Reuters Asia Business

Singapore’s Wilmar to buy 13% stake in India’s AWL Agri for $529 million

11 Nov 2025

(Reuters) -Singapore’s Wilmar International said on Tuesday its unit has agreed to purchase a 13% stake in India’s AWL Agri Business from Adani Commodities for 46.5 billion rupees ($529.04 million). The unit Lence will buy 169 million shares in the consumer goods joint venture between Wilmar and Adani Group, it added.   Lence will hold a 56.94% …

Singapore’s Wilmar to buy 13% stake in India’s AWL Agri for $529 million Read More »

China refiner Yanchang seeks non-Russian oil in tender, traders say

11 Nov 2025

By Chen Aizhu and Florence Tan SINGAPORE (Reuters) -Chinese refiner Yanchang Petroleum is seeking non-Russian oil in its latest crude tender, trade sources told Reuters on Tuesday, while others said Sinopec subsidiary Luoyang Petrochemical has shut for maintenance as an indirect result of Western sanctions. China’s state oil companies and some Indian refiners are avoiding …

China refiner Yanchang seeks non-Russian oil in tender, traders say Read More »

SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears

11 Nov 2025

By Aditya Soni (Reuters) -SoftBank Group’s $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller. In its quarterly results, the Japanese tech investor said it had sold …

SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears Read More »

Shopee-owner Sea’s high spending powers revenue beat, but weighs on profits

11 Nov 2025

By Zaheer Kachwala (Reuters) -Sea Ltd reported a sharp rise in sales and marketing expenses during the third quarter, boosting revenue but weighing on profits, as it looks to defend market share in the competitive Southeast Asian e-commerce industry. U.S.-listed shares of the Singaporean conglomerate were down 2% on Tuesday, after falling as much as …

Shopee-owner Sea’s high spending powers revenue beat, but weighs on profits Read More »

Labubu craze hits London on Singles’ Day with AliExpress live shopping show

11 Nov 2025

(Corrects paragraph 2 to show Pop Mart is based in Beijing, not in Hong Kong) By Helen Reid LONDON (Reuters) -Labubu dolls were flying off the shelves on a shopping livestream in London on Tuesday as Alibaba’s AliExpress brought China’s Singles’ Day shopping frenzy to Britain, tapping into the worldwide craze for collectible Pop Mart …

Labubu craze hits London on Singles’ Day with AliExpress live shopping show Read More »

China’s BYD aims to sell up to 1.6 million vehicles abroad in 2026, Citi says

11 Nov 2025

BEIJING (Reuters) -Chinese electric vehicle maker BYD aims to sell up to 1.6 million vehicles abroad next year, doubling down on overseas expansions with high double-digit growth from 2025, Citi said in a report on Tuesday. Overseas sales guidance of 1.5-1.6 million vehicles is up from an expected 900,000 to 1 million vehicles sold outside …

China’s BYD aims to sell up to 1.6 million vehicles abroad in 2026, Citi says Read More »

Sony raises profit forecast by 8%, cites lower tariff impact, anime strength

11 Nov 2025

By Sam Nussey TOKYO (Reuters) -Sony raised its operating profit forecast for the year ending March 2026 by 8% to 1.43 trillion yen ($9.5 billion) on Tuesday, citing a smaller-than-expected impact from U.S. tariffs and the strength of its entertainment and chips businesses. Operating profit in the July-September quarter climbed 10% to 429 billion yen …

Sony raises profit forecast by 8%, cites lower tariff impact, anime strength Read More »

China’s central bank to maintain accommodative policy as challenges persist

11 Nov 2025

BEIJING (Reuters) -China’s central bank said on Tuesday it would maintain “appropriately loose” monetary policy, keep liquidity ample while improving its policy transmission, as the economy still faces risks and challenges. The People’s Bank of China (PBOC) will keep liquidity ample, maintain prices at reasonable levels and lower the costs of banks’ liability and social …

China’s central bank to maintain accommodative policy as challenges persist Read More »

South Korea’s state-run think tank sees no big need to cut rates

11 Nov 2025

SEOUL (Reuters) -South Korea’s state-run think tank said on Tuesday there was no huge need for interest rate cuts, as it revised up a forecast for economic growth next year. The remarks came as minutes of last month’s board meeting of the Bank of Korea showed that most members had expressed caution about further policy …

South Korea’s state-run think tank sees no big need to cut rates Read More »

HSBC appoints veteran China rainmaker Wei Sun Christianson to board

11 Nov 2025

By Lawrence White LONDON (Reuters) -HSBC has appointed former Morgan Stanley Asia dealmaker Wei Sun Christianson as an independent non-executive director to its board, the bank said late on Monday, as a search continues for its next chairperson following the departure of Mark Tucker. Beijing-born Christianson, 69, left Morgan Stanley in 2022 following 20 years …

HSBC appoints veteran China rainmaker Wei Sun Christianson to board Read More »

Close Bitnami banner
Bitnami