Reuters Asia Business

By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) – Large Japanese firms are likely to increase wages by about 5% on average in 2025, the same as last year, the chair of a major business lobby said on Tuesday while pledging efforts to spread the wage growth momentum to smaller firms. Prime Minister Shigeru Ishiba …

Another year of big wage hikes likely at big Japan firms, business lobby chair says Read More »

By Abhirup Roy and Kantaro Komiya LAS VEGAS (Reuters) -Tesla supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle batteries made in the United States, a senior executive told Reuters, calling the shift a “No.1 objective”. The comments from Allan Swan, President of Panasonic Energy of North America, highlight how …

Tesla supplier Panasonic Energy says cutting China supply for US business a ‘No.1 objective’ Read More »

TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers. Revenue for Apple’s biggest iPhone assembler jumped 15.2% to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday. It was also ahead …

Foxconn beats estimates with record fourth-quarter revenue on AI demand Read More »

TOKYO (Reuters) -U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal that could worth several hundred billion yen (several billion dollars), the Nikkei business daily reported on Tuesday. The bidding process for the sale of shares has begun, and major retailers including Aeon, Don Quijote owner Pan Pacific International Holdings …

KKR considering selling Japan’s Seiyu supermarket, Nikkei says Read More »

By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries. The Southeast Asian neighbours first agreed in principle to jointly develop the economic …

Malaysia, Singapore announce deal on Johor economic zone Read More »

By Anton Bridge TOKYO (Reuters) -U.S. private equity fund KKR said it has asked Fuji Soft to file for an injuction in court to stop what it said was Bain Capital’s violation of a non-disclosure agreement (NDA) amid Bain and KKR’s acquisition battle for the software maker. In a letter to Fuji Soft on Monday, …

KKR asks Fuji Soft to file injunction against Bain’s ‘breach of NDA’ Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato issued a fresh warning against speculative yen selling on Tuesday, as the Japanese currency approached the key 160 per dollar level that prompted yen-buying interventions half a year ago. “As I have said previously, … we’ve been seeing one-sided, sharp moves in foreign exchange development,” …

Japan’s finance minister warns against speculative yen selling Read More »