Reuters Asia Business

Hong Kong curbs disclosures of confidential information before deals

1 Nov 2024

By Summer Zhen HONG KONG (Reuters) – Hong Kong’s securities regulator finalised its guidelines on confidential information communications ahead of share placements and large securities transactions known as block trades after collecting industry feedback. The new rules, which will become effective on May 2, 2025, detail the procedures by which brokers disclose confidential information to …

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How Asian pharma suppliers cash in on Ozempic copies

1 Nov 2024

By Andrew Silver SHANGHAI (Reuters) – Just over a year ago, New Zealand customs officials started to intercept batches of injectable medications labelled Fitaro and Orsema, developed by a little-known Bangladeshi drugmaker, Incepta Pharmaceuticals. The injectable pens, 14 of which were seized at the border, contained semaglutide, a patented substance that helps control blood sugar …

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China’s Oct factory activity returns to expansion, Caixin PMI shows

1 Nov 2024

BEIJING (Reuters) – China’s manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday. The Caixin/S&P Global manufacturing PMI rose to 50.3 in October from …

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Global economy set to cruise at a solid 3% growth rate next year

1 Nov 2024

By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however, …

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Japan’s factory declines accelerate as demand sags, PMI shows

1 Nov 2024

TOKYO (Reuters) – Japan’s factory activity shrank at the fastest pace in three months in October as weak domestic and overseas demand hurts sales and output, a private-sector survey showed on Friday. The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) fell to 49.2 in October from 49.7 in September. It was slightly …

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Google brings AI answers to map applications

1 Nov 2024

By Kenrick Cai (Reuters) – Alphabet’s Google on Thursday announced a set of features that incorporated Gemini, its artificial intelligence chatbot, into its suite of mapping applications. Widely perceived to have relinquished an early lead on AI development to rivals like Microsoft-backed OpenAI, Google has attempted to catch up by incorporating research advances into existing …

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Market watchdog investigates Korea Zinc share issue plan

31 Oct 2024

By Jihoon Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea’s financial market watchdog is investigating whether Korea Zinc’s decision to issue new shares involves any unfair practices, it said on Thursday. The world’s top zinc refiner on Wednesday announced a plan to issue shares worth about $1.8 billion in a move perceived by analysts as …

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Temu to be investigated by EU tech regulators over sale of illegal products

31 Oct 2024

By Foo Yun Chee BRUSSELS (Reuters) -Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday, in a move which could lead to hefty fines for the company. The EU investigation will also focus on the potentially …

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