SHANGHAI (Reuters) – Shares in Chinese cybersecurity company 360 Security Technology plunged on Thursday after the firm announced that its billionaire founder Zhou Hongyi and his wife were divorcing and that he would give her a 6.25% share. Shares in 360 Security, China’s largest provider of cybersecurity products, fell by as much as 7.8%, its …
Shares in China’s 360 Security slump after founder’s divorce deal Read More »
BEIJING (Reuters) – Among the French business executives travelling to Beijing with President Emmanuel Macron, the mood was cautiously sanguine on the thawing post-pandemic trade prospects with China, with some rejecting American-led calls for ‘decoupling’. Macron travelled to China with a 50-strong delegation of business leaders including the CEOs of Airbus, Alstom and EDF, raising …
In Beijing, French business community welcomes Macron’s overtures Read More »
By Laura Sanicola (Reuters) – Oil prices settled largely unchanged on Wednesday, despite greater-than-expected draws in U.S. crude and fuel stockpiles, as the market weighed worsening economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to reduce output. Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a …
Oil steadies as economic fears counter OPEC+ cuts, US stock draw Read More »
ROME (Reuters) – Italian tyre maker Pirelli said on Wednesday it had postponed its shareholder meeting until June 29 due to government scrutiny of governance agreements involving China’s investor Sinochem. Sinochem is Pirelli’s largest shareholder with a 37% stake. Earlier this year Pirelli said Sinochem had notified Italy’s government of plans to renew and update …
Pirelli postpones AGM as Italy reviews shareholder pact with Chinese investors Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. nominee to run the World Bank, Ajay Banga, said on Wednesday that he supports his predecessor’s proposal to expand the bank’s annual lending capacity by about $5 billion to help tackle climate change and other global challenges, but added that this was only the start of reforms. …
US World Bank nominee Banga endorses lending expansion, pledges more Read More »
By Katie Paul (Reuters) – Facebook-owner Meta published an artificial intelligence model on Wednesday that can pick out individual objects from within an image, along with a dataset of image annotations that it said was the largest ever of its kind. The company’s research division said in a blog post that its Segment Anything Model, …
Meta releases AI model that can identify items within images Read More »
TOKYO (Reuters) -Japanese embassy staff in Beijing have met the Japanese Astellas Pharma businessman who Chinese authorities detained in late March, Japan’s Foreign Minister Yoshimasa Hayashi told reporters on Wednesday. Hayashi confirmed that Japanese embassy staff met the man on Tuesday afternoon. He declined to give further details of the meeting but confirmed that the …
Japan embassy staff in Beijing met detained Astellas Pharma businessman Read More »
(Reuters) – China is considering prohibiting exports of certain rare-earth magnet technology in a move that would counter the United States’s advantage in the high-tech arena, Nikkei reported on Wednesday. (Reporting by Jose Joseph in Bengaluru; Editing by Jan Harvey)
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Wednesday that revenue in the first quarter rose 3.9% year-on-year, but that sales for the current quarter would be down. Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 …
By Yantoultra Ngui and Scott Murdoch SINGAPORE (Reuters) -Indonesian nickel firm PT Merdeka Battery Materials plans to price its shares at 795 rupiah each, at the top of the range for its initial public offering (IPO) to raise 8.75 trillion rupiah ($586.46 million), according to two sources with direct knowledge of the matter. The sources …
Indonesia’s Merdeka Battery set to price IPO shares at 795 rupiah each -sources Read More »
