BUSINESS

India has become a big market for the Cupertino, California-based company, which launched an online retail store in the world's second-largest smartphone market in 2020.

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.

Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand.

Operating profit likely fell to 1.08 trillion won in the quarter ended March 31, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.

In Asia, Japan's service sector grew in March at the fastest rate in more than nine years.

Since 2008, developers have barrelled through the island, transforming the Limassol skyline into tower blocks and luxury homes, making it the most modern-looking of Cypriot cities.

The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables projects with an initial investment of $10 billion in southern Iraq over 25 years.

Middle East producers' curbs will leave markets short by an average of 2.3 million bpd in the second half of 2023, estimated Matt Hagerty, a senior manager for energy consultants BTU Analytics, a FactSet company.

Once China's largest real estate company, Evergrande was found in 2021 to be drowning in more than $300 billion in liabilities, sparking a nationwide property crisis that had ramifications around the world.

Vahia is one among India's young and aspirational 1.4 billion population, whose propensity for online spending has attracted global companies and digital platforms.

Nicknamed "Startup Nation", Israel's economy has ridden a wave of tech success with a sector that employs just 10% of the country's workforce accounting for around 15% of economic output, more than half of exports and a quarter of tax income.

Hundreds of the Asia-focused lender's individual investors are set to attend the so-called informal shareholders meet in an exhibition centre in the Kowloon Bay district with Chairman Mark Tucker and Chief Executive Noel Quinn.

The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday.

The value of deals involving Asian companies totalled $176 billion in the first quarter of 2023, 34% less than in the same period of 2022 and the lowest since 2013, Refinitiv data showed.

Three other OPEC+ delegates also said any policy changes were unlikely on Monday. After those talks, the next full OPEC+ meeting is not until June.

Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar.

Haidilao International Holding's overseas unit, Super Hi International Holding, posted revenue of $558.2 million and a net loss of $41.3 million for 2022, compared with a loss of $150.8 million in 2021.

Here is a look at some of the carbon emissions trading systems (ETS) and pricing mechanisms in Asian countries aimed at reducing greenhouse gas emissions and achieving net zero targets.

Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).

Barclays said on Tuesday any protracted outage of Kurdish exports through the end of the year would imply a $3 a barrel upside to its $92-a-barrel price forecast for Brent in 2023.

It's a difficult path for the island nation that is a neighbour to gas-rich Qatar and connected by a causeway to Saudi Arabia, a key ally and the world's biggest oil exporter.

Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services.

The head of Australia's prudential regulator said on Tuesday the country's banks were among the best placed in the world to handle a financial crisis, following the collapse of Silicon Valley Bank (SVB) that roiled international markets.

The project in Liaoning province's city of Panjin will be Aramco's second major refining-petrochemical investment in China and follows the world's top oil exporter reporting a record profit of $161 billion in 2022.

Indian banks, in the past, have had to take deep haircuts on their exposure to debt-laden companies admitted under bankruptcy legislation.

Growth slowed in part because Iraq agreed to cap output under supply policy agreed with the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+.

Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

Apple Inc's Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S.

Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country's civil aviation minister told Reuters the "time has come" to serve its soaring demand with jets assembled on domestic soil.