By Scott Murdoch SYDNEY (Reuters) – Chinese artificial intelligence startup Beijing Fourth Paradigm is set to price its shares at HK$55.6 each, the low end of the price range, to raise HK$1.023 billion ($131 million), a source with direct knowledge of the matter said. The source spoke on condition of anonymity as the information is …
Beijing Fourth Paradigm to price Hong Kong IPO at low end of range -source Read More »
By Andrew Hayley TIANJIN, China (Reuters) -China’s natural gas demand this year is expected to grow by 8% from 2022, an analyst from state-owned oil major CNOOC’s research division said, a pace higher than analysts’ forecasts on the back of cooling gas prices and China’s economic recovery. Xie Xuguang, from CNOOC Gas and Power Group’s …
China gas demand seen up 8% on economic recovery, easing fuel cost – CNOOC research Read More »
BEIJING (Reuters) -Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing set new conditions on exports from Aug. 1. The ministry has approved applications from some companies that meet relevant requirements, spokesman He Yadong told a regular press briefing, with more still being reviewed. …
China approves export licences for chip materials gallium, germanium Read More »
By Roushni Nair (Reuters) – Investors increased bearish bets on most emerging Asian currencies due to rising prospects of higher-for-longer U.S. interest rates and concerns around China’s slowing economic recovery, a Reuters poll showed on Thursday. Short positions on the Indian rupee firmed to their highest since November 2022, while those on the Indonesian rupiah, …
Bearish bets on Asian FX firm on Fed rate-hike, China worries – Reuters poll Read More »
By Stephen Nellis (Reuters) – Enovix, a Silicon Valley firm developing new battery technology for consumer electronics such as mobile phones, said on Wednesday it has acquired Korean battery maker RouteJade in a cash-and-stock deal. Enovix said it paid $16.5 million in cash and 6.2 million shares of common stock for RouteJade, which had previously …
Enovix buys Korean battery maker RouteJade in cash and stock deal Read More »
By Caroline Valetkevitch and Lewis Krauskopf NEW YORK (Reuters) – Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer’s stellar market debut last week, with short seller interest picking up. The stock hit a low of $52.24, roughly 2% above the $51 initial public offering price in this …
Arm Holdings shares extend declines, down fourth session in a row Read More »
By Makiko Yamazaki TOKYO (Reuters) -A $14 billion tender offer to take Toshiba private is set to succeed, private equity firm Japan Industrial Partners (JIP) said on Wednesday, clearing the way for Japan’s biggest deal this year. JIP’s tender offer, which closed on Wednesday, ends Toshiba’s 74-year history as a listed firm and puts the …
JIP says $14 billion tender offer for Toshiba set to succeed Read More »
By David Lawder NEW YORK (Reuters) – Vietnamese Prime Minister Pham Minh Chinh on Wednesday asked U.S. Treasury Secretary Janet Yellen to support granting the communist country “market economy” status and help ease other trade irritants as the Biden administration courts the Southeast Asian export powerhouse as a strategic and counterweight to China. Chinh raised …
Vietnamese PM raises tariff irritants with Yellen as economic ties deepen Read More »
PARIS (Reuters) – France on Wednesday published new eligibility rules for electric car incentives to exclude EVs made in China, even though carmakers in Europe do not have more affordable rival models on the French market. WHY IS FRANCE REVISING ITS EV BONUS ELIGIBILITY RULES? The French government currently offers buyers a cash incentive of …
Explainer-How France aims to discourage buying of Chinese EVs Read More »
By Sarah Wu TAIPEI (Reuters) – Tesla supplier Hota Industrial Mfg. Co will invest $99 million to build its first plant outside of Asia in the U.S. state of New Mexico, the Taiwanese company said on Wednesday, citing greater emphasis on regional production in supply chains. Hota, which makes gears and other auto components primarily …
Tesla supplier Hota to build first US factory in New Mexico Read More »
