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Trade asian news

Annika Kim Constantino - Eli Lilly - Eli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro - cnbc.com

Eli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro

Eli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street's expectations and hiked its full-year guidance on strong sales of its blockbuster diabetes drug Mounjaro and newly launched weight loss treatment Zepbound.

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New European trade pact marks a milestone for India - asia.nikkei.com - India -  New Delhi -  Delhi

New European trade pact marks a milestone for India

Puneet Kumar Arora is an assistant professor of economics at the Delhi Technological University. Jaydeep Mukherjee is a professor of economics at the Indian Institute of Foreign Trade in New Delhi.

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Hong Kong is poised to be a bigger force for regional prosperity - scmp.com - Japan - China - Hong Kong -  Hong Kong - South Korea

Hong Kong is poised to be a bigger force for regional prosperity

Indeed, all RCEP members, including the economies of the Association of Southeast Asian Nations, are already important trading partners of Hong Kong’s. The city has signed free trade agreements with 13 of the 15 RCEP members. RCEP members accounted for 71 per cent of the city’s total merchandise trade in 2022 and 46 per cent of its total trade in services in 2021.

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Bloomberg - Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income - scmp.com - Usa - South Korea -  Seoul

Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income

The world’s largest memory chip maker reported net income of 6.62 trillion won (US$4.8 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won. That is more than four times the company’s earnings a year earlier.

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Japan's factory output rises as vehicle production recovers - asia.nikkei.com - Japan -  Tokyo

Japan's factory output rises as vehicle production recovers

TOKYO (Reuters) -- Japan's factory output grew more than expected in March, government data showed on Tuesday, thanks largely to automakers resuming production after safety scandals.

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Nikkei staff writers - Activist fund Elliott buys stake in Warren Buffett-backed Sumitomo - asia.nikkei.com - Japan - New York - county Warren

Activist fund Elliott buys stake in Warren Buffett-backed Sumitomo

NEW YORK/LONDON -- U.S. hedge fund Elliott Management has acquired a stake in Japanese trading house Sumitomo Corp. worth tens of billions of yen (10 billion yen equals $64 million), in a possible prelude to an activist shareholder push, people familiar with the matter said.

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Nikkei staff writer - Yen's surge raises questions over intervention: 3 things to know - asia.nikkei.com - Japan -  Tokyo

Yen's surge raises questions over intervention: 3 things to know

TOKYO -- The yen's sharp appreciation Monday after crossing the 160 mark against the dollar has triggered speculation that Japanese authorities intervened in the market to shore up their home currency.

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Morgan Stanley - Deirdre Bosa - Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a 'better year' in 2025 - cnbc.com - New York

Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a 'better year' in 2025

Following a long period of waiting, "the IPO market's back."

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