Reuters Asia Business

By Jane Lanhee Lee OAKLAND, Calif (Reuters) – Singapore-based software startup Horizon Quantum Computing on Friday said it raised $18.1 million to expand its engineering team and speed up product development. The company, founded in 2018, created a programming language called Helium for quantum computers, designed to make it easier to tackle complex problems. Today to use …

Singapore-based software startup Horizon Quantum Computing raises $18.1 million Read More »

By Lewis Jackson SYDNEY (Reuters) -Two of Australia’s largest pension funds pulled money out of Chinese stocks and boosted positions in the country’s fossil fuel sector in the final six months of 2022, according to filings published on Thursday. The value of China and Hong Kong listed equities at AustralianSuper and Aware Super, which collectively …

Australia’s biggest pension funds cut China exposure, buy fossil fuels Read More »

By Tiyashi Datta and Twinnie Siu (Reuters) -E-commerce firm JD.com Inc said on Thursday it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange, the latest revamp in the Chinese technology sector after a sweeping regulatory crackdown. JD.com said it would continue to hold a stake …

China’s JD.com to spin off industrial, property units in Hong Kong float Read More »

By Eduardo Baptista and Kanishka Singh BEIJING/ WASHINGTON (Reuters) – China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen “irresponsible” and “unreasonable” after Yellen said Beijing’s lending activities leave developing countries “trapped in debt.” Yellen on Wednesday said she was concerned by some of China’s activities globally, particularly its lending to developing countries. …

China calls US debt trap accusation ‘irresponsible’ Read More »

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan on Thursday kicked off outsourcing of operations and land assets at three major airports to be run through a public private partnership, a finance ministry statement said, a move to generate foreign exchange reserves for its ailing economy. Islamabad has engaged the World Bank’s International Finance Corporation as …

Pakistan kicks off outsourcing operations, assets at three airports Read More »

By Eric Onstad LONDON (Reuters) -The London Metal Exchange (LME) on Thursday launched sweeping measures to revive its flagging nickel contract, including plans to cut waiting times and scrap fees for new brands of nickel that can be delivered against its contract. The world’s largest and oldest metals trading venue, owned by Hong Kong Exchanges …

LME launches sweeping plan to revive nickel contract Read More »

By Nick Carey LONDON (Reuters) – Chinese luxury electric vehicle (EV) maker Human Horizons will launch its premium HiPHi brand in some European markets later this year as the company looks to expand overseas, a top executive said on Thursday. Co-founder Mark Stanton told Reuters the carmaker would announce which European countries it would enter …

China’s HiPhi luxury EV brand plans Europe entry in 2023 Read More »

By Duncan Miriri LONDON (Reuters) – Stronger Chinese-led emerging markets growth will likely buffer the stocks, bonds and currencies of many developing nations as markets in the United States and Europe are whipped around by banking turmoil. But weeks of volatility in global markets, spurred by bank failures, rescues and emergency government assistance, could knock …

China-driven growth seen helping emerging assets despite bank worries Read More »