TOKYO (Reuters) - Japanese trading house Mitsubishi Corp posted on Thursday a 18.4% fall in net profit for the year ended in March to 964 billion yen ($6.2 billion), missing estimates.
A LSEG poll of analysts had forecast Mitsubishi's net profit for the fiscal year at 979 billion yen.
($1 = 155.9300 yen)
(Reporting by Katya Golubkova; Editing by Jamie Freed)
KUALA LUMPUR (Reuters) - Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country's digital transformation, the company said in a statement on Thursday.
Microsoft's announcement came as chief executive Satya Nadella visited Kuala Lumpur on Thursday, part of a tour in Southeast Asia to promote the U.S. company's generative artificial intelligence (AI) technology.
Nadella visited Indonesia and Thailand... (continue reading...)
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
The U.S. Federal Reserve held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could delay the... (continue reading...)
(Reuters) - A collapse of an expressway section in China's Guangdong province caused vehicles to plunge and killed 36 people while injuring another 30, state media reported on Thursday, as millions in the country travel for the May Day holiday break.
The collapse, triggered by heavy rain, occurred at around 2:10 a.m. on Wednesday on the Meizhou-Dabu Expressway, Xinhua news agency reported, adding that the collapsed section was 17.9 meters in length... (continue reading...)
By Joyce Lee and Heekyong Yang
ICHEON, South Korea (Reuters) -South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.
The Nvidia supplier and the world's second-largest memory chipmaker will begin sending samples of its latest HBM chip, called the 12-layer HBM3E, in May and... (continue reading...)
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