Deutsche Bank flags cost cuts as investment bank slump lowers profit
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank on Wednesday posted a 27% fall in second-quarter profit as…
LG Display flags Q4 turnaround after 5th straight quarterly loss
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea’s LG Display reported a fifth consecutive quarterly loss on Wednesday…
Thailand trims GDP growth outlook as exports soften
BANGKOK (Reuters) -Thailand’s finance ministry has lowered the country’s 2023 economic growth outlook to 3.5% from 3.6% projected earlier, as…
Taiwan’s economy seen returning to growth in Q2: Reuters poll
TAIPEI (Reuters) – Taiwan’s export-dependent economy likely returned to growth in the second quarter thanks to resilient domestic consumption although…
Slowing Australia Q2 inflation lessens rate hike pressure
By Stella Qiu SYDNEY (Reuters) -Australian inflation slowed more than expected in the second quarter thanks to falls in the…
China replaces foreign minister Qin after mysterious absence
By Yew Lun Tian and Laurie Chen BEIJING (Reuters) -China named veteran diplomat Wang Yi its new foreign minister on…
A familiar face for the US as China’s Wang returns as foreign minister
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – China’s decision to reappoint its top diplomat Wang Yi as foreign…
Explainer-China’s politburo meeting leaves many economic headaches unaddressed
HONG KONG (Reuters) – China’s leadership pledged at a key Communist Party meeting this week to support the economy through…
Japan says sees pick up in business sentiment for the first time in 7 months
TOKYO (Reuters) – Business sentiment in Japan is picking up in July on easing supply constraints and the removal of…
Alibaba’s cloud unit brings Meta’s AI model Llama to its clients
HONG KONG (Reuters) – Alibaba’s cloud computing division said it has become the first Chinese enterprise to support Meta’s open-source…