Asia Business

Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build “cutting edge” manufacturing facilities, President Donald Trump said Monday, announcing the latest blockbuster financial pledge by a private company since his return to office.Taiwan Semiconductor Manufacturing Co’s new investment will come on top of their existing commitments, and will …

TSMC announces $100 bn investment in new US chip plants Read More »

Workers’ rights, a housing crisis and marital disputes are among the issues that China’s leaders will discuss at annual political meetings that open Tuesday in Beijing.The ruling Communist Party will use the conclave known as the “Two Sessions” to rubber-stamp a raft of pre-approved legislation, with little expectation of any meaningful opposition as voting is …

Work, housing, marriage: issues at China’s annual political meetings Read More »

US President Donald Trump shut down hopes Monday of an eleventh-hour deal with Canada and Mexico to avert sweeping tariffs, while signing an order to further hike duties on China.Trump had unveiled — and then paused — blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to …

Trump says Canada and Mexico cannot avert tariffs, hikes China levy Read More »

Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico and Canada could not be averted.Japan’s Nikkei and Hong Kong’s Hang Seng saw the biggest drop, tumbling more than two percent and 1.5 percent respectively.It comes after the White House said Trump had signed on …

Asia stocks tumble after Trump tariffs Read More »

Shares of the owner of 7-Eleven plunged on Tuesday after a report said the Japanese retailer plans to reject a multibillion-dollar takeover offer by Canada’s Alimentation Couche-Tard (ACT).Seven & i, which operates some 85,000 convenience stores worldwide, last year rebuffed an ACT offer worth nearly $40 billion that would have been the biggest foreign buyout …

7-Eleven shares plunge on reported plan to reject takeover Read More »

Donald Trump’s latest tariff hike targeting China is likely only the start of his intensifying trade war against Beijing, which may struggle to shield its already ailing economy, analysts warned.The unpredictable White House returnee railed against major US trading partners during his campaign, vowing to impose blistering measures on China once elected.After just six weeks …

Trump’s China tariffs eclipse first term, more hikes likely: analysts Read More »

US stocks closed sharply lower Monday, after President Donald Trump slapped fresh sanctions against China and levies on Mexico and Canada neared imposition, while European defense shares soared as the European Union sought increased military spending over Ukraine.The White House said Trump had signed an executive order raising tariffs on China to 20 percent, shortly after …

US stocks fall on Trump tariff concerns, European defense firms soar Read More »

Thousands of delegates from across China gather in Beijing from Tuesday as the country kicks off its annual legislative sessions, one of the most important political events of the year.The meetings, known as the “Two Sessions”, are concurrent gatherings of China’s rubber-stamp parliament and a separate political advisory body.Voting is tightly controlled and legislation is …

What are China’s annual ‘Two Sessions’ meetings? Read More »

Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build “cutting edge” manufacturing facilities, President Donald Trump said Monday, announcing the latest blockbuster financial pledge by a private company since his return to office.Taiwan Semiconductor Manufacturing Co’s new investment will come on top of their existing commitments, and will …

TSMC announces $100 bn investment in new US chip plants Read More »

7-Eleven’s owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada’s Alimentation Couche-Tard (ACT), reports said Monday.Last week Seven & i said its founding family failed to put together a buyout to fend off ACT’s offer, which would be the largest foreign acquisition of a …

7-Eleven to replace CEO in Couche-Tard takeover battle: reports Read More »