(Reuters) -Electric vehicle maker Seres Group is aiming to raise as much as HK$13.18 billion ($1.7 billion) in a Hong Kong listing, per a filing released on Monday, offering 100.2 million H-shares at a maximum offer price of HK$131.50. The listing marks Hong Kong’s resurgence as the leading offshore fundraising hub for Chinese firms, following …
China’s Seres Group looks to raise up to $1.7 billion in HK listing Read More »
By Xinghui Kok KUALA LUMPUR (Reuters) -Top Chinese and U.S. economic officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese President Xi Jinping to decide on later this week that would pause steeper American tariffs and Chinese rare earths export controls, U.S. officials said. U.S. Treasury …
US, China talks sketch out rare earths, tariff pause for Trump and Xi to consider Read More »
SEOUL (Reuters) -South Korea’s HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S. navy auxiliary ships, the South Korean shipbuilder said on Sunday. In a bid to advance cooperation in shipbuilding between the two countries, HD Hyundai and Huntington Ingalls signed a memorandum of agreement in Gyeongju, South …
HD Hyundai Heavy, Huntington Ingalls to jointly build U.S. navy auxiliary ships Read More »
FRANKFURT (Reuters) -Volkswagen Group , which owns Audi and Porsche, has secured a sufficient supply of chips for now, its CEO told a German weekly, as a Chinese export ban on finished products by semiconductor maker Nexperia has European carmakers scrambling for supplies. “The current chip crisis shows how fragile our world is. Unlike the …
Volkswagen is ok on chip supply for now, CEO tells Bild am Sonntag Read More »
By Khanh Vu and Mikhail Flores HANOI/KUALA LUMPUR (Reuters) – The United States and Vietnam will finalise a trade agreement in the coming weeks that will maintain 20% tariffs on most Vietnamese goods but lift duties on certain products that will be decided at a later stage, the White House said on Sunday. In return …
US, Vietnam agree to boost trade, tariffs on some Vietnamese goods may be removed Read More »
(Reuters) -U.S. Treasury Secretary Scott Bessent said on Sunday he has reached a “very substantial framework” with Chinese Vice Premier He Lifeng that will avoid 100% U.S. tariffs on Chinese goods and achieve a deferral of China’s rare earths export controls. Bessent said during the taping of an interview with NBC’s “Meet the Press” program …
By Xinghui Kok KUALA LUMPUR (Reuters) -China’s top trade negotiator Li Chenggang and Chinese Vice Premier He Lifeng arrived on Sunday at a venue in Kuala Lumpur for a second day of trade talks between the United States and China. The Chinese economic officials are meeting with U.S. Treasury Secretary Scott Bessent and U.S. Trade …
China trade negotiator, vice premier arrive for second day of US-China trade talks Read More »
(Reuters) -SoftBank has approved a second installment of $22.5 billion to complete its $30 billion investment in OpenAI, tech news website the Information reported on Saturday. The Japanese investment group’s board has approved the installment as long as the artificial intelligence startup completes a corporate restructuring that would pave the way for an eventual public …
SoftBank approves remaining $22.5 billion of OpenAI investment, the Information reports Read More »
BISHKEK (Reuters) -Kyrgyzstan has launched a national stablecoin and a central bank digital currency in partnership with cryptocurrency exchange Binance, President Sadyr Japarov said on Saturday. A mountainous former Soviet republic of around 7 million people traditionally dependent on labour migrants in Russia, Kyrgyzstan has in recent years positioned itself as a cryptocurrency leader in …
Kyrgyzstan launches national stablecoin in partnership with Binance Read More »
BRUSSELS (Reuters) -The European Union is developing a new plan to curb its reliance on Chinese critical raw materials, European Commission President Ursula von der Leyen said on Saturday, as she criticised Beijing for its expanded restrictions on the export of rare earths. The European Union has for years attempted to reduce its dependence on …
EU steps up efforts to cut reliance on Chinese rare earths Read More »
