ROME, Dec 5 (Reuters) – China’s HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas, daily la Repubblica reported on Friday. Details still need to be defined but the offer …
China’s HongShan eyes $2.9 billion Golden Goose deal by Christmas – paper Read More »
SHANGHAI/BEIJING, Dec 5 (Reuters) – Shares of Moore Threads Technology Co, dubbed by analysts as “China’s Nvidia”, soared over 400% on debut in Shanghai on Friday, on bets the U.S.-blacklisted startup will benefit from Beijing’s drive to boost domestic chip manufacturing. The stock opened at 650 yuan ($91.91), more than five times its initial public offering …
Moore Threads, ‘China’s Nvidia’, soars over 400% in Shanghai debut Read More »
Dec 5 (Reuters) – Kunlunxin, the AI chip unit of Chinese internet search giant Baidu, is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters. The move comes as China pushes to develop domestic …
BEIJING, Dec 5 (Reuters) – China’s exports likely returned to growth in November after an unexpected dip in October, as manufacturers rushed to move inventory to take advantage of a fresh tariff truce with the U.S. In a deal in late October that followed a sharp escalation in tensions between the world’s top two economies, …
China’s November exports expected to have rebounded off US tariff truce Read More »
SEOUL, Dec 5 (Reuters) – South Korea’s LG Electronics Inc said on Friday that Microsoft and LG affiliates are pursuing overall business cooperation regarding data centres, but no specific deal has been signed at this time. The regulatory filing was in response to a South Korean newspaper report saying that LG Electronics, LG Energy Solution …
LG Elec says Microsoft and LG affiliates pursuing cooperation on data centres Read More »
TOKYO, Dec 5 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that communications with Bank of Japan Governor Kazuo Ueda have been positive in many ways since she took the post in October. “Since taking on this role in October, I believe communications between Governor Ueda and myself have been very good in …
Japan finance minister says dialogue with BOJ governor has been positive Read More »
By Deborah Mary Sophia, Juby Babu and Krystal Hu Dec 4 (Reuters) – Canadian tech startup Cohere’s CEO Aidan Gomez said on Thursday the U.S. and Canada hold an “incredible position” to partner with economies adopting AI around the world, putting the countries in the lead against China in the global AI race. Speaking in …
AI startup Cohere CEO says US holds edge over China in AI race Read More »
By Alexandra Alper WASHINGTON, Dec 4 (Reuters) – A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, on Thursday unveiled a bill that would block the Trump administration from loosening rules that restrict Beijing’s access to artificial intelligence chips from Nvidia and AMD <AMD.O> for 2.5 years. The bill, known as …
US senators unveil bill to prevent easing of curbs on Nvidia chip sales to China Read More »
TOKYO, Dec 5 (Reuters) – Japanese household spending unexpectedly slumped at the fastest pace in nearly two years in October, government data showed Friday, raising concerns about the economic outlook as the Bank of Japan gears up for a rate hike as early as this month. Consumer spending fell 3.0% in October from a year …
Japan October household spending falls at fastest pace in nearly 2 years Read More »
By David Shepardson WASHINGTON, Dec 4 (Reuters) – Chinese drone manufacturer DJI, which sells more than half of U.S. commercial drones, urged Congress and the Trump administration on Thursday to quickly complete a security review or extend a December 23 deadline. Congress last year approved legislation that required completion of a security review on DJI, …
Chinese dronemaker DJI urges US to complete security review Read More »
