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Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Fragile yen could make BOJ's Ueda tilt more towards hawkish stance

Leika Kihara |Updated 5 minutes ago |3 min read

By Leika Kihara TOKYO (Reuters) - The yen's slide to fresh 34-year lows is likely to force Bank of Japan Governor Kazuo Ueda to walk a delicate line in guiding monetary policy this week as he tries to maintain a calibrated path to exiting ...

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021.

Morgan Stanley PE Asia to reorganise regional teams as CEO steps down

Reuters |Updated 5 minutes ago |1 min read

HONG KONG (Reuters) - Morgan Stanley Private Equity Asia is reorganising its teams in the region as its current chief executive of Asia Chin Chou is leaving the firm, according to an internal memo seen by Reuters. Morgan Stanley will carve out a ...

A currency dealer walks past electronic boards showing the Korean Composite Stock Price Index  (KOSPI) and the exchange rate between the U.S. dollar and South Korean won at a dealing room of a bank, in Seoul, South Korea, March 16, 2023.

South Korea prepares new monitoring system to detect illegal stock short selling

Reuters |Updated 55 minutes ago |2 min read

SEOUL (Reuters) - South Korea's financial market watchdog said on Thursday it had prepared a new monitoring mechanism to detect illegal short-selling trades in the domestic stock market. Under the new mechanism, all short-selling transactions by ...

Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022.

Markets wary of intervention as yen struggles at 155 level

Rae Wee |Updated 1 hour ago |3 min read

By Rae Wee SINGAPORE (Reuters) - The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy ...

An aerial view shows Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022.

Oil eases as US demand concerns outweigh fears over Middle East conflicts

Yuka Obayashi |Updated 1 hour ago |2 min read

By Yuka Obayashi TOKYO (Reuters) - Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the ...

Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.

Battery firm LG Energy Solution Q1 profit plunges on weak EV sales

Heekyong Yang and Ju-min Park |Updated 4 minutes ago |1 min read

SEOUL (Reuters) - South Korean battery firm LG Energy Solution (LGES) posted on Thursday a 75% drop in quarterly profit, hit by weakening demand from electric vehicle (EV) sales. The company, which supplies Tesla, General Motors and Volkswagen ...

A view of Keppel signage outside their building in Singapore June 28, 2023.

Singapore's Keppel profit rises on strong infra, connectivity performance

Reuters |Updated 5 minutes ago |1 min read

(Reuters) -Singapore's Keppel reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both the segments improved year-on-year, the global asset manager said ...

Bottles of tequila Jose Cuervo, Don Julio, 1800 and Herradura are displayed at a bar in this picture illustration taken April 4, 2019.

Tequila maker Becle's profit shrinks on slowing liquor consumption

Reuters |Updated 25 minutes ago |2 min read

MEXICO CITY (Reuters) -Mexico's Becle, the world's largest tequila producer, on Wednesday posted a 18% fall in first-quarter net profit from a year earlier, still landing above analyst forecasts, as it sold fewer alcoholic drinks and was hit by ...

A man walks along the Cheonggye stream in central Seoul, South Korea January 25, 2017.

South Korea Q1 GDP growth beats all estimates, puts policy easing in doubt

Reuters |Updated 35 minutes ago |2 min read

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -The South Korean economy grew at the fastest pace in more than two years in the first quarter on robust exports, beating all estimates and fuelling market expectations that the Bank of Korea would delay ...

Employee walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016.

SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom

Reuters |Updated 5 minutes ago |3 min read

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) ...

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