By Ariba Shahid KARACHI (Reuters) -Pakistan said it has awarded 23 offshore exploration blocks to four consortiums led by local energy companies, some partnered with foreign firms including Turkey’s national oil company TPAO. In Pakistan’s first such bidding round in nearly two decades, its energy ministry said on Friday that bids were awarded for 23 …
Pakistan awards first offshore oil exploration blocks for decades Read More »
By Jihoon Lee, Eduardo Baptista and Ju-min Park GYEONGJU, South Korea (Reuters) -South Korea played host but all eyes were on China’s Xi Jinping at an annual gathering of Pacific Rim leaders on Friday, where he met his Canadian, Japanese and Thai counterparts after securing a fragile trade truce with U.S. President Donald Trump. That …
China’s Xi holds court at APEC summit after Trump trade truce Read More »
(Reuters) -Global equity funds attracted massive investments in the week to October 29 ahead of an anticipated interest rate cut by the U.S. Federal Reserve and a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping. Investors accumulated a net $10.58 billion worth of global equity funds, extending their recent run of …
Investors piled into equity funds ahead of Fed rate cut, US-China trade deal Read More »
By David Kirton GUANGZHOU, China (Reuters) -For William Ying, whose company has been making colourful wooden toys in China’s Zhejiang province for 20 years, a thawing of trade tensions between Washington and Beijing is a welcome sign and one he hopes will get orders rolling again. Ying, vice president of Shiwanxin Technology which makes toys …
For Chinese toymakers, trade thaw brings stability but doubts linger Read More »
By Stephen Nellis WASHINGTON (Reuters) -A U.S. Republican senator is asking U.S. President Donald Trump’s administration to help the Malaysian government prevent U.S. artificial intelligence chips from being smuggled through the country to China, according to a letter seen by Reuters. Reuters has previously reported that U.S. officials believe Malaysia is among a handful of countries …
US lawmaker asks Trump administration to help Malaysia crack down on chip smuggling Read More »
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics said on Friday it is in “close discussion” to supply its next-generation high-bandwidth memory (HBM) chips, or HBM4, to Nvidia, as the South Korean chipmaker scrambles to catch up with rivals in the AI chip race. Samsung, which plans to market the new chip next …
Samsung Electronics in talks with Nvidia to supply next-generation HBM4 chips Read More »
SINGAPORE (Reuters) -State-owned China National Aviation Fuel Group, the country’s dominant jet fuel distributor, will undergo a restructuring with another conglomerate, its Singapore-listed subsidiary said in a filing. China Aviation Oil (Singapore), CNAF’s Singapore-based unit in charge of importing jet fuel to China, said in a statement late on Thursday that parent company CNAF “will …
China aviation fuel giant set for restructuring, unit says Read More »
By Nick Carey LONDON (Reuters) -Nissan and UK software firm Monolith said on Friday they have extended their partnership using artificial intelligence to reduce vehicle physical testing as the Japanese automaker pushes to slash development times for new cars. The extension comes after Monolith and Nissan successfully used AI to cut the physical testing time …
Nissan, Monolith expand joint AI efforts to cut car development time Read More »
By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s top chip design company, MediaTek, expects to earn revenue of billions of dollars from its AI accelerator ASIC chips by 2027, the chief executive said on Friday, as the company pushes further into the data centre business. Chief Executive Rick Tsai told a quarterly earnings conference …
Taiwan’s MediaTek targets billions in AI accelerator chip revenue by 2027 Read More »
By Eduardo Baptista and Ju-min Park GYEONGJU, South Korea (Reuters) -Nvidia CEO Jensen Huang said on Friday he hoped the company’s state-of-the-art Blackwell chips can be sold in China, although the decision needed to be made by U.S. President Donald Trump. Speaking during his first official visit to South Korea in more than a decade, …
Nvidia CEO hopes Blackwell chips can be sold in China but says decision up to Trump Read More »
