SEOUL (Reuters) – South Korea’s finance minister on Thursday vowed to take policy steps to stabilise the real estate market, as house prices are rising in the area of the capital Seoul. “Volatility is increasing in the real estate market recently, with apartment prices rising more sharply in Seoul and the wider capital area,” Finance …
South Korea vows all-out effort to stabilise rising house prices Read More »
By Nichola Groom (Reuters) -Construction of U.S. solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as other American factories struggle to compete despite federal subsidies. Chinese companies will have at least 20 gigawatts’ worth of annual solar panel production capacity on U.S. soil within the next year, …
Many US solar factories are lagging. Except those China owns Read More »
MEXICO CITY (Reuters) – Mexico President-elect Claudia Sheinbaum on Wednesday expressed confidence in her incoming government’s ability to come out on top in a legal battle against Chinese miner Ganfeng and pledged to continue the current’s government stance on the matter. In June, Ganfeng and two of its units registered an arbitration case against the …
Mexico has ‘sufficient arguments’ to win Ganfeng lithium dispute, says president-elect Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking industry participants if Google’s multi-year generative artificial intelligence (AI) deal with Samsung hinders rival chatbots on Samsung smartphones, according to an EU document seen by Reuters. The European Commission last month said it would send requests for information to better understand the effects …
EU antitrust regulators want to know if Google and Samsung’s chatbot deal hinders rivals Read More »
LONDON (Reuters) -A new campaign backed by British retail consultant and television personality Mary Portas has launched an online petition calling on the new Labour government to block fast fashion retailer Shein from listing its shares in London. China-founded Shein, known for its $5 tops and $10 dresses, confidentially filed papers with Britain’s markets regulator …
Campaigners urge UK government to block Shein’s London IPO Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Wednesday it planned to award Taiwan’s GlobalWafers up to $400 million in government grants to significantly increase production of silicon wafers. The funds for projects in Texas and Missouri would establish the first U.S. production of 300-mm wafers for advanced semiconductors and expand production …
By Satoshi Sugiyama TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said on Wednesday he would have to respond if speculators cause excessive moves in the currency market and that there was no limit to how often authorities could intervene, Kyodo News reported. “I have no choice but to respond appropriately if there are …
By Lawrence White LONDON (Reuters) -HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to kickstart growth. Elhedery, 50, who becomes HSBC’s third chief executive in less than eight years, will replace outgoing head Noel Quinn from Sept. …
HSBC names veteran Elhedery as CEO, signals continuity in strategy Read More »
By Alun John (Reuters) -The yen strengthened steadily against the dollar on Wednesday, with traders suspecting another round official buying after Japanese authorities last week likely stepped in to haul the currency away from 38-year lows. The dollar was last down 1.22% at 156.34 yen, its lowest in around a month. The euro was also …
Japan’s yen posts outsized gains, traders suspect new bout of intervention Read More »
By Foo Yun Chee BRUSSELS (Reuters) -TikTok owner ByteDance on Wednesday lost its court challenge against its designation as a gatekeeper under landmark European Union rules, in a boost for antitrust regulators seeking to curb the power of Big Tech. Under the EU Digital Markets Act (DMA), gatekeepers are required to make their messaging apps …
ByteDance must keep gatekeeper label, EU court says in boost for regulators Read More »
