(Refiles to removed outdated advisory note. No changes to text.) By Divya Chowdhury MUMBAI, Dec 5 (Reuters) – A potential artificial intelligence bubble will deflate faster than past tech cycles but give way to an even stronger rebound as corporate adoption catches up with infrastructure spending, the head of Japanese IT company NTT DATA Inc. …
AI bubble to be short-lived, rebound stronger, NTT DATA chief says Read More »
AMSTERDAM, Dec 5 (Reuters) – The Dutch minister who triggered automotive supply chain turmoil by seizing control of chipmaker Nexperia said the intervention had worked and he made a conscious choice not to inform European allies or the U.S. or Chinese governments ahead of time. Economic Affairs Minister Vincent Karremans faced questions over his handling …
Dutch minister defends Nexperia takeover amid chip supply strains Read More »
By Siyi Liu and Chen Aizhu SINGAPORE, Dec 5 (Reuters) – Chinese independent refiners are buying discounted Iranian crude held in onshore storage tanks using newly issued import quota to swiftly raise their output, trade sources and analysts said, easing a supply glut. Stocks have built up in recent months after the refiners, known as …
Chinese refiners buy oil from storage, raise output with fresh import quota Read More »
(Corrects headline to clarify it is a chip training facility) 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 …
SoftBank’s Arm plans to set up chip training facility in South Korea Read More »
TASHKENT, Dec 5 (Reuters) – A subsidiary of Uzbekistan’s state-run oil and gas company Uzbekneftegaz and Cargill signed a cooperation agreement aimed at strengthening Uzbekistan’s energy security, under which the parties plan to attract $3 billion of investments, Uzbekneftegaz said on Friday. Uzbekneftegaz’s subsidiary UNG Overseas and Cargill agreed to attract long-term financing of up …
By Stephen Nellis and Che Pan SAN FRANCISCO, Dec 4 (Reuters) – Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships them. Su made the remarks …
AMD chief says company ready to pay 15% tax on AI chip shipments to China Read More »
By Kane Wu, Vibhuti Sharma and Yantoultra Ngui HONG KONG/MUMBAI, Dec 5 (Reuters) – A strong pipeline of high-profile IPOs by companies in China and India looking to tap into a move by investors to diversify bets will bolster Asian equity capital deals next year, although worries over soaring tech valuations could drag on momentum. …
Asia’s strong equity deals pipeline to be tested by AI bubble concerns in 2026 Read More »
By Selena Li and Jasmeen Ara Islam Shaikh Dec 5 (Reuters) – Fullerton Fund Management, backed by Singapore state investor Temasek, has sharply scaled back its China private fund operations after years of struggling to build scale, a person with direct knowledge of the matter told Reuters. The Singapore-based firm has cut its onshore private …
Temasek-backed Fullerton pares China hedge fund operations, workforce, source says Read More »
TAIPEI, Dec 5 (Reuters) – Taiwan’s opposition leader decried as censorship on Friday a government plan to suspend access for a year to Chinese social media platform Rednote, while the island’s presidential office backed the plan. Taiwan’s interior ministry cited security risks and accusations that the Instagram-like app, known as Xiaohongshu in Chinese, had figured …
Taiwan opposition says ban of China’s Rednote app is censorship Read More »
By Leika Kihara TOKYO, Dec 5 (Reuters) – Investors seeking clarity from the Bank of Japan on how much higher interest rates could go could be disappointed, former central bank officials say, as clear-cut estimates on neutral interest rates are too difficult and even counter-productive. Governor Kazuo Ueda’s hawkish signals on Monday have led markets …
BOJ expected to choose ‘constructive ambiguity’ on future rate hikes Read More »
