BEIJING (Reuters) – China’s exports to North Korea grew at a faster pace last month than in July, customs data showed on Wednesday, as bilateral trade resumed and Pyongyang gradually reopened from the COVID pandemic. Chinese outbound shipments to North Korea in August grew 4.1% to $162.9 million from the month prior, quickening from a …
China’s exports growth to North Korea quickens in August Read More »
FRANKFURT (Reuters) – Deutsche Telekom on Wednesday said the mooted timeline on Germany imposing curbs on the use of China’s Huawei in its network by 2026 were not realistic, highlighting Britain’s drawn-out attempts to do so. In a statement to Reuters, Deutsche Telekom questioned the need to take action that could result in a significant …
Deutsche Telekom: mooted timeline on German Huawei curbs unrealistic Read More »
FRANKFURT (Reuters) – Telefonica Deutschland on Wednesday said it would consider seeking damages from the German government as well as legal action if Berlin imposed restrictions on using China’s Huawei that meant retrospective changes to its network. In a statement to Reuters, Telefonica Deutschland said it was in regular contact with the German authorities and …
Telefonica may seek damages in event of Huawei curbs in Germany Read More »
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany’s interior ministry is planning to force telecoms operators to slash the use of equipment from Huawei and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers, a government official said. The ministry has designed a staggered approach to avoid …
German interior ministry wants to force 5G operators to slash Huawei use -official Read More »
TOKYO (Reuters) -Kioxia Holdings’s lenders are planning to refinance 2 trillion yen ($13.5 billion) in loans to support its potential merger with Western Digital’s flash memory business, Bloomberg News reported on Wednesday. Sumitomo Mitsui Financial Group, Mizuho Financial Group and Mitsubishi UFJ Financial Group intend to submit a commitment letter for the refinancing next month, …
Kioxia’s banks to refinance $13.5 billion loan for Western Digital merger -Bloomberg Read More »
JAKARTA (Reuters) – Indonesia on Wednesday offered three exploration oil and gas blocks in its third round of auctions this year amid efforts to replenish reserves, an energy ministry official said. The government offered Akimeugah I and Akimeugah II blocks, which each has an estimated gas resources of 15 billions of barrels of oil equivalent …
Indonesia offers three oil and gas exploration blocks in latest tender Read More »
By Kane Wu and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Hyundai Global Service, backed by private equity giant KKR, aims to raise up to $1 billion in a Seoul initial public offering (IPO) in the first half of 2024, said two people with direct knowledge of the matter. The marine services arm of South Korean shipbuilder …
South Korea’s Hyundai Global Service aims to raise $1 billion in IPO -sources Read More »
BANGKOK (Reuters) – Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting Oct. 1, up about 9% from the current year, according to market sources briefed by the finance ministry. The government plans to sell up to 272 billion baht ($7.53 billion) of government bonds in …
Thailand plans to borrow $66 billion for fiscal year 2024 – markets sources Read More »
BEIJING/SHANGHAI (Reuters) – A Huawei Technologies unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of U.S. export controls, two sources briefed on the unit’s efforts said. The shipments to surveillance camera manufacturers from the company’s HiSilicon chip design unit started …
By Sinéad Carew and Lewis Krauskopf (Reuters) -Shares of Arm Holdings closed down 4.9% on Tuesday, in their third daily decline out of the stock’s first four sessions as a listed company, as investor interest faded in the biggest initial public offering (IPO) for the year so far. With short sellers looking to profit from …
Arm shares post third daily loss with IPO buzz fizzling, short sellers hovering Read More »
