By Josh Ye HONG KONG (Reuters) -Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering…
China’s Lenovo posts worst revenue fall in 14 years as PC demand slumps
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter,…
Hermes beats forecasts on robust growth in China, U.S.
By Mimosa Spencer and Ingrid Melander PARIS (Reuters) – Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its…
U.S. tries to woo India away from Russia with display of F-35s, bombers
By Krishn Kaushik BENGALURU -The United States brought its most advanced fighter jet, the F-35, to India for the first…
Japan to launch pilot programme for issuing digital yen
By Leika Kihara TOKYO (Reuters) -Japan will start a pilot programme in April to test the use of a digital…
Gucci banks on private ‘salons’ for the ultra-rich to revive sales
By Mimosa Spencer PARIS (Reuters) -Gucci is banking on new ultra-high-end “salons” offering merchandise priced at up to $3 million…
China set to leave lending benchmarks unchanged as economic recovery seen on track
SHANGHAI (Reuters) – China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday,…
Russian rouble slides past 75 vs dollar to near 10-month low
MOSCOW (Reuters) – The Russian rouble fell past 75 to the dollar on Friday, extending a recent weakening trend sparked…
Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to…
With Japan’s new central bank boss, Kishida bids farewell to Abenomics
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – For Prime Minister Fumio Kishida, Japan’s next central bank chief had…