By Svea Herbst-Bayliss NEW YORK (Reuters) – Palliser Capital, which owns a 1.6% stake in Japanese rail operator Keisei Electric Railway, on Tuesday said the company is trading at a large discount and has room to release value. The company, which runs one of the main lines from Narita airport into the center of Tokyo, …
By Tom Polansek CHICAGO (Reuters) – Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about …
Arkansas orders Chinese-owned seed producer Syngenta to sell US farmland Read More »
By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) -The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a raft of measures released on Tuesday that seek to stop Beijing from receiving cutting-edge U.S. technologies to strengthen its military. The rules, …
Biden cuts China off from more Nvidia chips, expands curbs to other countries Read More »
By Stephen Nellis (Reuters) – The Biden administration on Tuesday issued a sweeping update to restrictions on exporting advanced artificial intelligence to China and other countries. The measures are designed to prevent China from acquiring the cutting-edge chips needed to develop AI technologies such as large language models, which power applications such as ChatGPT but …
Factbox-How the US will cut off China from more AI chips Read More »
By Daniel Leussink TOKYO (Reuters) -Toyota Motor, the world’s biggest automaker by sales, will extend until Wednesday a partial production halt at two domestic assembly plants due to an accident at a supplier’s facility, a company spokesperson said. The incident at supplier Chuo Spring, which makes engine and valve springs used in vehicles, also halted …
Toyota extends partial production halt at two Japan plants to Wednesday Read More »
BANGKOK (Reuters) – Thailand is assessing a massive land bridge project in the country’s south, Prime Minister Srettha Thavisin said on Tuesday, involving estimated investments worth 1 trillion baht ($27.44 billion) which would help boost growth and global trade. Bidding and construction would begin in 2025, and create 280,000 jobs in the southern provinces of …
Thailand assesses $27.4-billion land bridge project to drive growth Read More »
TOKYO (Reuters) – Japan’s largest labour organisation Rengo is planning to ask for a total pay hike of more than 5%, including a 3% increase in base salaries, at negotiations in spring next year, public broadcaster NHK reported on Tuesday, citing unnamed official. Japanese wages had remained stagnant for decades until last year, when rising …
Japan’s largest labour union to seek wage hike over 5% next year – NHK Read More »
HONG KONG/BEIJING (Reuters) – Chinese artificial intelligence (AI) startup Baichuan said on Tuesday it has raised $300 million from investors including Chinese tech giants Alibaba and Tencent. The company on its WeChat account said the round followed an early $50 million angel round. The investors include smartphone maker Xiaomi and other investment firms, it added. …
Chinese AI upstart Baichuan raises $300 million from Alibaba, Tencent, others Read More »
BEIJING (Reuters) – China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing’s efforts to reduce debt risks in a faltering economy. Debt-laden municipalities represent a major risk to the world’s second-largest economy and …
Exclusive-China tells banks to roll over local government debts – sources Read More »
By Devjyot Ghoshal and Orathai Sriring BANGKOK (Reuters) -Chinese investment in Thailand has picked up pace this year despite an economic slowdown in the Asian giant, a welcome boost for the country’s new prime minister who flew into Beijing this week to bolster ties with its largest trading partner. A stuttering recovery in the world’s …
Thailand still bullish on Chinese investments as new PM heads to Beijing Read More »
