Reuters Asia Business

By Daniel Leussink TOKYO (Reuters) -Toyota Motor posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets – Japan and the U.S. – stalled the Japanese automaker’s recent record run. The world’s top-selling automaker had been on a record profit run until earlier …

Toyota posts first quarterly profit drop in two years, hit by production woes Read More »

TOKYO (Reuters) -Private equity firm KKR has acquired a 35% stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter said in a statement on Wednesday. Although rival Bain Capital had proposed a higher offer in October to take the Japanese company private, KKR now owns …

KKR acquires 35% of Fuji Soft after first stage of tender offer Read More »

By Selena Li HONG KONG (Reuters) – Morgan Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major U.S. entrant in the derivatives market of the world’s second-largest economy. Morgan Stanley Futures (China), wholly owned by the U.S. bank, was for the first time …

China gives Morgan Stanley approval to launch local futures unit Read More »

By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia’s central bank kept its key policy rate unchanged on Wednesday, reflecting a positive economic growth outlook and steady inflation but issued a warning about potential currency volatility. At its final policy meeting of the year, Bank Negara Malaysia (BNM) maintained its overnight policy rate at 3.00%, as …

Malaysia cenbank holds rates, likely no change next year Read More »

By Phuong Nguyen HANOI (Reuters) – Vietnam reported an October trade surplus of $2 billion, narrowing from the previous month as imports grew at a faster rate than exports, government data showed on Wednesday. The Southeast Asian country, a regional manufacturing hub, relies heavily on exports for its economic growth. Shipments rose 10.1% in October …

Vietnam records $2 billion trade surplus in October, lowest since May Read More »

TOKYO (Reuters) -Japan’s Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts’ expectations as it suffered a heavy sales decline in China. Japan’s second-largest automaker said operating profit was 257.9 billion yen ($1.68 billion) in the July-September quarter, marking the company’s first year-on-year profit decline in seven quarters. The …

Honda posts 15% fall in Q2 operating profit, missing forecasts Read More »