By Peter Hobson and Ella Cao CANBERRA/BEIJING (Reuters) -Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade. China, the world’s largest canola importer, sources nearly all of …
Australia nears breakthrough canola deal with China, sources say Read More »
SEOUL (Reuters) -South Korea’s financial regulator, the Financial Services Commission, has referred the chairman of K-pop agency HYBE to prosecutors for investigation of his activities during the company’s stock market listing, Yonhap News Agency reported on Wednesday. The commission alleged that, ahead of the 2020 IPO, Bang Si-hyuk and three other executives “deceived” investors into …
By AJ Vicens (Reuters) -Chinese-linked hackers are targeting the Taiwanese semiconductor industry and investment analysts as part of a string of cyber espionage campaigns, researchers said on Wednesday. While hacking to steal data and information about the industry is not new, there is an increase in sustained hacking campaigns from several China-aligned hacking groups, researchers …
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist A dramatic day on Wednesday ended with Wall Street in the green and the dollar and short-dated Treasury yields lower, although off their earlier extremes, after President Donald Trump denied reports he will soon …
Trading Day: Trump-Powell drama sizzles, dollar fizzles Read More »
By Trevor Hunnicutt and Andrea Shalal WASHINGTON (Reuters) -President Donald Trump said on Wednesday the U.S. will probably “live by the letter” on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday. “We have some pretty good deals to announce,” Trump …
Trump says US will stick to 25% tariff on Japan, may have deal with India soon Read More »
By Selena Li HONG KONG (Reuters) -Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its top regional banker said. Rising interest in cross-border mergers and acquisitions (M&A) …
Citi to boost Japan investment banking headcount up to 15%, executive says Read More »
By Eric Onstad LONDON (Reuters) -Tin shipments from Myanmar’s Wa State are expected to resume in coming months after a nearly two-year-old ban, the International Tin Association said on Wednesday. Speculation by traders this week that mining would resume has weighed on tin prices, which touched a three-week low on Wednesday. The metal, mainly used …
Tin shipments from Myanmar’s Wa State due to resume, tin group says Read More »
By Che Pan and Casey Hall BEIJING/SHANGHAI (Reuters) -Nvidia will ramp up supply of Chinese-compliant H20 chips in the coming months and look to bring more advanced semiconductors to the world’s second-largest technology market, Chief Executive Jensen Huang said at an event in Beijing. Huang’s remarks came after the world’s most valuable company said it …
Nvidia to boost H20 chip sales to China after US export restrictions ease Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank cut rates on Wednesday for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia’s biggest economy amid weakening global trade and slowing domestic demand. Bank Indonesia (BI) cut the benchmark 7-day reverse repurchase …
Indonesia central bank cuts benchmark rate, welcomes US tariff deal Read More »
By Kane Wu, Liam Mo and Che Pan HONG KONG (Reuters) -Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the flotation, which could happen before the end of this year, three people with knowledge of the matter said. MiniMax could raise …
Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say Read More »
