Reuters Asia

NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud on Thursday appealed a judge’s order that he remain in jail pending trial, court records showed. Guo Wengui, once a business associate of former U.S. President Donald Trump’s adviser Steve Bannon, was arrested in March. …

Chinese businessman Guo Wengui appeals bail denial in fraud case Read More »

By Nick Carey ANSTY, England (Reuters) – Geely unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (EV) platform for vehicles ranging from people-movers to commercial vans that it said could also be used by other units of the Chinese carmaker. LEVC said the platform, dubbed Space Oriented Architecture (SOA), had …

Geely’s London black cab unit unveils new large EV platform Read More »

By Stephen Nellis (Reuters) – Apple Inc’s results beat expectations on Thursday, showing off the tech giant’s resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets. Shares of the largest U.S. company by market value rose 2% after Apple exceeded Wall Street’s expectations for …

Apple iPhone sales inch up, bolstering results amid shaky economy Read More »

By Matt Spetalnick and David Brunnstrom WASHINGTON (Reuters) – Philippines President Ferdinand Marcos Jr said on Thursday his agreement this year to grant the United States access to more military bases in his country was not intended for use for “offensive action” against any country. Speaking to a U.S. think-tank in Washington, Marcos said he …

Marcos says U.S. access to Philippines bases not meant for ‘offensive action’ Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest Asian markets go into Friday’s session on the defensive, bringing what has been a surprisingly resilient week for local …

Marketmind: Another day, another U.S. banking swoon Read More »

WASHINGTON (Reuters) -Pressure is growing on U.S. regulators to take more steps to shore up the country’s banking sector as a renewed rout in regional lenders’ shares forced PacWest Bancorp to explore options to bolster its balance sheet. Wall Street executives and bank analysts called for regulators to quickly provide more protection for bank deposits …

Pressure grows for regulatory intervention as US bank rout deepens Read More »

By Sheila Dang (Reuters) – Advertisers are committed to continue spending on TikTok due to its immense popularity with users despite threats of a potential ban in the U.S. over national security concerns, ad experts said. The steadfastness comes as TikTok, which is owned by Chinese tech firm ByteDance, is fighting to prevent a ban …

TikTok advertisers stick by the app amid threat of US ban Read More »