SEOUL (Reuters) – South Korea’s SK Hynix Inc, the world’s second-largest memory chip maker, said on Wednesday it has not approached Japan’s SoftBank Group for a partnership concerning a possible deal with memory chipmaker Kioxia Holdings Corp. A Nikkei report earlier on Wednesday said SK Hynix is reluctant to back a merger between U.S. rival …
SK Hynix denies report about approaching SoftBank on Kioxia merger Read More »
By Clare Jim HONG KONG (Reuters) – Born into a peasant family in rural China, Yeung Kwok Keung’s rags-to-riches tale inspired millions across the country until his Country Garden empire spiralled into crisis this year. On his home turf, Yeung and his company had many nicknames, among them “The most grassroots tycoon” and the “Universe’s …
Country Garden founder Yeung, the tycoon who called himself ‘dumb’ Read More »
TOKYO (Reuters) – Japanese trading house Mitsui & Co is considering buying a stake in the North Field liquefied natural gas (LNG) expansion project in Qatar as a way to ensure a stable supply of LNG, a Mitsui spokesperson said. “We have always said that we would consider investing in any quality LNG projects, and …
Mitsui looks at buying stake in Qatar’s LNG expansion project Read More »
ISLAMABAD (Reuters) – Pakistan’s caretaker Prime Minister Anwar ul Haq Kakar said on Wednesday that his country has completed more than 50 projects worth $25 billion under the China-Pakistan Economic Corridor (CPEC). Kakar was speaking at the Belt and Road Forum in Beijing. The CPEC is a flagship project under China’s Belt and Road Initiative, …
Pakistan completes projects worth $25 billion under CPEC Read More »
(Reuters) – Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge $1 annual fee for basic features. The new subscription termed as “Not A Bot” will charge users for likes, reposts or quoting other accounts’ posts, and bookmarking posts on the …
X social media to test $1 annual subscription for basic features Read More »
By Rae Wee and Summer Zhen SINGAPORE (Reuters) – September data from China offered plenty of welcome surprises, with faster-than-expected growth, falling unemployment and a glimmer of momentum in consumption, but investors are not rushing to buy into the story. China’s blue-chip stocks, down nearly 7% this year, compared to a gain of almost 10% …
Analysis-China’s growth surprise is not tempting investors Read More »
(Reuters) – JP Morgan and Nomura on Wednesday lifted their forecast for China’s economic growth for the year, after the economy grew at a faster-than-expected pace in the third quarter from a year earlier. JP Morgan now expects China’s gross domestic product (GDP) to grow 5.2% in 2023, up from their previous forecast and Beijing’s …
JP Morgan, Nomura raise China’s 2023 economic growth forecast Read More »
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s economy grew at a faster-than-expected clip in the third quarter, while consumption and industrial activity in September also surprised on the upside, suggesting the recent flurry of policy measures is helping to bolster a tentative recovery. Rapidly weakening growth in the world’s second-biggest economy since the …
China’s Q3 GDP growth, Sept activity show economic recovery gaining traction Read More »
SHANGHAI (Reuters) – Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China’s EVs face potential tariffs in the region. Nio, an aspiring rival to Tesla with premium models, launched in Norway in 2021 and entered Germany, …
Exclusive-China’s Nio considers tapping dealers to boost EV sales in Europe – sources Read More »
By Rocky Swift TOKYO (Reuters) -Japan welcomed more than 2 million international visitors for a fourth consecutive month in September, official data showed on Wednesday, marking a near full recovery to pre-pandemic levels even though the Chinese market has been slow to rebound. The number of foreign visitors for business and leisure was 2.18 million …
Japan international visitors reach 96% of pre-COVID level in Sept Read More »
