Reuters Asia Business

By Fanny Potkin and Heekyong Yang SINGAPORE/SEOUL (Reuters) -A version of Samsung Electronics’ fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia’s tests for use in its artificial intelligence (AI) processors, three sources briefed on the results said. The qualification clears a major hurdle for the world’s biggest memory chipmaker which has been …

Exclusive-Samsung’s 8-layer HBM3E chips clear Nvidia’s tests for use, sources say Read More »

By Cynthia Kim SEOUL (Reuters) – A stock market rout that wiped $140 billion off South Korea’s KOSPI index on Monday may accelerate the government’s efforts to scrap a proposed tax on stock trading income amid concerns of a market dominated by retail investors. President Yoon Suk Yeol has been trying to secure approval from …

Market rout reignites concerns over South Korea investment tax Read More »

SAO PAULO (Reuters) – China has not resumed buying chicken products from Brazil after an outbreak of Newcastle disease was detected last month, two agriculture ministry officials told Reuters on Tuesday. Speaking on the sidelines of an industry event, they said talks are still talking place with Chinese authorities even after the government controlled the …

China has not resumed buying chicken from Brazil, say government officials Read More »

(Reuters) – Nobel laureate Muhammad Yunus will be the chief adviser of the Bangladeshi interim government, The Daily Star reported on Wednesday, citing a press release of Bangabhaban. (Reporting by Urvi Dugar; Editing by Chris Reese)

SHANGHAI/BEIJING (Reuters) – Online brokerages Futu Holdings and UP Fintech Holding, known for helping Chinese investors buy global stocks, have told clients that night trading of U.S. shares would be suspended on Tuesday after a surge in global market volatility. The brokers attributed the move to notices they received from U.S. service provider Blue Ocean, …

Online brokerages Futu, UP Fintech suspend night trading of U.S. stocks Read More »

BEIJING (Reuters) – Tesla is performing a remote recall of 1.7 million vehicles in China with an over-the-air software update, the state market regulator said on Tuesday. The recall in Tesla’s second-largest market involves imported Model S and X vehicles and China-made Model 3 and Y vehicles that could fail to detect when the front …

Tesla to fix 1.7 million vehicles in China, says market regulator Read More »

By Jessica DiNapoli NEW YORK (Reuters) – Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces “uncertainty” on tariffs ahead of the U.S. presidential election, Newell CEO Chris Peterson said in an interview with Reuters. Peterson …

Sharpie-maker Newell moves more operations from China as tariffs loom Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s cabinet has approved the signing of a trade agreement with Indonesia in March, a government official said on Tuesday, as the island seeks to revive its crisis-hit economy following a severe foreign exchange crunch in 2022. Talks between the countries on the preferential trade agreement started earlier …

Sri Lanka plans to sign trade deal with Indonesia in March Read More »