By Lisa Barrington SEOUL (Reuters) -Chinese planemaker COMAC said on Thursday it has opened an office in Hong Kong – its second outside mainland China this week – and has signed a deal to support flight operations there as it tries to break into the global passenger jet market. COMAC’s two commercial passenger planes are, …
Chinese planemaker COMAC expands overseas push with Hong Kong, Singapore offices Read More »
(Reuters) – Britain’s Spectris said on Thursday that the persistent softness in the Chinese market is likely to continue into the early part of 2025, after the scientific instruments maker cut its annual profit forecast, sending its shares sharply lower. The company’s stock fell as much as 8% to 2,370 pence in early trade, the …
UK’s Spectris flags weakness in China market spilling into 2025 Read More »
TAIPEI (Reuters) – Taiwan’s trade-dependent economy grew more than expected in the third quarter of 2024, thanks to stronger demand for new applications such as artificial intelligence-related products. Taiwan is a key hub in the global technology supply chain for companies such as Apple and Nvidia, and home to the world’s largest contract chipmaker, Taiwan …
Taiwan Q3 preliminary GDP beats forecast on solid AI demand Read More »
LONDON (Reuters) – Japan Tobacco on Thursday raised the full-year revenue forecast for its tobacco business for the second consecutive quarter, citing higher prices and better than expected third-quarter volumes. The maker of Benson & Hedges and Winston cigarettes said it now expects core revenue at the tobacco business to rise 9% in constant currency …
Japan Tobacco raises annual cigarette sales forecast again Read More »
(Reuters) -The Bank of Japan maintained ultra-low interest rates on Thursday and signalled the need to scrutinise global economic developments, highlighting its focus on risks to a fragile domestic recovery in deciding when to next tighten policy. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which was conducted in …
TOKYO (Reuters) -Japan’s Panasonic Holdings said on Thursday second-quarter operating profit rose 42% at its battery-making energy unit, as stronger sales of energy storage systems for data centres offset falling demand for automotive batteries. Operating income for the key segment, which makes batteries for Tesla and other automakers, rose to 32.7 billion yen ($213.82 million), …
Panasonic’s battery unit Q2 operating profit rises 42%, keeps forecast Read More »
TOKYO (Reuters) -Toyota Motor and Nippon Telegraph and Telephone (NTT) plan to invest a total 500 billion yen ($3.27 billion) by 2030 into an infrastructure and software platform using artificial intelligence to reduce traffic accidents. The automaker and telecommunications firm said in a joint statement on Thursday they want to develop a mobility AI platform …
Toyota, NTT to invest $3.3 billion on development of AI platform Read More »
(Reuters) – Japanese investors sold overseas assets for a third straight week through Oct. 26, cashing in on the yen’s sharp decline amid U.S. election uncertainties and reduced expectations of big Federal Reserve rate cuts. According to the Ministry of Finance data, Japanese investors sold foreign stocks and long-term bonds worth a net 397.6 billion …
Japanese investors sell overseas assets for third week in a row Read More »
SEOUL (Reuters) – South Korea announced on Thursday new export controls on materials needed to produce solid-fuel missiles in order to restrict North Korea’s ballistic missile development, Seoul’s foreign ministry said. The export controls will cover 15 items that North Korea finds difficult to produce on its own, such as fuselages and combustion tubes, and …
SEOUL (Reuters) – A South Korean court has granted bail to local tech giant Kakao founder Kim Beom-su, also known as Brian Kim, the Seoul Southern District Court said on Thursday. Kim was arrested earlier this year on accusations of stock manipulation during the acquisition of a K-Pop agency last year.He has denied the allegations, …
South Korean court grants bail to Kakao founder Kim Beom-su Read More »
