BEIJING, China (Reuters) -China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd, business registration records showed, as Beijing extends a campaign to strengthen control over online content. Beijing has been taking ‘golden shares’ in private online media and content companies for more than five years, …
China acquires ‘golden shares’ in two Alibaba units Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices settled more than a dollar a barrel higher on Friday, notching their biggest weekly gains since October, as the U.S. dollar dropped to a seven-month low and more indicators pointed toward growing demand from top oil importer China. Brent crude futures settled at $85.28 a barrel, up …
Oil posts biggest weekly gain since October on China hopes, dollar slump Read More »
By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia, the world’s second-largest palm oil producer, on Thursday said it might stop palm exports to the European Union after the bloc imposed additional import restrictions on the edible oil due to concerns over deforestation. WHAT IS THE DISAGREEMENT ABOUT? Malaysia and Indonesia have for years been …
Explainer-Why Malaysia is considering a ban on palm oil exports to the European Union Read More »
By John McCrank NEW YORK (Reuters) -The yen surged on Friday, adding to earlier gains on speculation the Bank of Japan (BOJ) will revise its ultra-loose monetary policy, while the dollar edged up against most other major currencies, rising off of a seven-month low. The yen was up 1.06% against the greenback at 127.92 yen …
Yen jumps on BOJ policy speculation, dollar edges off 7-month low Read More »
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – A committee of Nissan’s board is set to meet next week to consider proposals from Renault to address a sticking point in talks to restructure the alliance between the two automakers, two people with knowledge of the matter said. Specifically, Nissan directors will consider …
Exclusive-Nissan to consider Renault proposal on IP safeguards-sources Read More »
By Elizabeth Howcroft LONDON (Reuters) – Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own funds on buying assets belonging to Digital Currency Group (DCG), the parent company of embattled crypto lender Genesis, Sun told Reuters. Genesis froze customer withdrawals in November and said it was trying to avoid a …
Crypto investor Justin Sun says willing to spend up to $1 billion on DCG assets Read More »
HANOI (Reuters) – Vietnam has asked Japan for support in building a high-speed railway that runs along the country’s length, the government said late on Friday. The proposal was made at a meeting between Vietnamese Prime Minister Pham Minh Chinh and Japanese Finance Minister Shunichi Suzuki in Hanoi earlier in the day, the government said …
Vietnam requests aid from Japan for mega railway, refinery projects Read More »
CHIBA, Japan (Reuters) – In an eye-catching bid to show that cars can be clean while appealing to old-school petrolheads, Toyota Motor on Friday showcased zero-emission versions of its 1980s sports range, which still boasts a strong global fan base. At an industry event for customised cars in Chiba, east of Tokyo, the Japanese automaker …
Back to the future: Toyota sets sights on old-car upgrades in zero-emissions drive Read More »
By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE (Reuters) – At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance. China, the world’s top oil …
Exclusive-Russian oil shipped to Asia in Chinese supertankers amid ship shortage Read More »
BEIJING/HONG KONG (Reuters) -Chinese property and logistics firm Xiamen C&D Inc said on Friday it plans to acquire a 30% stake in home furnishings store operator Red Star Macalline Group in a deal worth up to 6.3 billion yuan ($938 million). Xiamen C&D said the purchase of a 29.95% stake from Red Star Macalline Holding …
Chinese firm eyes stake in home decor mall operator Red Star Macalline Read More »
