Business
Fragile yen could make BOJ's Ueda tilt more towards hawkish stance
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 ...
Morgan Stanley PE Asia to reorganise regional teams as CEO steps down
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 ...
South Korea prepares new monitoring system to detect illegal stock short selling
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 ...
Markets wary of intervention as yen struggles at 155 level
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 ...
Oil eases as US demand concerns outweigh fears over Middle East conflicts
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 firm LG Energy Solution Q1 profit plunges on weak EV sales
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 ...
Singapore's Keppel profit rises on strong infra, connectivity performance
(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 ...
Tequila maker Becle's profit shrinks on slowing liquor consumption
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 ...
South Korea Q1 GDP growth beats all estimates, puts policy easing in doubt
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 ...
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
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) ...