Business
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 posts higher first-quarter profit
(Reuters) - Singapore's Keppel reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. (Reporting Poonam Behura and Rajasik Mukherjee in Bengaluru; Editing by Rashmi Aich)
Tequila maker Becle posts Q1 profit down 18%
MEXICO CITY (Reuters) - Mexican distiller Becle, the world's largest tequila producer, on Wednesday posted a 18% fall in first-quarter net profit from the year before, landing at 1.00 billion pesos ($61 million). Revenues for the Mexico ...
South Korea Q1 GDP +1.3% q/q, beating forecast
SEOUL (Reuters) - South Korea's economic growth in the first quarter of 2024 quickened to the fastest pace in over two years, official advance estimates showed on Thursday, beating market expectations. Gross domestic product (GDP) for the ...
SK Hynix Q1 profit beats expectations on AI boom
SEOUL (Reuters) - South Korea's SK Hynix on Thursday posted its highest profit in nearly two years, as explosive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets drove a sharp performance ...
LATAM scraps plan to acquire Boeing B737s after talks end with bankrupt Gol
By Dietrich Knauth NEW YORK (Reuters) - LATAM Airlines said on Wednesday that it was no longer seeking to acquire Boeing B737 planes either from bankrupt Brazilian carrier Gol or other sources, opting to look for alternative narrowbody aircraft ...