Dec 12 (Reuters) – Nvidia has told Chinese clients it is evaluating adding production capacity for its powerful H200 AI chips after orders exceeded its current output level, according to two sources briefed on the matter. The move comes after U.S. President Donald Trump said on Tuesday the U.S. government would allow Nvidia to export …
Dec 15 (Reuters) – China Vanke made a renewed effort to muster bondholder backing for an onshore debt repayment due this week and avoid a default after the state-backed developer’s plan was rejected, rekindling concerns about the nation’s crisis-hit property sector. Vanke will seek to extend the grace period for a 2 billion yuan ($283.56 …
Vanke makes fresh bid to win support for bond payment as default risk looms Read More »
TOKYO, Dec 15 (Reuters) – Japan’s Mitsubishi UFJ Financial Group is in final talks to acquire a 20% stake in Indian non-bank financial institution Shriram Finance for more than 500 billion yen ($3.22 billion), Bloomberg News reported on Monday. MUFG is planning to announce the acquisition this week, Bloomberg said, citing multiple sources familiar with …
By Cynthia Kim SEOUL, Dec 15 (Reuters) – South Korea’s central bank and the national pension fund have agreed to extend their foreign exchange swap line to the end of 2026, a move aimed at stabilising the dollar-won market as the won hovers near the weakest level in 16 years. The facility allows the National …
South Korea central bank, NPS agree to extend currency swap agreement for another year Read More »
HONG KONG, Dec 15 (Reuters) – China Vanke made a fresh effort to muster bondholder backing for an onshore debt repayment due this week and avoid a default after the state-backed developer’s initial plan was rejected, renewing concerns about the nation’s crisis-hit property sector. Vanke will hold a second meeting to determine the fate of …
Explainer-Who is Vanke and what do its debt woes mean for China’s property sector? Read More »
BEIJING, Dec 15 (Reuters) – China’s industry regulator on Monday approved two Chinese cars with level-3 autonomous driving capabilities, marking the first time such vehicles have been cleared by the national regulator as legitimate products ready for mass adoption. The Ministry of Industry and Information Technology approved the two electric sedans from state-owned automakers Changan …
China approves first two level-3 autonomous driving cars from state-owned automakers Read More »
TAIPEI, Dec 15 (Reuters) – Taiwan’s premier said on Monday he would not enact local government spending plans passed by the opposition-controlled parliament, saying they were fiscally unsound and that lawmakers were welcome to try and remove him in a no confidence vote. While Lai Ching-te won the presidential election last year, his Democratic Progressive …
Taiwan premier refuses to enact opposition-passed spending plans Read More »
By Kane Wu HONG KONG, Dec 15 (Reuters) – HashKey Holdings, Hong Kong’s largest licensed crypto exchange, is set to raise about HK$1.6 billion ($206 million) after pricing its Hong Kong initial public offering at HK$6.68 a share, one source with direct knowledge said on Monday. HashKey launched the IPO last week, offering 240.6 million …
Crypto exchange Hashkey raises $206 million in Hong Kong IPO, source says Read More »
SEOUL, Dec 15 (Reuters) – Korea Zinc said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4 billion. Korea Zinc said the U.S. government asked the company to build the facilities, to respond to the expansion of global …
Dec 15 (Reuters) – Foreign investors snapped up Asian bonds in November as they sought shelter from an equity market selloff driven by concerns over stretched tech valuations and uncertainty around the U.S. Federal Reserve’s rate outlook. They bought a net $10.86 billion of bonds in South Korea, Thailand, Malaysia, India and Indonesia in November, …
Foreign inflows into Asian bonds hit six-month high in November Read More »
