(Reuters) – Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) on Monday. The global smartphone market rebounded strongly after two years of decline, with Chinese smartphone companies rapidly expanding their …
By Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 4.5% in 2025 and cool further to 4.2% in 2026, a Reuters poll showed, with policymakers poised to roll out fresh stimulus measures to soften the blow from impending U.S. tariff hikes. Gross domestic product (GDP) likely grew 4.9% in 2024 …
China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll Read More »
By Leika Kihara TOKYO (Reuters) – Japan’s service-sector sentiment improved in December but companies expect conditions to sour ahead, a government survey showed on Tuesday, a sign the rising cost of living was weighing on household spending. Separate data showed corporate bankruptcy cases hit a decade-high last year due partly to rising raw material costs …
Japan’s service mood improves, rising costs cloud outlook Read More »
By Leika Kihara YOKOHAMA (Reuters) -The Bank of Japan will debate whether to raise interest rates next week as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in President-elect Donald Trump’s inaugural address, Deputy Governor Ryozo Himino said. In a speech to business leaders in the city of Yokohama, Himino …
BOJ deputy governor flags chance of rate hike next week Read More »
JAKARTA (Reuters) – A tax system upgrade in Indonesia has had a problematic launch this month with the tax office apologising after users, including foreign businesses, complained of disruption, glitches and outages that affected their operations. When President Prabowo Subianto launched the 1.2 trillion rupiah ($74 million) “core tax” system on Jan. 1, he said …
Users frustrated as Indonesia’s tax system upgrade hit by problems Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden’s administration has concluded China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters. U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request …
By Nandan Mandayam and Aditi Shah BENGALURU (Reuters) – A slow ramp-up of electric vehicle sales for Hyundai and its affiliate Kia in India and increased sales of gasoline-engine SUVs are undermining their decarbonisation efforts, Greenpeace East Asia said on Tuesday. Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of …
Hyundai’s slow EV ramp-up in India hurts its decarbonisation efforts, Greenpeace says Read More »
BANGKOK (Reuters) -Thai consumer confidence rose for a third consecutive month in December to reach its highest level in six months as sentiment was bolstered by government stimulus measures and tourism, a survey showed on Tuesday. The consumer index of the University of the Thai Chamber of Commerce increased to 57.9 in December from 56.9 …
Thai consumer confidence hits 6-month high in Dec on stimulus, tourism Read More »
KUALA LUMPUR (Reuters) – The European Union’s pending anti-deforestation law presents both challenges and opportunities for Malaysia’s palm oil industry, Malaysia’s deputy commodities minister told an industry conference on Tuesday. Deputy Minister Chan Foong Hin said it was crucial for the industry to understand the impact of the EU law so that domestic practices could …
Malaysia says EU deforestation law presents challenges, opportunities for palm industry Read More »
(Reuters) -Mining firm MMG Ltd said on Tuesday it expects to resume operations at its Dugald River zinc mine in Queensland later in the day after an approaching grassfire near its perimeter was contained. MMG, backed by state-owned China Minmetals Corporation, said it does not expect any material impact on its full-year production outlook for …
Hong Kong’s MMG to resume work at Queensland mine with fire threat contained Read More »
