AFP

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company’s proposed takeover of US Steel that was blocked by his predecessor Joe Biden.Trump said Monday he had directed a government panel, the Committee on Foreign Investment in the United States (CFIUS), to conduct a review of the acquisition.This will …

Nippon Steel shares soar as Trump reviews US Steel takeover Read More »

Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations.The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy.The tech giant …

Samsung forecast beats market expectations for first quarter Read More »

Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally’s Corporation.Star’s business — including casinos, bars, restaurants and hotels at resorts in Sydney, Brisbane and the Gold Coast — has been hovering close to entering administration for months.Bally’s has agreed to inject Aus$300 …

US giant to buy stake in cash-short Australian casino group Read More »

Honda’s executive vice president resigned on Monday over “an allegation of inappropriate conduct”, the Japanese automaker said.The incident occurred “during a social gathering outside of work hours”, Honda said in a statement without specifying what accusations were made against Shinji Aoyama, who is also the company’s director.”It is deeply regrettable that an individual positioned as …

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India’s Adani Group said on Monday it had opened an $800 million container terminal in Sri Lanka, right next to a similar facility operated by a Chinese company.The Adani development at Sri Lanka’s main seaport in Colombo is widely seen as a counter to the rival Chinese terminal and as a means for India to …

India’s Adani opens giant Sri Lanka container terminal Read More »

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession.Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with …

Equities savaged as China retaliation to Trump tariffs fans trade war Read More »

Panic selling gripped global markets on Monday, as US President Donald Trump refused to budge on his swingeing tariffs despite China retaliating and global recession warnings growing louder.Countries across the world have been scrambling to blunt the edge of the new US tariffs, but Beijing signalled it was taking the levies head on, escalating the …

Market panic deepens as China retaliates against Trump tariffs Read More »

US President Donald Trump said Sunday that China would have agreed to a deal on the sale of TikTok if it were not for the tariffs imposed by Washington on Beijing last week.Trump on Friday extended the deadline for TikTok to find a non-Chinese buyer or face a ban in the United States, allowing 75 …

China would have agreed TikTok deal if not for US tariffs: Trump Read More »