Reuters Asia Business

(Reuters) – Research firm IDC raised its forecast for full-year global smartphone shipments on Tuesday, citing strong growth in the first half of the year as consumer electronics demand recovers and artificial intelligence features attract buyers. IDC expects shipments to grow 5.8% to 1.23 billion units in 2024, up from its previous forecast of 4% …

IDC raises annual global smartphone shipments forecast on GenAI optimism Read More »

(Reuters) -The electric vehicle unit of embattled real estate developer China Evergrande said on Tuesday it expected to report a bigger loss for the first half of 2024, reflecting an increase in provision for impairments. China Evergrande New Energy Vehicle estimated a consolidated net loss of about 20.25 billion yuan ($2.84 billion) for the six …

China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions Read More »

TOKYO (Reuters) -Toyota Motor Corp and BMW are set to upgrade their partnership in fuel cell vehicles, Nikkei Asia reported on Tuesday. The two automakers will sign a memorandum of understanding on the partnership next week, with an official announcement set for Sept. 5, Nikkei Asia reported. A Toyota spokesperson said Nikkei’s report is not …

Toyota and BMW to upgrade fuel cell alliance, Nikkei Asia says Read More »

TOKYO (Reuters) – Sony is raising the price of its PlayStation 5 (PS5) games console in Japan by about 20%, it said on Tuesday, citing a difficult external environment including global economic fluctations. The console will cost 79,980 yen ($551) or 72,980 yen for a version without a disk drive from Sept. 2, the entertainment …

Sony to raise PlayStation 5 price by 20% in Japan Read More »

By Chen Aizhu SINGAPORE (Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well as building on its record of producing more from aging wells, the head of its research arm said. China National Petroleum Corp (CNPC) and its …

Once-acquisitive Chinese oil giant looks to revive global dealmaking Read More »

TOKYO (Reuters) – Japan’s Seven & i Holdings must act fast to negotiate a takeover bid from Canada’s Alimentation Couche-Tard that has “historic implications”, according to a fund manager at activist shareholder Artisan Partners. Couche-Tard, owner of Circle-K convenience stores, last week sounded out Seven & i about a possible acquisition, a deal that would …

Possible Seven & i takeover ‘historic’ for corporate Japan, Artisan’s Herrick says Read More »

By Hyunsu Yim SEOUL (Reuters) – South Korean President Yoon Suk Yeol on Tuesday called for digital sex crimes to be thoroughly investigated after media reported that sexually explicit deepfake images and videos of South Korean women were often found in Telegram chatrooms. The reports by domestic media over recent days have coincided with the …

South Korea vows tougher stance after outcry over sexual deepfakes in Telegram chatrooms Read More »

JAKARTA (Reuters) – Indonesian state-controlled miner PT Aneka Tambang (Antam) is planning to acquire a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, its chief executive said on Tuesday. The plan would be part of the company’s non-organic growth strategy, Nicolas Kanter said in a public presentation. “In order to …

Indonesian miner Antam plans to acquire smelter owned by Tsingshan unit Read More »

KUALA LUMPUR (Reuters) – Major tech companies must comply with local laws to continue operating in Malaysia, a minister said on Tuesday, after an industry group urged the government to pause a plan to require social media platforms to apply for a regulatory license. The Asia Internet Coalition (AIC) – whose members include tech giants …

Malaysia says tech firms must comply with its laws amid backlash over social media licensing Read More »