SHANGHAI (Reuters) – China’s inbound and outbound trips surged during the eight-day Golden Week holiday this year, official data showed on Saturday, recovering to 85% of their pre-pandemic level but lower than an earlier government estimate. The average number of inbound and outbound passenger trips a day reached 1.477 million during the longer-than-normal break, as …
(Reuters) -Shanghai-based Haitong Securities is offering up to HK$3.5 billion ($443 million) for all the shares it does not own in its Hong Kong-listed unit, Haitong International Securities, to take it private. Haitong Securities currently owns 73.4% of the investment banking arm. It will offer HK$1.52 per share for 2.28 billion outstanding shares, a 114% …
Haitong Securities offers $443 million to take its Hong Kong unit private Read More »
By Stephen Nellis (Reuters) – Two senior Republican lawmakers in the U.S. House of Representatives on Friday pressed the Biden administration for tougher enforcement of export controls on sending advanced computing chips and the tools to make them to China. In a letter to National Security Adviser Jake Sullivan, Representatives Michael McCaul and Mike Gallagher, …
US lawmakers press White House for tougher enforcement of China chip rules Read More »
By Joyce Lee SEOUL (Reuters) -South Korea’s telecommunications regulator said on Friday that Alphabet Inc’s Google and Apple have abused their dominant app market position and warned of possible fines totalling up to $50.5 million. The Korea Communications Commission (KCC) said in a statement that the two tech giants forced app developers into specific payment …
South Korea warns Google, Apple of possible fines over apps marketing Read More »
(Reuters) -Several U.S. regulators have requested Kazakhstan-based Freedom Holding for information, a company spokesperson told Reuters on Friday, adding that none of the authorities have filed any charges against the fintech firm. Earlier in the day, CNBC first reported that Freedom was being investigated by the U.S. Department of Justice and Securities and Exchange Commission …
Several US regulators seek information from Kazakh fintech Freedom Read More »
BERLIN (Reuters) – Puma Chief Executive Arne Freundt said that the sportswear company expects to return to double-digit growth in China this year, according to an interview released by the Euro am Sonntag news outlet on Friday. “In China, we see a gradual improvement in the market environment and expect to return to double-digit growth …
Puma CEO expects double-digit growth in China this year -report Read More »
By Karen Lema and Mikhail Flores MANILA (Reuters) -An anonymous bomb threat that prompted the Philippines to put all its commercial airports on heightened security alert is “most likely a hoax”, the aviation police chief said on Friday. Authorities ordered 42 airports across the country to step up security after receiving an anonymous email threat …
Bomb threat to Philippine airports ‘likely a hoax’ – police Read More »
By Junko Fujita TOKYO (Reuters) – The Tokyo Stock Exchange (TSE) will remove more than 400 firms from its main Topix index in 2025 as it pursues reform aimed at attracting more investors. High-end restaurant and hotel operator Hiramatsu and salad dressing maker Pietro are among 439 companies that will be removed in January 2025, …
Tokyo bourse to remove over 400 firms from Topix index Read More »
JAKARTA (Reuters) -Indonesia plans to tighten customs monitoring for some imported goods, including cosmetics, shoes, clothes, toys and electronics, the president’s office said on Friday, the country’s latest measure to curb imports. The planned regulation follows complaints from business associations of an influx of imported goods that they say has disrupted local markets, the office …
Indonesia to tighten customs checks on some consumer goods after influx of imports Read More »
TOKYO (Reuters) – Pan Pacific Copper (PPC) plans to consign production of 291,900 metric tons of refined copper to its parent firms’ smelters in the second half of the 2023/24 financial year, up 0.3% from a year earlier, Japan’s biggest supplier of the metal said on Friday. The country’s second half falls between October and …
Japan’s Pan Pacific sees 0.3% rise in H2 consigned copper output y/y Read More »
