By Alexandra Alper and David Shepardson WASHINGTON (Reuters) -The U.S. on Tuesday said it revoked some licenses that allow companies to ship goods, such as chips, to sanctioned Chinese telecommunications equipment maker Huawei Technologies. The move comes after the release last month of Huawei’s first AI-enabled laptop, the MateBook X Pro powered by Intel’s new …
US revokes some export licenses for China’s Huawei Read More »
By Milana Vinn (Reuters) -BigCommerce, the e-commerce software maker that used to be backed by SoftBank Group, is exploring a sale after attracting takeover interest, people familiar with the matter said on Tuesday. BigCommerce has become an acquisition target after losing 90% of its market value in the four years since its initial public offering. …
Exclusive-Software company BigCommerce explores sale, sources say Read More »
(Reuters) – Wynn Resorts on Tuesday beat Wall Street estimates for first-quarter profit as strength in gaming, luxury retail and hotel bookings drove steady demand at its Macau properties. Shares of the casino operator were up 2.5% in extended trading. The post-pandemic rebound in travel to casino hubs such as Las Vegas and Macau has …
Wynn Resorts quarterly results beat estimates on strength in Macau business Read More »
By Marco Aquino LIMA (Reuters) – The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru’s Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal. Hong Kong-based Cosco Shipping Ports will defend …
Peru port conflict escalates as Chinese firm insists on original terms Read More »
BEIJING (Reuters) – U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening demand for Tesla EVs and an intensifying price war, especially against Chinese …
Tesla’s China-made EV sales fall 18% in April; shares slip Read More »
By Mike Scarcella (Reuters) -TikTok’s new lawsuit to block a U.S. law forcing the social media company’s Chinese parent to divest it or be banned could spark a landmark clash over free speech, government power and the balance between open commerce and national security, experts told Reuters. ByteDance has until Jan. 19 to sell TikTok’s …
TikTok lawsuit tees up novel court fight over US ban Read More »
(This May 2 story corrects U.S. official’s quote to say annual cap is 500,000 barrels, not 500, in paragraph 3 and to say Ukraine, not North Korea, in paragraph 8) By Steve Holland WASHINGTON (Reuters) – Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of …
Russia is shipping oil to North Korea above UN mandated levels – US official Read More »
By Xinghui Kok SINGAPORE (Reuters) -The United States sees Iran’s capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior U.S. Treasury official said on Tuesday. The U.S. Treasury is increasing its focus on financing for militant groups routed through …
Iran’s capacity to move oil reliant on Malaysian providers, US official says Read More »
By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo said on Tuesday it plans to make an announcement about the successor to its long-lasting Switch console during the financial year ending March 2025. Nintendo has extended the lifecycle of the Switch device with hit titles such as “The Legend of Zelda: Tears of the Kingdom”, with the …
Nintendo to make announcement on Switch successor by March-end Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) – JFE Holdings plans to ramp up overseas investments as part of a long-term drive to double profits, Japan’s No. 2 steelmaker said on Tuesday, as it posted a 21.4% rise in annual net profit but also flagged a smaller increase for this year. JFE President Yoshihisa …
Japanese steelmaker JFE eyes overseas investments amid slower profit growth Read More »
