Business
Hong Kong bourse operator's Q1 profit down 13% on weaker listings, trading
By Selena Li HONG KONG (Reuters) - Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses. The profit attributable ...
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%
HANOI (Reuters) - Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds. "Trade, a key ...
Asian shares rise on tech boost; yen on intervention watch
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted risk ...
Capital A extends contract of CEO Fernandes for next five years
KUALA LUMPUR (Reuters) - Capital A, the operator of budget airline group AirAsia, said on Wednesday the contract of its chief executive Tony Fernandes has been extended for the next five years. (Reporting by Danial Azhar; Writing by Rozanna ...
China's Huawei launches new software for intelligent driving
BEIJING (Reuters) -Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolising a combination of ...
Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports
TOKYO (Reuters) - Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday. The plant is being built primarily to supply Honda Motor's electric vehicle ...
Thai central bank minutes show economy expanding, uncertainty remains
BANGKOK (Reuters) - Thailand's economy is projected to grow at a faster pace in 2024 than 2023 supported by private consumption and tourism, but uncertainties remain, minutes of the Bank of Thailand's April 10 monetary policy meeting showed on ...
Unemployment biggest worry in India, world's fastest growing economy: Reuters poll
By Milounee Purohit BENGALURU (Reuters) - The biggest economic challenge for the government after the ongoing election is unemployment, according to economists polled by Reuters who expected the world's most populous country to grow a healthy ...
Explainer-What happens now that US TikTok bill has been passed?
WASHINGTON (Reuters) - The U.S. Senate on Tuesday passed legislation giving TikTok's Chinese owner, ByteDance, about nine months to divest the U.S. assets of the short-video app, or face a nationwide ban. President Joe Biden said he will to sign ...
Tesla offers zero down payments on Model 3, Model Y in China
BEIJING (Reuters) - Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China, a notice on its social media account showed. (Reporting by Liz Lee and Beijing newsroom; Editing by Tom Hogue)