Reuters Asia Business

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -China’s Singles’ Day sales festival is coming to a close after more than a month of promotions on the country’s largest e-commerce platforms, which failed to spark widespread consumer excitement during the world’s largest shopping event.  Consumer malaise in China, stemming from a prolonged property crisis and …

China’s Singles’ Day shopping festival winds down with ‘muted’ sentiment Read More »

By Mike Colias DETROIT (Reuters) -General Motors has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’ growing frustration over geopolitical disruptions to their operations.  GM executives have been telling suppliers they should find alternatives to China for their raw materials …

Exclusive-GM wants parts makers to pull supply chains from China Read More »

By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, offered a bullish outlook on AI-related demand on Wednesday saying it would be a big driver of 2026 growth, and teased an announcement next week with OpenAI. Nvidia’s biggest server maker and Apple’s top iPhone assembler has been riding …

Nvidia supplier Foxconn bullish on AI demand, teases OpenAI announcement Read More »

By Anton Bridge TOKYO (Reuters) -SoftBank’s shares slid as much as 10% on Wednesday after the $5.8 billion sale of its stake in Nvidia highlighted the growing funding demands it faces to bankroll its “all-in” bet on ChatGPT creator OpenAI and other investments. The conglomerate needs to fund a $22.5 billion follow-on investment in OpenAI, …

SoftBank shares slide as Nvidia stake sale highlights AI funding needs Read More »

By Makiko Yamazaki TOKYO (Reuters) -Two newly appointed members of the Japanese government’s top economic panel called on Wednesday for an economic stimulus package larger than last year’s, highlighting a stronger reflationist sway on fiscal policy under the new administration. Former Bank of Japan Deputy Governor Masazumi Wakatabe and Toshihiro Nagahama, chief economist at Dai-ichi …

New reflationist members at Japan’s top economic panel push for big stimulus Read More »