(Reuters) – Elon Musk said on Thursday he has found a new chief executive for Twitter without naming the person, adding that he will transition to the role of chief technology officer of the social media platform within the next few weeks. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will …
FRANKFURT (Reuters) – German technology group Merck KGaA said it was determined to invest further in China and aims to build domestic supply chains there to curb imports of key raw materials amid rising tensions between Beijing and Western powers. “We are trying to limit, when it is reasonably possible, imports of important raw materials …
Merck KGaA aims to build domestic supply chains in China Read More »
WASHINGTON (Reuters) – The U.S. International Trade Commission voted on Thursday to institute an investigation into a patent complaint filed by Ouster Inc against Chinese rival Hesai Group. As a result of the investigation, an International Trade Commission administrative law judge will schedule a hearing into Ouster’s request for the United States to bar imports …
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting …
China says willing to work with U.S. on audit deal as challenges loom Read More »
DUBAI (Reuters) – The chairman of Royal Group in the United Arab Emirates, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday the company has identified a number of “outstanding” investment opportunities in the U.S. market that it plans to pursue. Sheikh Tahnoon, who also chairs the Abu Dhabi Investment Authority, one of the world’s …
UAE’s Royal Group looking at opportunities in U.S. market – chair Read More »
BEIJING (Reuters) – China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said on Thursday, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins. The export volumes, comprising 9 million tonnes of refined products and 3 million tonnes …
China cuts second batch of 2023 fuel export quotas – consultancies, trade sources Read More »
BEIJING (Reuters) – China’s GEM Co Ltd, a battery and material recycler, announced on Thursday a $500 million joint investment to build a nickel project in Indonesia. The project, sited in Indonesia Morowali Industrial Park, will produce 20,000 tonnes per year of nickel intermediate product used in the new energy sector, according to the company’s …
China’s GEM to build a $500 million joint nickel project in Indonesia Read More »
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. The central bank governor of host Japan said …
US debt standoff overshadows G7 finance leaders’ meeting Read More »
TOKYO (Reuters) – Tokyo Electron Ltd, Japan’s leading maker of semiconductor manufacturing tools, on Thursday forecast its profit to dip by more than a third from a record high as its customers slowed investment in new plant. The company expects operating profit to fall 36% to 393 billion yen ($2.91 billion) in the twelve months …
Tokyo Electron expects profit dip as chipmakers slow investment Read More »
By Yimou Lee TAIPEI (Reuters) -Apple Inc supplier Foxconn on Thursday posted a 56% plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years, and said visibility for the full year was “limited”. The Taiwanese company said net profit for the January-March quarter fell to T$12.8 billion ($417.17 million) from …
Apple supplier Foxconn’s Q1 profit plunges, outlook “conservative” Read More »
