PARIS (Reuters) – French company TotalEnergies announced on Thursday a deal to supply Singapore’s Sembcorp Industries with up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for 16 years, from 2027 onwards. (Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong)
By Summer Zhen HONG KONG (Reuters) – Hong Kong’s largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, as local investors chased the rally in the world’s best-known cryptocurrency. Hong Kong has been a relative latecomer to crypto trading, approving its first …
Hong Kong’s largest bitcoin ETF assets up five-fold since October Read More »
By Daina Beth Solomon MEXICO CITY (Reuters) -Chinese electric carmaker BYD is looking for a location in Mexico to set up a factory aimed at boosting the company’s share in the local market, Stella Li, BYD Americas CEO told Reuters on Wednesday. The company expects to choose a location for the plant, which is set …
Chinese carmaker BYD looking for Mexico plant location, executive says Read More »
By David Shepardson WASHINGTON (Reuters) -Republican U.S. Senator Josh Hawley introduced legislation Wednesday to hike tariffs on Chinese vehicle imports as concerns mounted about the potential competitive impact on U.S. car companies. Hawley said President Joe Biden should take steps to protect U.S. auto workers “from the existential threat posed by China.” A bipartisan group …
Republican US senator wants to hike tariffs on Chinese vehicles Read More »
By Alexandra Alper and Kanishka Singh WASHINGTON (Reuters) – President Joe Biden’s administration on Wednesday unveiled an executive order barring genomic data transfers to China, as it seeks to protect American personal data over national security concerns. The order, first reported by Reuters, will also curb bulk transfers of Americans’ geolocation, biometric, health and financial …
Biden cracks down on US data flows to China, Russia Read More »
(Reuters) -A federal investigation into semiconductor equipment supplier Applied Materials involving China shipments has widened to other U.S. agencies, including the Securities and Exchange Commission, according to a company filing on Tuesday. The filing said the company had received an SEC subpoena and another subpoena related to China shipments from the U.S. Attorney’s Office for …
Applied Materials receives new subpoenas on China shipments Read More »
BEIJING (Reuters) -China’s securities regulator said on Wednesday it will tighten scrutiny of derivative businesses in the stock market, and announced punishment of a hedge fund company for excessive, high-frequency trading in share index futures. The announcements represent the latest of a series of measures by the watchdog to revive investor confidence in a stock …
China securities regulator to tighten scrutiny of derivatives, high-frequency trading Read More »
SEOUL (Reuters) -Meta Platforms CEO Mark Zuckerberg on Wednesday met LG Electronics executives to discuss a stronger partnership in extended reality (XR) devices as well as potential cooperation in artificial intelligence (AI), LG said. Zuckerberg arrived in South Korea late on Tuesday and is widely expected to hold talks on AI and meet with President …
Meta’s Zuckerberg discusses mixed reality devices, AI with LG leaders in South Korea Read More »
(Reuters) – China’s Baidu fell short of analysts’ estimates for fourth-quarter revenue on Wednesday, as advertisers kept a tight leash on their spending budgets amid an uneven economic recovery in the Asian powerhouse. Revenue was 34.95 billion yuan ($4.92 billion) for the three months ended December, compared with analysts’ average estimate of 34.97 billion yuan, …
China’s Baidu quarterly revenue misses estimates Read More »
By Clare Jim and James Pomfret HONG KONG (Reuters) -Hong Kong announced major measures on Wednesday to bolster its flagging real estate market by scrapping all tightening measures for residential properties, aimed at helping the city’s economy which is expected to grow at a tepid 2.5%-3.5% this year. The financial hub will cancel all additional …
Hong Kong scraps property tightening measures to boost economic recovery Read More »
