Reuters Asia Business

Bipartisan support for Taiwan gives hope for free trade deal, U.S. business group says

TAIPEI (Reuters) – The high level of bipartisan political support for Taiwan in the United States gives hope eventually a free trade deal could be signed, especially given progress on current talks, the American Chamber of Commerce in Taiwan’s chairman said on Thursday. Taiwan, a major semiconductor producer, has long campaigned for such a deal, …

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Sri Lanka gives preliminary approval to Musk’s Starlink

COLOMBO (Reuters) -Sri Lanka has given Elon Musk’s Starlink, the satellite unit of SpaceX, preliminary approval to provide internet services there, the president’s office said on Thursday. Sri Lanka fast-tracked the approval process after Musk met with President Ranil Wickremesinghe last month in Indonesia on the sidelines of the 10th World Water Forum. Sri Lanka’s telecommunications …

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Top news app in US has Chinese origins and ‘writes fiction’ with the help of AI

By James Pearson LONDON (Reuters) -Last Christmas Eve, NewsBreak, a free app with roots in China that is the most downloaded news app in the United States, published an alarming piece about a small town shooting. It was headlined “Christmas Day Tragedy Strikes Bridgeton, New Jersey Amid Rising Gun Violence in Small Towns.” The problem …

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Chilean regulator aims for quick decision on Tianqi-SQM dispute

SANTIAGO (Reuters) – Chile’s financial regulator said on Wednesday it is aiming to respond as quickly as possible to a complaint from China’s Tianqi Lithium over a planned lithium partnership between miner SQM and Chilean state miner Codelco. Tianqi, which holds about a fifth of shares in SQM, has argued to the regulator that a …

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China’s SPIC invests $147 million in Brazil wind farms, launches solar parks

By Leticia Fucuchima SAO PAULO (Reuters) – Chinese electricity company SPIC announced on Wednesday a 780 million reais ($147.41 million) investment in construction of two new wind farms in Northeastern Brazil, while making its debut in the country’s solar sector, with two large parks beginning operations. The company is diversifying its portfolio and aiming to …

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Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback, source says

(Reuters) -Activist investor Elliott Management has rebuilt a stake worth more than $2 billion in Japanese technology investor SoftBank Group and is calling for a $15 billion share buyback, a person familiar with the matter told Reuters. Shares in SoftBank jumped more than 5% after the news, before paring gains to end the day up …

Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback, source says Read More »

Turkey told Beijing it wants to boost agricultural and food exports to China, Turkish source says

ANKARA (Reuters) – Turkey’s foreign minister told Chinese officials during a visit this week that Ankara wanted to narrow its trade deficit with Beijing partly via more agricultural and food exports, a Turkish diplomatic source said on Wednesday. Foreign Minister Hakan Fidan arrived in Beijing on Monday to hold talks with Chinese counterpart Wang Yi …

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Global investors fret about blowback for owning China, Dalio says

HONG KONG (Reuters) – Money managers should look beyond the United States and are worried that rivalry with China could lead to governments questioning their investment decisions, top investor Ray Dalio said on Wednesday. Dalio, who founded hedge fund Bridgewater in 1975 and has grown it into the largest foreign fund in China, said both …

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