(Reuters) -Hong Kong-based insurer AIA Group said on Friday its value of new business (VONB) reached a record in the third quarter, boosted by growth in its flagship Hong Kong unit. AIA’s VONB, which gauges expected profit from new premiums and is a key barometer for growth, rose 25% to $1.48 billion, on a constant …
AIA Group’s quarterly new business value hits record high on HK unit strength Read More »
By Doina Chiacu, Maiya Keidan and Alexandra Alper (Reuters) -Washington’s decision to delay a rule on export restrictions for Chinese companies, announced by China after Thursday’s summit meeting with U.S. President Donald Trump, could end up making the measure ineffective, former U.S. officials said. The one-year suspension of the so-called affiliates rule, which had sought …
US delay on China export restriction could defang it, former US officials say Read More »
By David Lawder, Maiya Keidan and Karl Plume CHICAGO (Reuters) -U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of …
China to buy 12 million metric tons of US soybeans this season, Bessent says Read More »
(Reuters) -Talks between Afghanistan and Pakistani officials concluded in Istanbul after several days of mediation led by Ankara and Doha, with both sides agreeing to continue discussions , Afghanistan government spokesperson Zabihullah Mujahid said on Friday. (Reporting by Ariba Shahid; Editing by Leslie Adler)
By Lisa Baertlein and David Lawder LOS ANGELES/WASHINGTON (Reuters) -The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other’s ships that became a major irritant in the broader trade war between the world’s two largest economies and pushed up ocean freight costs. The move provides a 12-month reprieve on an estimated …
Trump, Xi agree to pause dueling port fees that disrupted trade Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China leaders’ summit. In my column today, I consider one overlooked …
By Daniel Leussink, Aditi Shah and Maki Shiraki TOKYO (Reuters) -Japanese automakers are considering importing some of their U.S.-built cars to Japan – a costly and impractical move that comes as Tokyo tries to placate President Donald Trump over its vast trade surplus with the United States. Uneven trade with Japan has long been a …
By Amy-Jo Crowley, Clare Jim and Elvira Pollina (Reuters) -Hong Kong conglomerate CK Hutchison has been studying a potential tie-up of its Italian telecom unit Wind Tre and the Italian operations of French telecoms group Iliad, three sources familiar with the matter told Reuters. In the latest attempt to consolidate Italy’s telecoms market, the two …
By Doina Chiacu and Alexandra Alper (Reuters) -The U.S. will suspend for one year a new measure that vastly expanded the number of Chinese firms facing tough restrictions on access to U.S. technology, U.S. Treasury Secretary Scott Bessent said on Thursday. The move, agreed as part of President Donald Trump and Chinese leader Xi Jinping’s …
By Karen Freifeld (Reuters) -A leading Republican voice in Congress on China policy said on Wednesday that selling Nvidia’s best AI chip to China “would be akin (to) giving Iran weapons grade uranium”, as experts argued it would shrink the American advantage in artificial intelligence. House Select Committee on China Chairman John Moolenaar said in …
Republican lawmaker says don’t give China Nvidia’s Blackwell chip Read More »
