BEIJING (Reuters) – Extreme flooding that has battered southern and eastern provinces in China, leading to hundreds of thousands being evacuated and the highest rainfall in decades at the Pearl River basin, will likely continue in July and August, according to a government official. “It is predicted that from July to August, there will be …
More extreme weather events expected to pummel China in July, August Read More »
By Chen Aizhu SINGAPORE (Reuters) – PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina’s plan follows a similar strategic shift by …
Exclusive-PetroChina may sell Australian, Canadian assets to stem losses – sources Read More »
WASHINGTON (Reuters) – Taiwan’s MediaTek Inc, the world’s fourth largest chip designer by revenue, plans to create a new design center in Indiana in partnership with Purdue University, the firm told Reuters. MediaTek, which makes processors for many Android phones and smart speakers, declined to say how much it would invest in its first Midwestern …
Taiwan’s MediaTek pairs with Indiana’s Purdue University for chip design center Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks on global indexes were lower on Tuesday following a drop in June U.S. consumer confidence, while oil prices gained for a third day. The euro weakened after the European Central Bank president offered no fresh insight into the central bank’s policy outlook. The Conference Board said U.S. consumer …
Stocks dip after weak U.S. confidence data; oil climbs Read More »
By Zeba Siddiqui SAN FRANCISCO (Reuters) – A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms that challenge China’s business interests, U.S.-based cybersecurity firm Mandiant said on Tuesday. While politically motivated disinformation campaigns on social media have grown increasingly common, researchers say, such an …
Pro-China digital campaign targets mining firms – cybersecurity report Read More »
By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG (Reuters) – State-backed Japan Investment Corp (JIC) has hired SMBC Nikko Securities as its financial adviser for its pursuit of a potential equity investment in conglomerate Toshiba Corp, two people familiar with the matter told Reuters. Toshiba said this month it had received eight initial buyout proposals …
Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources Read More »
By Josh Ye HONG KONG (Reuters) – China’s Tencent Holdings said it saw multiple opportunities to explore extended reality (XR) technologies in the next 4-5 years and that it had set up a unit focused on exploring the space, confirming an earlier Reuters report. The company’s gaming chief Steven Ma made the comments to local …
Tencent to explore hardware opportunities with extended reality unit Read More »
(Reuters) – Kazakhstan will offer shares in state energy firm KazMunayGaz (KMG) to local investors this year, state holding Samruk Kazyna said on Tuesday. The fund and KMG have already hired Kazakh investment banks to prepare the listing on two domestic stock exchange, KASE and AIX, it said in a statement. The oil-exporting Central Asian …
Kazakhstan plans domestic IPO for energy champion Read More »
TAIPEI (Reuters) – Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period expired on Sunday evening. Russia defaulted on its international bonds for the first time in more than a century, the White House and Moody’s credit agency …
Taiwan says seven insurers have not received Russian bond payments Read More »
By Thomas Escritt and Sarah Marsh GARMISCH-PARTENKIRCHEN, Germany (Reuters) -The Group of Seven rich democracies will commit up to $5 billion to improve global food security, a senior U.S. official said, as the group responds to worries in developing nations about the threat of hunger triggered by war in Ukraine. On the final day of …
G7 commits $5 billion to tackling global food insecurity – U.S. official Read More »
