MANILA (Reuters) -Foreign investors in the Philippines will be able to lease private land for up to 99 years under a law signed this week, as the country looks to be more competitive in attracting offshore funding for long-term commercial and industrial projects. The law, signed by President Ferdinand Marcos Jr on Wednesday and made …
Philippines extends land leases to 99 years to attract foreign investors Read More »
LONDON (Reuters) -TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday, the latest sign of its rapid growth among teenagers. That is up from 175 million people last year, among users in 32 European countries. TikTok, owned …
TikTok users top 200 million in Europe, firm says Read More »
(Reuters) -China’s former securities watchdog chief Yi Huiman was taken away by authorities last week for an investigation, people with knowledge of the matter said. Yi was unexpectedly ousted as chairman of the China Securities Regulatory Commission (CSRC) in February last year amid a brutal selloff in domestic stock markets that pushed the benchmark index …
Former China securities regulatory chief Yi under investigation, sources say Read More »
By Fanny Potkin and Liam Mo SINGAPORE/BEIJING (Reuters) -Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are part of a Singapore unit, three people familiar with the matter said. The employees made the discovery when they were moved into a new group …
ByteDance chip design staff suddenly find out they report to Singapore unit, sources say Read More »
By Samuel Shen, Rae Wee and Qiaoyi Li SINGAPORE/SHANGHAI (Reuters) -China’s investors borrowed a record $322 billion to buy stocks this year, but sharp corrections this week and heightened regulatory scrutiny to cool overheated markets are now making them jittery about the leveraged bets. While risks for China’s broader financial system have been elevated for …
By Dhwani Pandya MUMBAI (Reuters) -German bath fittings maker Hansgrohe will quadruple its India production as it aims to target rich and affluent Indians, just when it is facing a slowdown in its other key market of China, top company executives said. India has emerged as a hotspot for the likes of Hansgrohe, American giant …
Germany’s Hansgrohe plans to quadruple India production as China sales slow Read More »
By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -President Donald Trump gave Japanese automakers some relief by cutting his high U.S. tariffs on their vehicles, but the reduced levies still mean big pain for Japan’s smaller car companies, which will stay under pressure in the crucial market. After months of diplomacy, Trump signed an order …
Analysis-US tariffs still spell big pain for Japan’s small automakers Read More »
By Ashley Tang KUALA LUMPUR (Reuters) -A fungal disease once confined to older palm trees in coastal areas is spreading across Malaysian palm plantations and appearing much earlier in growth cycles, threatening yields in newly replanted areas, agricultural industry experts say. The rise of the fungus in second-largest palm oil exporter Malaysia, as well as …
Palm oil yields at risk as Ganoderma appears in earlier planting cycles Read More »
VLADIVOSTOK, Russia (Reuters) -Russian President Vladimir Putin said on Friday that the planned Power of Siberia 2 gas pipeline to China was a “mutually beneficial project” and the price of the gas would be based on a market formula similar to the one used for supplies to Europe. Russia proposed the route years ago, but …
By Andrea Shalal, David Shepardson and Tamiyuki Kihara WASHINGTON/TOKYO (Reuters) -U.S. President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan’s export-heavy economy. Formalizing the deal between the U.S. and a key Asian ally comes after …
Trump signs order to bring lower Japanese auto tariffs into effect Read More »
