JAKARTA (Reuters) – Indonesia will allow private fuel retailers, such as Shell and BP, to import more gasoline through state energy firm Pertamina as their petrol stations are running dry, the energy minister said on Friday. Shell and BP-AKR, the operator of BP’s fuel stations, said they have suffered inventory shortages for some gasoline products …
JAKARTA (Reuters) – Indonesia’s government is considering offering an incentive to make the public put any U.S. dollars they hold into the domestic financial market rather than send them abroad, the finance minister said on Friday. Purbaya Yudhi Sadewa said such a move would be aimed at boosting the country’s foreign exchange reserves as well …
Indonesia mulls incentives to keep US dollars in domestic market, Finance Minister says Read More »
By Kane Wu (Reuters) -U.S. medical device maker GE Healthcare is working with advisers to explore options for its China unit including an outright sale, a person with knowledge of the discussions said on Friday. It is also looking at finding a partner in China or selling a stake in the unit, said the person …
GE Healthcare exploring sale of China unit, source says Read More »
(Reuters) – Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve raised investor caution around the stock market’s lofty valuations. Investors disinvested a net $38.66 billion worth of global …
Global equity funds see a surge in weekly outflows Read More »
(Reuters) – The Bank of Japan kept interest rates steady on Friday but decided to start selling its holdings of risky assets, taking another step forward in phasing out remnants of its massive stimulus programme. Two of the BOJ’s nine board members dissented to the central bank’s decision to keep short-term interest rates at 0.5% …
Instant View: Investors react to BOJ’s decision to keep rates steady Read More »
By Eduardo Baptista BEIJING (Reuters) – Chinese tech giant Huawei has co-developed a safety-focused version of artificial intelligence model DeepSeek that it said is “nearly 100% successful” in preventing discussion of politically sensitive topics. Chinese regulators have required domestic AI models and the applications they power to reflect China’s “socialist values” before they are released …
China’s Huawei co-develops DeepSeek model, improves censoring Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) – Hundreds of people lined up at Apple’s flagship store in Beijing on the launch day of the iPhone 17 on Friday in a sign that sales of the series are off to a promising start in the world’s second largest economy. Among the roughly 300 people …
Apple’s iPhone 17 launch draws hundreds in long queue at its Beijing store Read More »
By Anton Bridge (Reuters) – Japan’s Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group, will invest a further 135 billion yen ($912.84 million) in U.S. investment bank Jefferies, the companies said in a statement on Friday. The move deepens the firms’ alliance, which dates from 2021, and comes after SMBC raised …
SMBC raises stake in Jefferies to up to 20% with $912 million investment Read More »
HANOI (Reuters) – Vietnam’s Techcom Securities has raised 10.82 trillion dong ($410 million) in an initial public offering, the firm said on Friday, one of the country’s largest IPOs this year. The company, a unit of lender Techcombank, sold all of the 231.15 million shares offered, at a price of 46,800 dong apiece, it said …
Vietnam’s Techcom Securities raises $410 million in IPO Read More »
BEIJING (Reuters) – The China Association of Automobile Manufacturers (CAAM) has launched an anti-discrimination probe into the impact on the auto industry of U.S. trade policy over chips, the association said in a statement on Friday. Automakers are called on to submit their inputs as of October 13. The probe came after the commerce ministry …
China auto industry body to launch discrimination probe into US chips Read More »
