By Sam Nussey TOKYO (Reuters) -Shares of Japan’s Lasertec fell 16% on Friday, a day after the maker of inspection equipment used in chipmaking reported weaker-than-expected first-quarter earnings. Lasertec booked net income of 8.9 billion yen ($58.43 million) for the July to September period, up 16% from a year earlier, but below analysts’ expectation. The …
Lasertec slumps after weaker-than-expected earnings Read More »
By Eduardo Baptista and Anne Marie Roantree BEIJING (Reuters) – Donald Trump winning the U.S. presidency next week would muddle the outlook for Chinese technology firms far more than a win for Kamala Harris, with executives saying his unpredictable style could lead as much to a reprieve for the sanction-hit industry as increased restrictions. The …
TOKYO (Reuters) -Japanese trading house Mitsui raised its full-year net profit forecast to March 2025 to 920 billion yen ($6 billion) on Friday, from 900 billion yen previously, on a stronger outlook for its liquefied natural gas (LNG) business and asset sales. Mitsui, involved in LNG projects in the Middle East and Russia, among other …
BEIJING (Reuters) -Prices of new homes in China rose at a faster pace in October, traditionally a peak season for house hunting, a private survey showed on Friday, suggesting that recent support measures could be having some early impact in a crisis-hit market. The average price across 100 cities edged up 0.29%, compared with the …
China new home prices grow slightly faster in Oct, private survey shows Read More »
By Pranoy Krishna BENGALURU (Reuters) – Indonesia’s economy likely grew 5.0% in the July-September quarter from a year earlier, nearly matching the Q2, 2024 growth rate, as robust consumption offset weak exports, according to a Reuters poll of economists. Southeast Asia’s largest economy has consistently expanded around 5% for over a year now, as consumer …
Indonesia’s economy likely grew 5% in Q3, 2024: Reuters poll Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s rising minimum wage is likely to push up inflation mainly through higher services prices, the central bank said on Friday, signalling confidence over prospects that inflation will sustainably hit its 2% inflation target. Sustained, broadening wage increases are among prerequisites the Bank of Japan has set in raising interest …
Japan’s rising minimum wage likely to push up inflation, BOJ says Read More »
JAKARTA (Reuters) -Indonesia said it has banned sales of smartphones made by Alphabet’s Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple’s iPhone 16 for the same reason. Indonesia blocked sales of Google Pixel phones because the company has not met the rules which necessitate …
Indonesia bans sales of Google phones days after blocking Apple’s iPhone 16 Read More »
BANGKOK (Reuters) – Thailand’s Board of Investment said on Friday it had approved $2 billion worth of new investments in data centres and electronics manufacturing. The approvals include a 32.8 billion baht ($968.12 million)investment by a subsidiary of Alphabet Inc to establish a hyperscale data centre, the BOI said in a statement. ($1 = 33.88 …
Thailand approves $2 billion worth of investments in data centres, electronics Read More »
By Clare Jim and Sneha Kumar (Reuters) -Shanghai-based property developer Yuzhou Group said on Friday it plans to raise HK$112.2 million ($14.43 million) via a rights issue to settle the fees from its proposed offshore debt restructuring. The company is also proposing to consolidate every ten previously issued shares into one share, and change the …
China property developer Yuzhou to raise $14.4 million via rights issue Read More »
BEIJING (Reuters) – China aims to step up supervision of government debt and plans to revise the law to do so, a spokesperson of the legislative affairs committee of the National People’s Congress (NPC) said on Friday. The changes proposed by the NPC’s standing committee will require annual progress reports on debt management work from …
China to revise law for tighter scrutiny of govt debt Read More »
