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BUSINESS6d agoStandard Chartered to expand crypto custody services in SingaporeStandard Chartered's Singapore unit plans to offer custody for selected crypto assets, stablecoins, and tokenized real-world assets to institutional investors.headtopics · united states of america
BUSINESS6d agoSeven & i Holdings GAAP EPS of ¥54.25, revenue of ¥5460.27B; reaffirms full-year outlookSeven & i Holdings reported its GAAP EPS and revenue figures and reaffirmed its full-year outlook. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESS6d agoFast Retailing GAAP EPS of ¥1765.70, revenue of ¥3963.39B; gives FY2027 outlookFast Retailing announced its GAAP EPS and revenue, alongside providing its fiscal year 2027 outlook. This offers insights into the company's financial results and future projections.Seeking Alpha Tech
BUSINESS6d agoUniqlo sees profits soar in China despite Beijing-Tokyo tensionsFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...South China Morning Post
BUSINESS6d agoSamsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC salesSamsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.EuroNews [en]
BUSINESS6d agoXiaomi Promotes DeepSeek Prodigy to Vice President in 10 MonthsXiaomi promoted DeepSeek researcher Luo Fuli to vice president just 10 months after she joined, the fastest rise in the company's history.sedaily · south korea
BUSINESS6d agoChina’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...South China Morning Post
BUSINESS6d agoSamsung Q3 profit seen surging nearly nine-fold as AI chip demand soarsSamsung is expected to report a nearly nine-fold surge in its third-quarter profit, driven by soaring demand for AI chips. This indicates strong performance in the technology sector.Seeking Alpha Tech
BUSINESS6d agoHong Kong IPO boom at risk as cornerstone backers get cold feet, sources sayExuberance among cornerstone investors in Hong Kong’s booming initial public offering (IPO) market seems to be fading, forcing some issuers that had hoped to list this month to postpone their offerings. With more than 60 per cent of new listings in the third quarter now trading below their issue prices, cornerstone investors – who typically receive guaranteed allocations in exchange for holding shares for six months – are reconsidering whether to subscribe to coming deals, according to people...South China Morning Post
BUSINESS6d agoTSMC's Q3 revenue jumps 50% Y/Y to record NT$1.49T, beating market forecastTSMC's third-quarter revenue increased by 50% year-over-year, reaching a record NT$1.49 trillion and surpassing market forecasts. This indicates strong financial performance by a major semiconductor company, with broader implications for the tech industry.Seeking Alpha Tech
BUSINESS6d agoTrade confrontation threatens: ‘super-crucial’ meeting between EU and ChinaPeking is vandaag en morgen het decor van een ontmoeting tussen de Europese Unie en China. Na maanden van oplopende spanningen over de onderlinge handel, ontmoet Eurocommissaris van Handel Sefcovic daar de Chinese handelsminister Wang Wentao. De Europese Unie wil zo snel mogelijk een oplossing voor een steeds schevere handelsbalans die inmiddels is opgelopen tot 1 miljard euro per dag. Daardoor worden de Europese industrie en werkgelegenheid hard geraakt. Sefcovic noemt deze ontmoeting "supercruciaal". China heeft juist baat bij de status quo, omdat het veel verdient aan Europese consumenten. NOS Buitenland
BUSINESS6d agoJapan bankruptcies hit 13-year high in FY2026 first halfThe number of corporate bankruptcies in Japan hit a 13-year high for the April-September period as rising prices and labor costs squeezed smaller businesses, a credit research company…Japan Today
BUSINESS6d agoTSMC's September sales jump more than 50% year over yearTSMC's September net revenue came in at 511.86 billion New Taiwan dollarsCNBC
BUSINESS6d agoAndhra plans Japan-style industrial clusters to link MSMEs to global supply chains, says T.G. BharathThe State has built a pipeline of 714 projects worth ₹22.6 lakh crore, with a potential to create 19.3 lakh jobs, says Industries and Commerce MinisterThe Hindu
BUSINESS6d agoAsian equities slide as rising yields and hawkish Fed minutes weigh on sentimentAsian equities are declining due to rising yields and hawkish Federal Reserve minutes. This indicates negative market sentiment influenced by global economic factors and central bank policies.Seeking Alpha Tech
BUSINESS6d agoEU and China open crunch trade talks in Beijing on hybrid car exportsEuropean Union trade commissioner Maros Sefcovic arrives in Beijing on Thursday for two days of high-stakes talks with China, with Brussels seeking a pilot agreement to curb the surge in Chinese hybrid-car exports and reduce a trade deficit now running at around €1 billion per day.RFI [en]
BUSINESS6d agoCan Europe finally get tough on China?Trade Commissioner Maroš Šefčovič is kicking off his visit to China today — and the stakes are high. On today’s show, Zoya Sheftalovich and Sarah Wheaton discuss the most important topic on the agenda: Europe’s trade deficit with China. France and Germany are finally on the same page and want Brussels to get tougher on […]Politico Europe
BUSINESS6d agoEU sends envoy to Beijing as rising exports from China raise economic anxietyThe European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partnerThe Independent World
BUSINESS6d agoAs China and the EU begin crunch trade talks, optimism is in short supplyAs China and the European Union began a fresh round of trade talks in Beijing on Thursday, observers on both sides appeared to agree on one thing: a big breakthrough was unlikely. Chinese firms based in Europe said they hoped the talks could achieve some “limited progress” to help stabilise the trade relationship, while European analysts remained cautious about the potential outcome. “They’re bound to get some results,” said a Chinese source with knowledge of the talks, adding that EU Trade...South China Morning Post
BUSINESS6d agoJapan Today Spotlight #83 | Why are foreign business owners leaving Japan?Japan has dramatically tightened its business manager visa requirements, raising the minimum capital requirement from ¥5 million to ¥30 million and introducing stricter conditions for foreign entrepreneurs. The…Japan Today
BUSINESS6d agoChina boss gifts top employees new BMWs to protect them from harsh weather commutesA restaurant boss in China has received widespread online admiration for gifting brand-new BMWs to her top-performing employees because she hated seeing them brave harsh weather on electric bikes during their commutes. Ma Yanli, owner of a beef hotpot chain headquartered in Jiaozuo, in central Henan province, took some of her workers to collect their new BMWs on September 24. The cars, each priced at 300,000 yuan (US$45,000), had been bought by Ma two weeks earlier with full payment, Henan TV...South China Morning Post
BUSINESS6d agoWill Huanggang Port opening boost spending at Shenzhen’s border retail shops?Retail businesses in Shenzhen are gearing up for the imminent opening of the revamped Huanggang Port at the border Hong Kong shares with mainland China, but some fear the area still lacks commercial appeal to make travellers stay. After six years of redevelopment, the expanded checkpoint is due to open on October 12, according to a source. It will adopt the “joint inspection” model for immigration clearance, which is expected to cut the previous clearance time from about 30 minutes to five...South China Morning Post
BUSINESS6d agoProtect the middle? Why Southeast Asia should care about a vulnerable classAs households across Southeast Asia face rising prices, higher borrowing costs and insecure jobs, analysts say governments should do more to protect a middle class that drives consumer spending but can fall between the cracks of social protection systems designed primarily for poorer households. The issue has come into sharper focus in the Philippines, where the Asian Development Bank Institute (ADBI) urged the government in September to provide targeted support for the middle class to protect...South China Morning Post
BUSINESS6d agoMainland Chinese arrivals to Hong Kong beat ‘golden week’ forecast in just 6 daysMainland Chinese visitor arrivals in Hong Kong exceeded the government’s forecast for the entire National Day “golden week” holiday in the first six days, as major shopping centres and hotel operators reported brisk business. The city recorded 1.3 million mainland visitor arrivals over the first six days of the week-long break, up by 11.6 per cent from the same period last year and surpassing the government’s forecast of 1.29 million for the entire holiday, according to Immigration Department...South China Morning Post