By Manvi Pant BENGALURU (Reuters) -Indian edtech startup upGrad is exploring more university tie-ups in the Middle East and the Asia-Pacific as fewer students are opting to study in the U.S. and the UK due to visa restrictions and cost hurdles, a top executive said. The company, founded by film producer Ronnie Screwvalaa and backed …
India’s upGrad eyes Asia expansion as US campuses lose appeal Read More »
TOKYO (Reuters) -Japanese oil refiners should consider diversifying supply sources as 95% of its crude imports come from the Middle East, but importing Canadian oil could be challenging due to its heavy characteristics, the head of the industry association said on Thursday. Canada’s main oil-producing province of Alberta is considering a financial investment in Japan’s …
BERLIN (Reuters) -The European Union must look to trade deals with countries like India to reduce dependencies, with higher U.S. import tariffs pushing the bloc to diversity its ties, European Commission President Ursula von der Leyen said on Thursday. “We want to make a deal with India this year,” von der Leyen said at a …
EU needs deals with India, others to reduce US dependency, von der Leyen says Read More »
By Brenda Goh and Che Pan SHANGHAI (Reuters) – Huawei outlined its long-term chip plans for the first time on Thursday and said it would launch some of the world’s most powerful computing systems – underscoring China’s drive to wean itself off foreign semiconductor suppliers like Nvidia. In an announcement that broke years of secrecy …
China’s Huawei hypes up chip and computing power plans in fresh challenge to Nvidia Read More »
(Removes erroneous reference in paragraph 6 to XRP Ledger being owned by Ripple) SINGAPORE (Reuters) – DBS Group has partnered with U.S. asset manager Franklin Templeton and blockchain firm Ripple to offer accredited and institutional investors trading and lending services using tokenised money market funds and Ripple’s U.S. dollar stablecoin. Under the agreement, Singapore’s biggest …
DBS, Franklin Templeton, Ripple team up on tokenised money market fund trading Read More »
(Reuters) – State-owned Sinochem Group is moving its headquarters and hundreds of staff to a new economic development zone south of the Chinese capital by the end of this month, three people familiar with the matter said. Beijing announced plans in 2017 to build the Xiongan New Area in the northern province of Hebei, aiming …
Sinochem to move headquarters to China’s Xiongan this month, sources say Read More »
(Reuters) -Hong Kong Exchanges and Clearing (HKEX) said on Thursday it had entered an agreement with the Abu Dhabi Securities Exchange (ADX) to deepen collaboration and enhance connectivity between their capital markets. The agreement underscores increasing financial ties between the Asian financial hub and the Middle East, aiming to foster global capital market integration and …
HK, Abu Dhabi bourse operators seek to deepen capital market ties Read More »
BEIJING (Reuters) -China is willing to maintain dialogue with all parties involved to keep global industrial and supply chains stable, its foreign ministry said on Thursday in response to reports of the Chinese regulator ordering firms to halt purchases of Nvidia AI chips. “We have always opposed discriminatory practices against specific countries on economic, trade, …
SEOUL (Reuters) -South Korean credit card company Lotte Card, which is controlled by private equity fund MBK, said on Thursday that the personal data of some 2.97 million customers has been leaked due to a hacking attack. Among the customers who had been affected, some 280,000 had sensitive data leaked that could be abused for …
MBK-controlled Lotte Card says personal data of nearly 3 million customers leaked Read More »
By Aditi Shah and Neha Arora NEW DELHI (Reuters) -China’s SAIC Motor will slash its 49% stake in its Indian joint venture and halt further investment, five people said, the latest sign of how political tension between the Asian neighbours is spilling over into business. SAIC’s decision comes after India introduced limits on investment from …
China’s SAIC to cut stake in India car venture amid investment curbs, sources say Read More »
