Reuters Asia Business

By Yantoultra Ngui and Selena Li SINGAPORE/HONG KONG (Reuters) – Schroders is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the U.K.-headquartered global asset manager weighs exiting some sub-scale markets under its new chief executive. The plan is fuelled by Schroders’ CEO Richard Oldfield, who took charge …

Schroders seeks buyers for Indonesian unit with $4 billion in assets, sources say Read More »

TOKYO (Reuters) -The Bank of Japan holds its final policy meeting for the year next week with its decision to be announced just hours after that of the U.S. Federal Reserve’s expected interest rate cut. Here is a guide on what to expect and why the BOJ’s rate review matters: IS BOJ GOING TO RAISE …

Explainer-How likely is a Bank of Japan rate hike next week? Read More »

By Makiko Yamazaki, Leika Kihara and Kentaro Sugiyama TOKYO (Reuters) – Japan’s small firms are spending far more of their profits on wages than their bigger counterparts and could struggle to keep hiking pay, casting doubt on whether wage gains could broaden enough for the central bank to keep raising interest rates. Next year’s wage …

Analysis-BOJ’s rate hike plans clouded by small firms’ wage woes Read More »

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Japanese big manufacturers’ sentiment improved slightly in the three months to December, a quarterly survey showed on Friday, boding well for the central bank’s plans to gradually raise interest rates from near-zero levels. Non-manufacturers also remained upbeat on business conditions, though concerns over rising raw material and …

Japan business mood improves slightly, global risks cloud outlook Read More »

By Hyunjoo Jin SEOUL (Reuters) – Canadian startup Tenstorrent and BOS Semiconductors, a South Korean chip startup backed by Hyundai Motor Group, unveiled on Thursday artificial intelligence (AI) chips used for in-vehicle infotainment and autonomous driving. As autos increasingly become ‘computers on wheels’, demand has grown for AI chips to handle high performance workloads necessary …

Tenstorrent, Hyundai-backed BOS unveil automotive AI chips Read More »