(This May 28 story has been refiled to rectify the name of the company to ST Telemedia Global Data Centres from STT Telemedia Global Data Centres in paragraph 2) By Yantoultra Ngui SINGAPORE (Reuters) – A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority …
By Sarah Wu and Philip Blenkinsop BEIJING/BRUSSELS (Reuters) – The European Commission’s expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world’s biggest EV industry. The provisional tariffs, expected to be announced by June 5, will …
Analysis-China gears up to make a deal with Europe as EV tariffs loom Read More »
By Heekyong Yang, Ju-min Park and Hyunsu Yim SEOUL (Reuters) -A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a …
Samsung Electronics’ union threatens first ever walkout next week Read More »
By Joe Cash BEIJING (Reuters) -China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The global lender’s new projections come as Beijing steps up efforts to shore …
IMF upgrades China’s 2024, 2025 GDP growth forecasts but warns of risks ahead Read More »
HONG KONG (Reuters) – Hong Kong’s private home prices climbed for the second month in a row in April, up 0.3% from March, after the financial hub lifted curbs to boost its ailing property market. The increase in home prices in one of the world’s most expensive property markets followed a revised 1.8% rise in …
Hong Kong home prices rise 0.3% in April from March Read More »
By Josh Ye HONG KONG (Reuters) – Chinese internet giant Tencent Holdings’ mobile game “Dungeon and Fighter” was the top-selling app on Apple’s App Store in China this week, surpassing the company’s existing flagship games after it spent years looking for a new marquee title. The side-scrolling action game, developed by South Korea’s Nexon and …
Tencent finds new hit in ‘Dungeon and Fighter’ mobile game after dry spell Read More »
JAKARTA (Reuters) – Indonesia will start reviewing a wide range of economic policies as it seeks to become the first Southeast Asian member of Organisation for Economic Co-operation and Development (OECD), a senior minister said on Wednesday. Indonesia has set a target to become an OECD member within three years, after the Paris-based group opened …
Seeking OECD membership, Indonesia reviews economic policies Read More »
BRUSSELS (Reuters) – A majority of Europe’s chief executives believe relations between Europe and China will worsen over the next three years, with the EU’s de-risking strategy and Beijing’s close ties with Moscow cited as the greatest areas of friction. The European Round Table for Industry (ERT), which includes chief executives and chairs of large …
Europe’s business chiefs see EU-China relations worsening Read More »
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. The U.S. Court of Appeals for the District of Columbia ordered the case set for …
US court to hear challenges to potential TikTok ban in September Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a weaker dollar also boosted the commodity. Brent crude futures for July delivery settled up …
Oil up on OPEC+ meeting, summer driving season and weaker US dollar Read More »
