Reuters Asia Business

By Andrea Shalal and Jorgelina do Rosario WASHINGTON/LONDON (Reuters) -U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on stalled relief efforts for distressed countries, with Britain’s Standard Chartered also joining, according to sources. The Global Sovereign Debt Roundtable, chaired by the International Monetary …

BlackRock, Standard Chartered join talks at new debt roundtable Read More »

(Reuters) -U.S.-listed shares of Sigma Lithium Corp rose 21% in extended trading on Friday after Bloomberg News reported that Tesla Inc was weighing a takeover of the Canada-based battery metals miner. Tesla has been speaking with potential advisers about a bid, the report said, citing people with knowledge of the matter, and added that Sigma …

Lithium miner Sigma jumps on report Tesla considering buyout Read More »

By Tom Wilson and Angus Berwick LONDON (Reuters) -The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday, citing banking records and company messages, that Binance had secret access to a bank account …

Binance’s U.S. partner confirms firm run by CEO Zhao operated on exchange Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Chinese social media company TikTok plans to open two more data centers in Europe, a senior executive said on Friday, a move that could mitigate concerns over the security of users’ data and ease regulatory pressure on the company. TikTok has been seeking to assure governments and regulators …

TikTok planning 2 more data centers in Europe amid data security concerns Read More »

By Jaiveer Shekhawat and Niket Nishant (Reuters) -Binance has pulled back on some potential investments in the United States, its CEO Changpeng Zhao said on Friday, following a Bloomberg report that the major crypto exchange was considering ending relationships with U.S. business partners. “We pulled back on some potential investments, or bids on bankrupt companies …

Binance pulls back on potential U.S. investments -CEO Read More »

(Reuters) -The International Monetary Fund (IMF) is considering approving a loan for Sri Lanka, even without China’s assurance of debt-restructuring support, Bloomberg News reported on Friday. Under a rarely used policy, the global lender may consider approving the island nation’s loan, as the only prerequisite hindering the go-ahead is China’s formal assurance, Bloomberg reported, citing …

IMF mulls loan approval to Sri Lanka, even without China’s assurance – Bloomberg News Read More »

By Chen Aizhu and Jing Xu SINGAPORE (Reuters) – China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese buyers billions of dollars. China and India are buying at deep discounts amid Western sanctions on Russian oil and …

Exclusive-China ministry meets refiners for update on Russian oil trade -sources Read More »