BEIJING (Reuters) -China’s iron ore imports in the first two months of 2024 climbed 8.1% from the previous year as steelmakers restocked to meet production needs during and after the week-long Lunar New Year holiday. The world’s largest iron ore consumer brought in 209.45 million metric tons of the key steelmaking ingredient – a record …
China Jan-Feb iron ore imports jump on restocking ahead of Lunar New Year Read More »
BEIJING (Reuters) – China should set up a fund using presale proceeds from residential projects to help property developers with liquidity and ensure they finish construction projects, state media reported Thursday, citing former central bank governor Yi Gang. In China, developers are allowed to sell residential projects before completion but are required to put those …
SEOUL (Reuters) – South Korea’s finance minister on Thursday asked local banks to actively support the ongoing reform around the foreign exchange market, saying the reform is also crucial for the government’s “corporate value-up programme” introduced to boost the value of Seoul-listed companies. Minister Choi Sang-mok made the comment in a rare meeting with the …
By Lisa Barrington and Joyce Lee SEOUL (Reuters) – European routes awarded to South Korea’s second-largest low-cost carrier T’way Air from the merger of Korean Air-Asiana are a golden opportunity to differentiate T’way as a long-haul carrier in Korea’s crowded budget space, senior executives told Reuters. EU competition authorities last month said South Korea’s biggest …
South Korea’s T’way Air sees ‘golden opportunity’ from new EU routes Read More »
(Reuters) -Elon Musk said on Wednesday that his social media platform X is considering getting rid of showing the number of likes and reposts on each post. While speaking at the Morgan Stanley technology, media and telecom conference, Musk also said X is a few months away from receiving approval for a money transmitter license …
Musk says X is considering removing likes, reposts from content Read More »
(Reuters) -A former Google software engineer has been indicted in California on charges of stealing trade secrets related to artificial intelligence from the Alphabet unit, in order to benefit Chinese companies. Linwei Ding, also known as Leon Ding, was charged on Tuesday by a federal jury in San Francisco with four counts of theft of …
Former Google engineer indicted for stealing AI secrets to aid Chinese companies Read More »
(Reuters) -The U.S. government is urging the Netherlands, Germany, South Korea and Japan to further tighten curbs on China’s access to semiconductor technology, Bloomberg News reported on Wednesday. The U.S. wants Japanese companies to limit exports to China of specialized chemicals required for chipmaking including photoresist, the report said citing people familiar with the matter. …
US urges allies to tighten China’s access to chip technology, Bloomberg reports Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Momentum is building for the Bank of Japan to consider ending negative interest rates as soon as this month with upcoming annual wage negotiations likely to yield bumper pay hikes for the second year in a row. Despite recent weak signs in the economy, BOJ policymakers have …
Japan sees growing momentum towards March end to negative rates Read More »
By David Shepardson WASHINGTON (Reuters) -A U.S. House Republican leading a legislative push to force China’s ByteDance to divest TikTok in the United States or face a ban says American investors should urge China to allow a sale. Representative Mike Gallagher, who chairs a House panel on China, introduced legislation on Tuesday with Representative Raja …
House lawmaker says US ByteDance investors should urge China to allow TikTok sale Read More »
By Kane Wu HONG KONG (Reuters) – Private equity firm Carlyle Group has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at $800 million, three sources with knowledge of the matter said. Non-binding bids for the company are expected by mid-March, said the sources, who …
