By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. stocks fell on Wednesday, as a Reuters report that the U.S. is considering curbs on a wide range of exports to China ratcheted up U.S.-Sino trade war fears and added to the gloom surrounding Netflix’s earnings miss. More on that below. In my column today, I look at …
BERLIN (Reuters) -The EU’s top economic official said the European Commission was considering countermeasures in response to Chinese curbs on rare earth exports, according to an interview with Handelsblatt published on Wednesday. “We are examining possible countermeasures if conditions do not improve. We have not yet named any specific instruments, but the discussion is ongoing,” …
EU’s Dombrovskis says countermeasures possible in response to China rare earth curbs Read More »
By Svea Herbst-Bayliss and Heejin Kim NEW YORK/SEOUL (Reuters) -Palliser Capital believes LG Chem is severely undervalued and could double its stock price by refreshing its board and buying back shares – an opinion that sent the company’s shares surging 12%. The South Korean company trades at a 74% discount to its net asset value …
LG Chem shares soar after Palliser urges new board directors, stock buybacks Read More »
By Hannah Lang (Reuters) -Apollo Global Management, Oppenheimer, Jane Street and HSG, formerly known as Sequoia Capital China, invested in crypto exchange Kraken’s recent funding round that valued the company at $15 billion, said two sources familiar with the matter. Fortune reported last month that Kraken closed the $500 million round, but Reuters is naming …
HSG, Jane Street among investors in Kraken’s September fundraising, sources say Read More »
By Mimosa Spencer, Tassilo Hummel and Dominique Patton PARIS (Reuters) -Europe’s luxury companies from LVMH to Hermes and L’Oreal are tentatively pointing to signs of a revival in China, but are also cautious about calling the turn on one of their biggest markets after a two-year slump. The $400 billion luxury sector has been hit …
European luxury groups hedge bets on predicting China comeback Read More »
By Julia Payne BRUSSELS (Reuters) -The European Union’s 19th package of sanctions against Russia will list four companies involved in China’s oil industry that circumvent Western restrictions, EU diplomatic sources said on Wednesday. They said the package lists two independent Chinese oil refineries, a Chinese trading firm and an entity involved in circumvention. The latter …
EU to list two Chinese oil refineries, one trader in new Russia sanctions Read More »
(Reuters) -Japan’s Takeda Pharmaceutical Co has signed a deal with Innovent Biologics to accelerate development of the Chinese drugmaker’s oncology medicines, it said on Wednesday. Takeda will help to develop Innovent’s non-small cell lung and colorectal cancer medicine candidate IBI363, and gastric and pancreatic cancer candidate IBI343. It also has an option to help develop …
China’s Innovent signs cancer therapy deal with Japan’s Takeda Read More »
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Birkin bag maker Hermes pointed to glimmers of improved demand in China as it reported quarterly sales slightly below expectations, dragging its shares down by 4% on Wednesday. The tentatively optimistic comments on Chinese demand, which accounts for roughly a third of global luxury sales, follow similar …
Hermes ‘very slight’ China improvement in third quarter fails to excite Read More »
HANOI (Reuters) -Vietnam’s VinFast said on Wednesday it delivered more than 120,000 electric two-wheelers in the third quarter, a 73% quarterly increase, after Hanoi announced plans to ban petrol-powered motorbikes from its city centre starting in mid-2026. Third-quarter deliveries surpassed the company’s total sales in the first half of the year, according to company data. …
VinFast third-quarter e-bike sales jump following Hanoi motorbike ban Read More »
By Kitiphong Thaichareon and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s deputy finance minister said on Wednesday that he will resign following allegations linking him to a transnational scam operation. Border areas between Thailand, Myanmar, Laos and Cambodia have become hubs for online fraud since the COVID-19 pandemic, and the United Nations says billions of dollars have …
Thai deputy finance minister resigns amid scam allegations Read More »
