Dec 5 (Reuters) – SoftBank is in talks to acquire digital infrastructure firm DigitalBridge, a source familiar with the matter told Reuters on Friday, as the Japanese conglomerate seeks to tap the firm’s AI-linked portfolio. The deal could be struck by the end of the year, the source said. DigitalBridge and SoftBank declined to comment. …
SoftBank in talks to buy digital infra firm DigitalBridge, source says Read More »
By Ernest Scheyder and Shariq Khan NEW YORK, Dec 4 (Reuters) – Washington must move even faster to bolster critical minerals projects and offset Beijing’s grip on the world’s supply of the building blocks for electronics, weapons and a range of other goods, three U.S. mining and refining executives said on Thursday. The push underscores …
US minerals projects seek ‘industrial vision’ from Washington to compete with China Read More »
BEIJING/SHANGHAI, Dec 5 (Reuters) – China Vanke will seek bondholder approval to extend repayment of a 3.7 billion yuan onshore bond due December 28, a filing from Shanghai Clearing House showed on Friday. A meeting for the holders of this note is set to take place on December 22. China’s once-largest developer is also seeking …
China Vanke seeks second onshore bond extension, skips call on separate 2028 note Read More »
Dec 5 (Reuters) – The Central Bank of Sri Lanka on Friday asked banks in the cyclone-ravaged country to provide measures including temporary debt relief and grant of new loan facilities to impacted borrowers. The directions come after Cyclone Ditwah hit the island nation last week, triggering floods and landslides that killed nearly 500 people …
Cyclone-hit Sri Lanka’s central bank asks lenders to provide relief measures Read More »
By Alexander Marrow LONDON, Dec 5 (Reuters) – Influencers and AI-generated avatars selling everything from Durex condoms to Harpic toilet cleaner on livestreaming apps in China are propelling emerging-market led growth for consumer goods company Reckitt. E-commerce now accounts for around 80% of China’s total sales, Reckitt said at an emerging-markets-focused event on Thursday, up …
By Leika Kihara TOKYO, Dec 5 (Reuters) – Japan’s economic revitalisation minister, Minoru Kiuchi, called on the central bank to closely communicate with the government in setting monetary policy on Friday, but did not voice opposition to a near-term interest rate hike. Asked about growing prospects of an interest rate hike by the central bank …
Japan’s economy minister says up to BOJ to decide ‘specific monetary policy means’ Read More »
BEIJING, Dec 5 (Reuters) – China will ramp up efforts to expand imports and develop balanced trade in the next five years, Commerce Minister Wang Wentao said in an interview with state news agency Xinhua on Friday. Wang said Beijing plans to sign more trade and investment deals in 2026-2030, when the country will implement …
China pledges to boost imports, sign more trade deals in next five years Read More »
MOSCOW/SINGAPORE, Dec 5 (Reuters) – Russia’s ESPO blend crude oil cargoes loading in December traded at a discount of $5-$6 a barrel to ICE Brent in Chinese ports, the weakest differential on record, four sources said on Friday. The discounts widened in China on falling demand after state refiners suspended buying because of recent Western …
Discounts widen on Russian ESPO blend crude oil to China, sources say Read More »
KUALA LUMPUR, Dec 5 (Reuters) – Malaysia has banned most imports of pork and pork products from Spain with immediate effect following an outbreak of African swine fever there, the Veterinary Services Department said on Friday. The ban excludes retort products, the department said in a statement. The virus was first detected late last month …
Malaysia bans most pork imports from Spain due to swine fever outbreak Read More »
SEOUL, Dec 5 (Reuters) – South Korea’s industry ministry and SoftBank’s chip unit, Arm Holdings, have signed an agreement to strengthen the country’s semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday. The memorandum of understanding includes a plan for Arm to set up a chip design school in the country to …
SoftBank’s Arm plans to set up chip training facility in South Korea Read More »
