By Milana Vinn and Max A. Cherney NEW YORK -ASML, a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder of French artificial intelligence startup Mistral AI in a move to strengthen European tech sovereignty, people familiar with the matter told Reuters. The Dutch ASML is committing 1.3 billion euros ($1.5 …
(Reuters) -Japanese Prime Minister Shigeru Ishiba said on Sunday he had decided to resign, ushering in a potentially lengthy period of policy paralysis at a shaky moment for the world’s fourth-largest economy. Ishiba, 68, instructed his Liberal Democratic Party – which has governed Japan for almost all of the post-war era – to hold an …
By Cynthia Kim SEOUL (Reuters) -South Korea tightened mortgage rules for Seoul on Sunday, unveiling plans to tackle a housing shortage in the capital by adding more affordable homes than previously planned as it leverages land owned by state developers. The loan-to-value (LTV) ratio for wealthy parts of Seoul, including the areas of Gangnam and …
South Korea to tighten mortgage rules in Seoul, boost housing supply Read More »
By Hyunjoo Jin SEOUL (Reuters) -South Korea said the U.S. government’s release of images of the arrest of hundreds of Korean workers was regrettable, especially as the incident followed so closely after a summit between the two nations’ leaders. U.S. immigration officials raided a Hyundai Motor car battery factory on Thursday. On Friday, Immigration and …
South Korea says US release of video showing workers’ arrest was regrettable Read More »
By James Pomfret (Reuters) -A former top Chinese securities regulator, Yi Huiman, has been put under investigation over suspected violations of law, China’s anti-corruption watchdog said on Saturday. The Central Commission for Discipline Inspection said in a brief statement on its website that Yi, who once led the China Securities Regulatory Commission (CSRC), was being …
China former securities regulator investigated for suspected corruption, watchdog says Read More »
BAGHDAD (Reuters) -Iraq’s state oil company SOMO is in advanced talks with ExxonMobil over a possible agreement to secure storage capacity in Singapore using tanks owned by the U.S. oil major, the Iraqi state news agency INA said on Saturday. Negotiations also include possible refining capacity deals and profit-sharing arrangements in Asia, where demand for …
Iraq in talks with ExxonMobil on Asian refining capacities Read More »
By Christina Amann MUNICH (Reuters) -BMW is confident it can return to growth in its largest market China with the all-electric Neue Klasse series, a major overhaul of the company’s portfolio that was kick-started this week with the launch of its first model. “We are more than competitive with this product,” Chief Financial Officer Walter …
BMW will return to growth in China with new all-electric series, CFO says Read More »
SHANGHAI/HONG KONG (Reuters) -China aims to slash subscription and sales-related fees in the country’s $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment. Draft rules published by China’s securities regulator late on Friday will also guide investment towards equity funds, potentially adding fuel to a stock market bull run. The …
China to cut fees on $4.9 trln mutual fund industry to promote investment Read More »
By Che Pan and James Pomfret BEIJING (Reuters) -Chinese electric vehicle maker WM Motor said on Saturday it aimed to resume production and launch new models at its plant in the eastern city of Wenzhou after new owner Shenzhen Xiangfei Auto Sales Co. took over part of the struggling firm. The EV startup, which once …
China’s WM Motor to restart production after government-backed revival plan Read More »
By Khanh Vu HANOI (Reuters) -Vietnam’s exports in August rose 14.5% from a year earlier to $43.39 billion, government data showed on Saturday, the first trade figures since a tariff of 20% on shipments to the United States took effect during the month. Imports in the month rose 17.7% from a year earlier to $39.67 …
Vietnam Aug exports keep strong, PM warns of mounting inflation pressure Read More »
