Dec 1 – Texas Attorney General Ken Paxton said on Monday he is investigating Shein, to determine whether the Chinese fast fashion retailer violated state law related to unethical labor practices and the sale of unsafe consumer products. (Reporting by Jonathan Stempel in New York,Editing by Franklin Paul)
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO, Dec 2 (Reuters) – Nippon Steel sees the weak performance at its newly acquired U.S. Steel unit as temporary and remains committed to investing $11 billion to boost its profit contribution to around 250 billion yen ($1.6 billion) by 2028, an executive said. Japan’s biggest steelmaker …
Nippon Steel sees US Steel weak performance as temporary, executive says Read More »
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO, Dec 2 (Reuters) – Nippon Steel sees the weak performance at its newly acquired U.S. Steel unit as temporary and remains committed to investing $11 billion to boost its profit contribution to around 250 billion yen ($1.6 billion) by 2028, an executive said. Japan’s biggest steelmaker …
Nippon Steel sees US Steel weak performance as temporary, executive says Read More »
By Hari Kishan and Sam Holmes Dec 1 (Reuters) – Manufacturing was weak in the U.S., Europe and Asia’s biggest economies in November, business surveys showed on Monday, as subdued domestic demand and tariff uncertainties weighed. The United States, euro zone, China and Japan all saw manufacturing activity contract last month although there were bright …
Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties Read More »
DUBAI, Dec 1 (Reuters) – Saudi Arabia wants to bring in more Japanese companies as it looks to attract foreign investment to back its ambitious economic diversification plans, the governor of its sovereign wealth fund said on Monday. Saudi Arabia is preparing to shift its nearly $925 billion Public Investment Fund away from the real …
Saudi Arabia aims to draw in more Japanese investment, PIF governor says Read More »
By Yimou Lee, Fabian Hamacher and Ann Wang TAITUNG, Taiwan, Dec 1 (Reuters) – Flying over the blue waters off Taiwan’s east coast, a light aircraft equipped with a powerful U.S.-made radar slung under its belly tracks Chinese warships, collecting data its operator is keen to provide to Taipei’s security forces. Small Taiwanese operator Apex …
BEIJING, Dec 1 (Reuters) – Standard Chartered revised its forecast for China’s 2026 gross domestic product growth to 4.6% from 4.3%, citing the country’s resilient exports and continued gains in productivity, it said in a note released on Monday. China’s exports are expected to remain competitive, aided by reduced trade tensions with the United States …
Standard Chartered raises China 2026 GDP growth forecast to 4.6% Read More »
By Greg Torode HONG KONG, Dec 1 (Reuters) – Revenues at China’s giant military firms fell last year as corruption purges slowed arms contracts and procurement, according to a study released on Monday by a leading conflict think tank. The Chinese declines contrast with strong revenue growth globally for big arms and military-services companies, fuelled …
China’s military firms struggle as corruption purge bites, report says Read More »
By Liam Mo and Brenda Goh BEIJING, Dec 1 (Reuters) – Chinese tech giant ByteDance said on Monday it is launching an artificial intelligence voice control tool that will debut on a smartphone made by ZTE Corp, before becoming available on phones from other manufacturers in due course. The AI assistant, powered by ByteDance’s popular …
ByteDance rolls out AI voice assistant for Chinese smartphones Read More »
BANGKOK, Dec 1 (Reuters) – Thailand’s central bank is planning measures to ease the upward pressure on the baht, including having banks tighten their controls on gold-related foreign exchange transactions and requiring major gold traders to supply their transaction data. The baht has strengthened by 7% against the dollar so far this year to be …
Thai central bank planning measures to ease strong baht, sees room for rate cuts Read More »
