Reuters Asia

Exclusive-Thermo Fisher, Celltrion vie for Baxter’s biopharma unit -sources

By Anirban Sen and David Carnevali (Reuters) -U.S. scientific instruments maker Thermo Fisher Scientific Inc and South Korea’s Celltrion Inc are among those competing to acquire the biopharma solutions business of medical device maker Baxter International Inc, according to people familiar with the matter. The divestment, which the sources said could fetch more than $4 …

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‘Climate time bomb ticking’, emissions must urgently be cut -UN chief

By David Stanway (Reuters) -U.N. Secretary General Antonio Guterres warned that the “climate time bomb is ticking” as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling climate change. “The rate of temperature rise in the last half century …

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India’s strong corporate debt profile key to macroeconomic stability – fin min

NEW DELHI (Reuters) – The strong debt profile of Indian corporates will be a major factor in maintaining the Asian nation’s macroeconomic stability, the country’s finance ministry said in a monthly report on Monday. “Tightening of financial conditions by central banks to tame inflation has raised concerns regarding the exacerbation of corporate debt vulnerabilities, with …

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Indonesia’s GoTo posts narrower Q4 2022 adjusted EBITDA loss to $201.9 million

JAKARTA (Reuters) -Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk posted a narrower adjusted EBITDA loss for the fourth quarter of 2022 of 3.1 trillion rupiah ($201.89 million), the firm said on Monday. GoTo posted 6.5 trillion rupiah in adjusted EBITDA (earnings before interest, tax, depreciation, amortisation and rent) loss in the same period …

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Europe’s hopes for busy post-COVID summer dim as Chinese tourists stay away

By John Revill, Rachel More and Joanna Plucinska ZURICH/BERLIN/LONDON (Reuters) – Urs Kessler, who runs Jungfrau Railways, a train that takes tourists up the highest mountain in Switzerland, was excited for the return of Chinese tourists after COVID-19 restrictions were lifted late last year. But barring one small group in February and a few larger …

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