By Nivedita Balu (Reuters) – Nvidia Corp’s dreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse. On Thursday, the U.S. Federal Trade Commission sued to block the deal, which …
Nvidia metaverse future bright even as Arm may slip from grasp Read More »
TAIPEI (Reuters) – Taiwan’s trade surplus with the United States is due to the China-U.S. trade war and pandemic driving tech demand, a central bank official said on Friday, after the U.S. Treasury said the island continued to exceed its currency manipulation thresholds. The Treasury, in its semi-annual currency report, said no major U.S. trading …
Taiwan blames China-U.S. trade war, pandemic for U.S. trade imbalance Read More »
By Helena Soderpalm STOCKHOLM (Reuters) -Shares in Sweden’s Orphan Biovitrum (Sobi) plunged 23% on Friday after U.S. private equity firm Advent International and Singapore’s sovereign wealth fund said they were withdrawing their bid for the drugmaker. The company in September agreed to an $8 billion takeover by Advent and Aurora, an investment vehicle of Singapore’s …
Shares in drugmaker Sobi tumble as Advent, Aurora withdraw $8 billion bid Read More »
NEW YORK (Reuters) – Portfolio flows to emerging markets slowed by $100 billion last month from a year earlier and decelerated from October, hit by increased bets on tighter U.S. monetary policy and by weaker EM currencies, the Institute of International Finance (IIF) said. Non-resident flows to emerging markets landed at $15.6 billion last month, …
EM flows tumble in November from year-ago record – IIF Read More »
HONG KONG (Reuters) – Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-hailing firm Grab. SoftBank, either in its own right or through its Vision Fund, has made a string of massive …
Softbank Group shares slide 3% after Didi, Arm, Grab triple setback Read More »
By Kevin Yao BEIJING (Reuters) -China will cut banks’ reserve requirement ratios (RRR) “in a timely way”, state media on Friday quoted Premier Li Keqiang as saying, as the world’s second largest economy faces strengthening headwinds. China will “cut reserve requirement ratios in a timely way to step up support for the real economy, especially …
China will cut reserve ratios in timely way, says premier Read More »
(Reuters) – More than 400 telecommunication towers in military-ruled Myanmar have been destroyed by opponents of a Feb. 1 coup, state media reported on Friday, attacks which cellphone operators said had severed connectivity for many customers. The Global New Light of Myanmar newspaper, the junta’s mouthpiece, said the destruction of the towers was intended to …
Hundreds of telecoms towers downed in Myanmar coup resistance Read More »
(Refiles to fix bylines) By Scott Murdoch and Sameer Manekar (Reuters) – Chinese property developer Kaisa Group Holdings Ltd has begun talks with some of its offshore bondholders over extending the deadline for a $400 million debt repayment due next week, two sources with direct knowledge of the matter said. Shares in the group slipped …
China’s Kaisa starts talks with bondholders as default threat looms Read More »
By Andrius Sytas VILNIUS (Reuters) -China has imposed a customs block on Lithuanian exports, a Lithuanian trade body said on Friday, amid a deepening spat between Beijing and Vilnius about the Baltic state’s decision to allow Taiwan to open a de facto embassy. China downgraded its diplomatic ties with the Baltic state and suspended consular …
Lithuania says Chinese customs is blocking its exports Read More »
By Norihiko Shirouzu BEIJING (Reuters) -Toyota Motor Corp will launch an all-electric small sedan in China late next year, having turned to local partner BYD for key technology to finally make an affordable yet roomy runaround, four sources told Reuters. Two of the four people with knowledge of the matter described the car as an …
Exclusive-Toyota turns to Chinese tech to reach its electric holy grail Read More »
