By David Shepardson WASHINGTON (Reuters) – The Republican chair of the House Select Committee on the Chinese Communist Party on Wednesday said he is concerned by reports a U.S.-China framework deal to shift app TikTok’s American assets to U.S.-controlled ownership would still allow Beijing to influence the app’s users. “Based on initial reports, I am …
Republican lawmaker raises concerns about TikTok divestiture deal Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. markets gyrated sharply on Wednesday after the Fed cut interest rates by 25 basis points, and investors digested its new economic projections and Chair Jerome Powell’s press conference. The upshot? Bond yields and …
Trading Day: Fed cuts, markets not sure where to look Read More »
(Reuters) -Apple has held discussions with suppliers for a possible test production of foldable iPhones in Taiwan, aiming to mass produce the device in India for release in 2026, the Nikkei said on Thursday. (Reporting by Sherin Sunny in Bengaluru; Editing by Shinjini Ganguli)
By Byron Kaye SYDNEY (Reuters) – Software owned by Australia’s biggest banks is being tested as a way to comply with a teen social media ban that begins in December, people involved in the process said, potentially involving the country’s financial sector in the world-first regulatory crackdown. ConnectID is an identity verification tool owned by …
Software owned by Australian banks being tested for social media ban Read More »
SAO PAULO (Reuters) -Brazil’s antitrust watchdog CADE has dismissed an investigation into Anglo American’s plan to sell its nickel operations in the country to a unit of Hong Kong-listed MMG for up to $500 million, newspaper Folha de S.Paulo reported on Wednesday. Anglo American and CADE did not immediately respond to requests for comment. The …
Brazil antitrust watchdog shelves probe into Anglo American nickel deal, Folha reports Read More »
(Reuters) -President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, a breakthrough in months-long talks between the two biggest economies as they seek to defuse a wide-ranging trade war that has unnerved global markets. The deal was similar to one discussed earlier this …
Factbox-Groups that have bid for TikTok or expressed interest Read More »
By Laurie Chen BEIJING (Reuters) – A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, according to two people with knowledge of the case. Mao has already left China, said one of …
US wins release of Wells Fargo banker barred from leaving China, sources say Read More »
By Arsheeya Bajwa (Reuters) – Nvidia CEO Jensen Huang said on Wednesday that Washington and Beijing “have larger agendas to work out” as the tech giant navigates the tricky politics of the U.S.-China trade war and tries to satisfy demand from companies worldwide hungry for the company’s crucial AI chips. Huang was speaking in London …
Nvidia CEO Huang caught between US, China’s ‘larger agendas’ Read More »
By Ankika Biswas (Reuters) -Investors are extending bullish bets on Asia’s emerging equities as prospects of further monetary easing outweigh domestic risks, fund managers said this week. A dovish Federal Reserve gives Asian central banks more flexibility to ease policy without stoking currency pressures, Gary Tan, portfolio manager at Allspring Global Investments, told the Reuters …
Policy easing fuels optimism in Asian EM equities despite political headwinds Read More »
By Krishna N. Das and Uditha Jayasinghe COLOMBO (Reuters) – India’s Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells Holdings told Reuters. The deepwater Colombo West …
Exclusive-Adani-led Sri Lanka container terminal to double capacity ahead of deadline Read More »
