Reuters Asia Business

By Karen Freifeld (Reuters) -The U.S. House of Representatives committee on China on Tuesday sent a letter to the directors of the FBI and national intelligence, renewing its concerns about GenScript Biotechnology’s work with U.S. companies, given its ties to China. In the letter, which was seen by Reuters, committee chair John Moolenaar and ranking …

Exclusive-US lawmakers renew concerns about GenScript’s ties to China Read More »

By Krystal Hu NEW YORK (Reuters) -TikTok is preparing to launch a standalone app for U.S. users that is expected to operate on a separate algorithm and data system from its global app, laying the groundwork for a potential sale orchestrated by U.S. President Donald Trump, according to people familiar with the matter. Over the …

Exclusive-TikTok prepares US app with its own algorithm and user data Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red Sea, while U.S. copper tariffs loomed. Brent crude futures settled up 4 cents, or 0.06%, to $70.19 a barrel. U.S. West Texas Intermediate crude settled up 5 cents, or …

Oil steady on strong gasoline demand, Red Sea attacks while Trump tariffs loom Read More »

BEIJING (Reuters) -China’s market regulator held a symposium on fair competition on Wednesday, with eight companies including tech firm NetEase, carmaker Great Wall Motor and express delivery company S.F. Holding in attendance. Regulators will strengthen their fair competition review, enhance antitrust supervision and enforcement, and improve the efficiency of investment and M&A reviews, the State …

China’s market regulator holds symposium on fair competition Read More »

SEOUL (Reuters) -South Korea’s financial regulators and stock bourse operator have prepared measures to curb unfair trading practices, including illegal short-selling, after President Lee Jae Myung ordered a “one-strike out” policy for violators. A joint task force of the Financial Services Commission (FSC), the Financial Supervisory Service and the Korea Exchange will target stock price …

South Korea moves to curb unfair stock trading Read More »

By Sam Tabahriti LONDON (Reuters) -Britain secured a deal to unlock 7.5 billion pound ($10 billion) in investments with Japan’s Sumitomo Corp, funding clean energy infrastructure such as offshore wind and hydrogen projects over the next 10 years, the government said on Wednesday. Investment minister Poppy Gustafsson announced the deal during a trip to Japan, …

UK secures $10 billion clean energy investment deal with Japan’s Sumitomo Corp Read More »

By Ariba Shahid and Cynthia Kim KARACHI/SINGAPORE (Reuters) -Pakistan’s central bank is preparing to launch a pilot for a digital currency and is finalising legislation to regulate virtual assets, Governor Jameel Ahmad said on Wednesday, as the country ramped up efforts to modernise its financial system. Central banks globally are exploring the use of digital …

Pakistan central bank to launch pilot for digital currency, says governor Read More »