Reuters Asia - Squid Business

Chinese billionaire Jack Ma sees AI future for Ant Group, in rare appearance

BEIJING (Reuters) – Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group’s future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020. Speaking on Sunday at the 20th anniversary celebration for Ant Group, which he also co-founded, Ma welcomed …

Chinese billionaire Jack Ma sees AI future for Ant Group, in rare appearance Read More »

Cricket-Door open for Shami as India look to lessen Bumrah’s burden

By Amlan Chakraborty (Reuters) – As Mohammed Shami was tormenting local batters in Rajkot last week in his latest outing since returning from a year out due to injury, some questioned why one of India’s top seamers had not been flown out to Australia to support pace spearhead Jasprit Bumrah. In the wake of India’s …

Cricket-Door open for Shami as India look to lessen Bumrah’s burden Read More »

BOJ Deputy Governor Himino to deliver speech Jan. 14

TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Ryozo Himino will deliver a speech and hold a news conference in the eastern Japan city of Yokohama on Jan. 14, the central bank said on Monday. The event will precede the BOJ’s policy-setting meeting on Jan. 23-24, when some analysts expect the central bank to …

BOJ Deputy Governor Himino to deliver speech Jan. 14 Read More »

Japan’s Kioxia prices IPO in middle of range, raising $800 million

TOKYO (Reuters) -Bain Capital-backed chipmaker Kioxia’s initial public offering has raised 120 billion yen ($800 million) including an overallotment after shares were priced in the middle of their marketed range, according to a securities filing on Monday. Kioxia, a major manufacturer of memory chips, set its IPO price at 1,455 yen per share, the filing …

Japan’s Kioxia prices IPO in middle of range, raising $800 million Read More »

India’s Godrej Consumer slumps 9% after flagging weak Q3 demand

(Corrects media packaging code; no changes to text) By Sethuraman N R (Reuters) -Shares of India’s Godrej Consumer Products slumped 9% on Monday, set for their worst day since March 2020 and dragging down its peers in the fast moving consumer goods sector after the firm warned of stress on demand and profit margins in …

India’s Godrej Consumer slumps 9% after flagging weak Q3 demand Read More »

Tonga PM Sovaleni resigns ahead of no confidence vote, government says

SYDNEY (Reuters) -Tongan Prime Minister Siaosi Sovaleni has resigned “for the good of the country and moving Tonga forward”, the Pacific Island nation’s parliament said on Monday. Media reported the resignation in parliament shortly before midday came ahead of a motion for a vote of no confidence expected to be put to the assembly. “I’ll …

Tonga PM Sovaleni resigns ahead of no confidence vote, government says Read More »

South Korea’s President Yoon banned from foreign travel, official says

SEOUL (Reuters) – South Korea President Yoon Suk Yeol has been banned from foreign travel, a justice ministry official told a parliament committee hearing on Monday. (Reporting by Joyce Lee; Editing by Kim Coghill)

China’s Nov bank lending seen doubling as stimulus kicks in: Reuters poll

By Liz Lee BEIJING (Reuters) – China’s new yuan loans are expected to have almost doubled in November from October, a Reuters poll showed on Monday, demonstrating firmer credit demand as Beijing’s recent efforts to prop up economic growth lift confidence. Banks likely issued 990 billion yuan ($136.02 billion) in net new yuan loans last …

China’s Nov bank lending seen doubling as stimulus kicks in: Reuters poll Read More »

Cricket-Australia quick Hazlewood could be back for third India test

SYDNEY (Reuters) – Australia quick Josh Hazlewood bowled two spells at full pace at Adelaide Oval on Monday and thinks he will know in the next 24 hours if he will be available for the third test against India in Brisbane. Hazlewood missed the 10-wicket win over India in Adelaide on Sunday with the latest …

Cricket-Australia quick Hazlewood could be back for third India test Read More »

Dozens of schools in Delhi get bomb threats, ANI news agency says

NEW DELHI (Reuters) – At least 40 schools received a bomb threat by email in Delhi on Monday demanding $30,000, ANI news agency said, while police officials conducted initial searches on school premises. Schools, railway stations and airports this year have been subject to hundreds of bomb threats, which have later turned out to be …

Dozens of schools in Delhi get bomb threats, ANI news agency says Read More »