Reuters Asia Business

ALMATY (Reuters) -Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, the country’s energy ministry said in a statement on Sunday. The ministry said that according to “secondary sources”, Kazakhstan produced 131,000 barrels per day above its quota in March due to weather conditions and heating requirements. It said …

Kazakhstan to compensate for exceeding OPEC+ quota in March Read More »

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund. The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to …

Pakistan repays $1 billion in Eurobonds, says central bank Read More »

WASHINGTON (Reuters) -Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a laptop this week powered by an Intel AI chip. The United States placed Huawei on a trade restriction list in 2019 for violating Iran sanctions, part of a broader effort to hobble Beijing’s technological advances. …

US lawmakers angry after Huawei unveils laptop with new Intel AI chip Read More »

(Reuters) – U.S. Steel shareholders voted in favor of the proposed $14.9 billion acquisition by Japan’s Nippon Steel, moving the merger closer to completion while the deal faces regulatory scrutiny and political opposition. Nippon’s proposal to buy U.S. Steel has been opposed by several U.S. lawmakers on national security grounds, with President Joe Biden expected …

U.S. Steel shareholders give greenlight to Nippon Steel’s $14.9 billion takeover bid Read More »

DUESSELDORF (Reuters) -Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Central said in a statement on Friday that it was optimistic about talks to acquire the entire KaDeWe Group, which includes Alsterhaus in …

Thailand’s Central buys German luxury retail property KaDeWe Read More »

SHANGHAI (Reuters) -China’s securities regulator issued draft rules on Friday to strengthen the supervision of company listings, delistings and computer-driven programme trading, in a move to improve the stock market and protect investors’ interests. The China Securities Regulatory Commission (CSRC) will raise the bar for initial public offerings (IPOs), force unqualified companies to delist, and …

China drafts rules on tighter stock trading, listing regulations Read More »

(Reuters) -Chinese officials had earlier this year directed the nation’s largest telecom carriers to phase out foreign processors that are core to their networks by 2027, a move which would hit American chip giants Intel and Advanced Micro Devices, the Wall Street Journal reported on Friday. Shares of Intel and AMD were down more than …

China tells telecom carriers to phase out foreign chips in blow to Intel, AMD – WSJ Read More »