IPO

22 Jan 2025

(Reuters) -Space and defense company Voyager Technologies said on Tuesday that it had confidentially filed for an initial public offering in the United States, though the number of shares to be offered and the price range have not yet been determined. The company, previously known as Voyager Space, announced its rebranding as Voyager Technologies last …

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China’s economy meets official growth target, but many feel worse off

22 Jan 2025

BEIJING (Reuters) – China’s economy grew 5% last year, matching the government’s target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers. The imbalance raises concerns that structural problems may deepen in 2025, when China plans a similar growth …

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Morning Bid: Whipsawed dollar and fog of uncertainty? Get used to it

21 Jan 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Day two of the second Donald Trump administration, and exchange rates are in the global market crosshairs as investors nervously try to figure out how to trade the immediate fog shrouding the U.S. president’s trade policy. That Trump will impose tariffs …

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Trump revokes Biden executive order on addressing AI risks

21 Jan 2025

By David Shepardson WASHINGTON (Reuters) -U.S. President Donald Trump on Monday revoked a 2023 executive order signed by Joe Biden that sought to reduce the risks that artificial intelligence poses to consumers, workers and national security. Biden’s order required developers of AI systems that pose risks to U.S. national security, the economy, public health or …

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Takeda-backed Ascentage Pharma targets $1.8 billion valuation in US IPO

21 Jan 2025

By Arasu Kannagi Basil and Jaiveer Shekhawat (Reuters) -Ascentage Pharma said on Tuesday it was targeting a valuation of $1.75 billion in its initial public offering, becoming the first sizeable Chinese firm to pursue a listing in the U.S. this year. IPOs of Chinese companies in the United States have picked up modestly in recent …

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Exclusive-Pakistan says it has agreed $1 billion loan with two Middle East banks

21 Jan 2025

By Elisa Martinuzzi DAVOS, Switzerland (Reuters) -Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7% interest rate, its Finance Minister Muhammad Aurangzeb told Reuters on Tuesday, as the South Asian country looks for more financing. “With two institutions we have now gone forward in signing up the …

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