Reuters Asia Business

By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Day-trader Lu Delong’s optimism for a China stocks rally quickly evaporated in the first week of the year when, just three months after positioning for a surge fuelled by Beijing’s stimulus pledges, he was forced to dump shares and tally his losses. Many retail investors …

Analysis-China’s retail investor sours quickly on stocks Read More »

By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will cut its base rate by a quarter-point on Thursday, a month earlier than previously expected, to support a struggling South Korean economy amid risks from political uncertainty, according to a Reuters poll of economists. Acting president Choi Sang-mok is facing a delicate task steering …

Bank of Korea to cut rates on Jan. 16, may ease just once this quarter amid political turmoil: Reuters poll Read More »

WASHINGTON (Reuters) – Hyundai Motor’s U.S. unit, Chrysler-parent Stellantis and Delta Air Lines on Monday each announced they are among companies donating $1 million to President-elect Donald Trump’s inaugural fund. Other major companies donating for the Jan. 20 inauguration include Boeing, General Motors, Ford Motor , Microsoft, Amazon.com, Alphabet and Facebook-parent Meta . Hyundai said …

Hyundai, Stellantis, Delta each donating $1 million to Trump inaugural fund Read More »

By Alessandro Parodi (Reuters) – Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month of record sales in December as China continued to grow and Europe stabilised, data showed on Tuesday. Incentives and emission targets pushed EV sales …

Global electric vehicle sales up 25% in record 2024 Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  A sea of red across most equity markets and no end in sight to the rise in the dollar and U.S. bond yields is the backdrop to what is likely to be another nervy session in Asia on Tuesday. As if …

Morning Bid: No let up from dollar, US yield squeeze Read More »

By Patrick Wingrove and Michael Erman SAN FRANCISCO (Reuters) – Philips CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies. Jakobs in a Sunday interview said volatility in the Chinese market could increase this …

Philips CEO sees subdued China sales this year Read More »

(Reuters) – The property services arm of Chinese builder Country Garden is expecting a drop of up to 1.10 billion yuan ($150.03 million) in annual earnings as its sanitation business plans to record an impairment charge for goodwill and tangible assets. The unit, Country Garden Services , said the impairment was primarily because the expansion …

Country Garden’s property services arm expects annual earnings to fall Read More »