SEOUL (Reuters) -Samsung Electronics said on Friday it had named Park Hark-kyu as the new head of its business support office, a key decision-making body of the technology giant that serves chairman Jay Y. Lee. The South Korean company said in a statement the office had been upgraded from a task force. Park’s predecessor, Chung …
Samsung Elec names new head of its key decision-making body Read More »
By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippines’ economic growth slowed sharply in the third quarter, missing market expectations, as a “shocking” corruption scandal linked to government infrastructure projects hammered consumer and investor confidence. Gross domestic product grew 4.0% in the third quarter from a year earlier, well below the 5.2% forecast in …
Philippine growth slows sharply in Q3 as ‘shocking’ corruption scandal dents confidence Read More »
TOKYO (Reuters) -Japan’s Financial Services Agency will support a project by the country’s three-largest banks to jointly issue stablecoins, Finance Minister Satsuki Katayama said on Friday, adding to momentum supporting digital payments in a country where cash and credit cards remain popular. Katayama, who also oversees the FSA, made the comment in a news briefing …
By Yuka Obayashi TOKYO (Reuters) -Japan, the world’s No.2 LNG importer, plans to buy liquefied natural gas for emergency reserves on a monthly basis from January, instead of buying only during peak demand periods, to guard against supply shocks, two industry ministry sources said. The reinforcement of the country’s Strategic Buffer LNG (SBL) program, run …
TOKYO (Reuters) -Japan’s economy probably contracted for the first time in six quarters in the July-September period after being battered by U.S. President Donald Trump’s tariff policies, a Reuters poll showed on Friday. Gross domestic product (GDP) in real terms probably shrank an annualised 2.5% in the third quarter, according to the median forecast of …
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s Oversea-Chinese Banking Corp posted stronger-than-expected third-quarter profit on Friday but warned of margin pressure ahead, as group CEO Helen Wong gave her final briefing before retiring at year’s end. Singapore and Southeast Asia’s second-biggest bank by assets said July-September net profit rose to S$1.98 billion ($1.53 billion) from S$1.97 …
OCBC Q3 profit beats, shares hit record as CEO Wong gives final briefing Read More »
BEIJING (Reuters) -China’s yuan-denominated exports to Russia dropped in October at the steepest rate in eight months, government data showed on Friday, as a slow down in demand and disruptions from Western sanctions weighed on bilateral trade. The shipments to Russia fell 22% last month from a year earlier to 60.46 billion yuan ($8.49 billion), …
China’s October yuan exports to Russia drop the most in 8 months Read More »
(Reuters) -Singapore Telecommunications said on Friday its unit has sold 51 million shares in India’s Bharti Airtel, raising gross proceeds of S$1.5 billion ($1.16 billion). ($1 = 1.2942 Singapore dollars) (Reporting by Shivangi Lahiri in Bengaluru; Editing by Rashmi Aich)
HANOI (Reuters) -Pham Nhat Vuong, the founder of Vingroup, Vietnam’s biggest listed company with a capitalisation of $30 billion, has set up a new firm to produce planes and spacecraft, according to a document in the business registry. Vingroup focuses on real estate but has multiple subsidiaries, including Nasdaq-listed electric carmaker VinFast and recently established …
Vietnam’s real estate developer Vingroup ventures into aviation, space Read More »
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s reflationist advocates of expansionary fiscal policy are making a comeback in economic decision-making with some hand-picked by Prime Minister Sanae Takaichi to fill posts in key government panels. The move heightens the chance proponents of former premier Shinzo Abe’s “Abenomics” stimulus will yield influence on the …
Japan PM Takaichi fills panel posts with advocates of big spending Read More »
