Reuters Asia Business

Maynilad Water shares debut steady after $590 million Philippine IPO

By Karen Lema and Yantoultra Ngui MANILA/SINGAPORE (Reuters) -Shares of Maynilad Water Services were little changed in their Philippine debut on Friday after the utility raised 34.3 billion pesos ($590 million) in the country’s largest listing since 2021. Maynilad, the largest private water concessionaire in the Philippines, serves the west zone of Metro Manila and …

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Trump administration announces Boeing deals in Central Asia

By David Shepardson and Daphne Psaledakis WASHINGTON (Reuters) -U.S. President Donald Trump’s administration announced on Thursday new deals to sell up to 37 Boeing jets to airlines in the Central Asian nations of Kazakhstan, Tajikistan and Uzbekistan. The Commerce Department said Kazakhstan flag carrier Air Astana plans to buy up to 15 Boeing <BA.N> 787-9 …

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Swedish firm EQT shells out $930 million for a slice of South Korea’s Douzone Bizon

(Corrects to add media packaging code and dropped word “of” to the headline) (Reuters) -Swedish investment firm EQT said on Friday it would invest about $930 million in South Korea’s Douzone Bizon to take up a 37.6% stake in the enterprise software provider, marking one of its largest bets in Asia this year. EQT said …

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China’s vice premier urges end to trade barriers holding back green transition

BELEM, Brazil (Reuters) -China’s Vice Premier Ding Xuexiang on Thursday called for an end to trade barriers that are holding back the global energy transition, as he urged “true multilateralism” from fellow leaders at a global climate summit in Brazil. “We need to strengthen international collaboration on green technology and industry, remove trade barriers, and …

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KKR, Singtel seek to fully own Singapore data centre firm in $3.9 billion deal, sources say

By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) -KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres – which would give them full ownership – for over S$5 billion ($3.9 billion), two people with direct knowledge of the plans said. KKR currently …

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Trump administration seeks to negotiate with China on shipping as it pauses port fees

By David Lawder WASHINGTON (Reuters) -The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensions. The U.S. Trade Representative’s office …

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Japan September household spending rises 1.8% year/year

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending in September rose 1.8% from a year earlier, government data showed on Friday, slightly worse thanthe median market forecast for a 2.5% rise. On a seasonally adjusted, month-on-month basis, spending fell 0.7%, versus an estimated 0.1% fall, internal affairs ministry data showed. Consumption and wage trends are …

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UncertAInty slams risk appetite

By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. stocks, bond yields and the dollar all fell on Thursday, dragged down by renewed fears of an AI bubble and worries over the strength of the U.S. labor market. More on that below. In my column today I look at life for markets after the global rate-cutting cycle, …

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