Reuters Asia Business

SYDNEY (Reuters) -The United States and Australia extended financial support to several Australian companies as part of a wide-ranging critical minerals agreement aimed at countering China’s hold over the industry, sending the firms’ shares sharply higher on Tuesday. Under the deal signed by U.S. President Donald Trump and Australian Prime Minister Anthony Albanese, the countries …

US, Australia to invest $2 billion in critical minerals, advance Alcoa gallium project Read More »

(Reuters) -U.S. President Donald Trump and Australian Prime Minister Anthony Albanese agreed on Monday to ensure a steady supply of critical minerals and rare earths, as the United States moves to reduce its reliance on Chinese supply. The U.S. Export-Import Bank (EXIM) issued seven letters of interest (LOIs) on Monday for more than $2.2 billion …

Factbox-US bets on Australian miners to break China’s grip on critical minerals supply Read More »

(Reuters) -Apple shares surged to an all-time high on Monday, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone. Data from research firm Counterpoint showed the iPhone 17 series outperformed its predecessor in early sales in China and …

Apple nears $4 trillion valuation as shares surge on strong iPhone 17 demand Read More »

HONG KONG (Reuters) -Hong Kong’s seasonally adjusted unemployment rate increased to 3.9% in July to September, from 3.7% in the previous three-month period, with more distinct rises in the social work and construction sectors, the government said on Monday. “The employment situation in some sectors would continue to face challenges during economic restructuring. The increasing …

Hong Kong’s July-September unemployment rises to 3.9% Read More »

HONG KONG (Reuters) -Hong Kong’s Security Regulator (SFC) said on Monday that it had reprimanded Swiss bank UBS AG and fined it HK$8 million ($1.03 million) for misclassifying its clients’ professional investor status for more than 12 years. A total of 560 joint accounts booked or managed in Hong Kong by the bank were misclassified, …

Hong Kong regulator fines UBS $1 million over investor classification errors Read More »

(Refiles to fix typographical error in headline) By Georgina McCartney HOUSTON (Reuters) -Oil prices settled at their lowest since early May on Monday as investors weighed a potential global glut, with U.S.-China trade tensions adding to concerns about an economic slowdown and weaker energy demand. Brent crude futures settled down 28 cents, or 0.46%, at …

Oil settles at 5-month low as supply glut fears mount Read More »