By Joe Cash BEIJING, Dec 8 (Reuters) – China’s trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging. Shipments to the United States dropped by close to one-third from the …
China trade surplus tops $1 trillion for first time on non-US growth Read More »
By Akash Sriram and Krystal Hu Dec 8 (Reuters) – Japan’s SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by Reuters. …
By Philip Blenkinsop BRUSSELS, Dec 8 (Reuters) – Nine EU member states urged the bloc on Monday to be extremely cautious over supporting its industry with “Buy European” plans, citing concerns over their potential impact on prices, supply chains and competition. The European Commission is set to make proposals next month to bolster EU industry …
Nine EU nations urge extreme caution on ‘Buy European’ policies Read More »
Dec 8 (Reuters) – U.S. President Donald Trump has sustained his criticism and actions against executives, corporations and institutions, months after taking office. His unprecedented actions – from novel export deals to frozen university grants – have upended the status quo between the government, law, academia and corporate America. Here are some influential figures and …
Factbox-From Wall Street to academia, who is in Trump’s line of fire? Read More »
(Corrects headline and paragraph 1 to say that Intel is one of the major customers, not the first) Dec 8 (Reuters) – India’s Tata Electronics has secured Intel as a prospective customer for its upcoming chip facilities, potentially signalling the U.S. chipmaker’s confidence in India’s manufacturing ambitions. The electronics-manufacturing arm of the 156-year-old salt-to-software Tata …
India’s Tata signs up Intel as major customer for $14 billion chip foray Read More »
MOSCOW, Dec 8 (Reuters) – Kazakhstan plans to supply 50,000 metric tons of crude to China directly from the vast Kashagan field in December for the first time after a Ukrainian drone damaged the Black Sea terminal of the Caspian Pipeline Consortium (CPC), two sources told Reuters. The CPC, which accounts for 1% of global …
By Kanchana Chakravarty and Siddarth S Dec 8 (Reuters) – Most global brokerages expect the U.S. Federal Reserve to deliver an interest rate cut this week, with Nomura and Standard Chartered being the latest, reversing their earlier stand of the central bank holding rates amid dovish signals. Both Nomura and StanChart expect a 25-basis-point cut …
Nomura, StanChart join top brokerages in forecasting Fed rate cut this week Read More »
JAKARTA, Dec 8 (Reuters) – An Indonesian government task force has ordered dozens of companies in palm oil cultivation and mining to pay fines totalling 38.62 trillion rupiah ($2.31 billion) for operating illegally in forest areas, an official said on Monday. President Prabowo Subianto’s forestry task force, made up of military personnel and law enforcement officials, …
BEIJING, Dec 8 (Reuters) – State-owned conglomerate Metallurgical Corporation of China (MCC) and its unit have agreed to sell assets, including a property firm, to China Minmetals for 60.7 billion yuan ($8.59 billion), a stock exchange filing showed on Monday. MCC will transfer a 100% stake in MCC Real Estate Group and related debt claims …
Metallurgical Corporation of China to sell assets to Minmetals in $8.6 billion deal Read More »
Dec 8 (Reuters) – German Foreign Minister Johann Wadephul said on Monday that China had signalled it would give priority to addressing minerals supply shortages among European manufacturers in a dispute over rare earths export restrictions. The minister, who is on a two-day trip in China, spoke at a press conference following talks in Beijing. …
German foreign minister: China willing to prioritise European supply bottlenecks Read More »
