By Yuka Obayashi TOKYO (Reuters) -The U.S. government’s ownership of a golden share in U.S. Steel will not block Nippon Steel from taking any management action that it deems appropriate, the Japanese steelmaker’s CEO said on Thursday. Eiji Hashimoto spoke at a press conference in Tokyo a day after Japan’s top steelmaker closed its $14.9 …
Nippon Steel CEO sees no risk to management plans from US golden share Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday extended to September 17 a deadline for China-based ByteDance to divest the U.S. assets of short-video app TikTok despite a law that mandated a sale or shutdown without significant progress. Trump signed an executive order pushing back Thursday’s deadline for 90 days, a step …
Trump extends deadline for US TikTok sale to September Read More »
KUALA LUMPUR (Reuters) -Malaysia’s communications regulator said on Thursday it has obtained a temporary court order against messaging service Telegram and two channels on the platform for allegedly disseminating content that violates the country’s law. The Malaysian Communications and Multimedia Commission said it sought the court order against Telegram following the platform’s “serious failure to …
(Reuters) -The number of Chinese small and medium-sized businesses opening bank accounts with Russia’s largest lender Sberbank has risen by 50% in the past year, Sberbank’s First Deputy CEO Alexander Vedyakhin said on Thursday. Trade between Russia and China has soared since Western countries shunned Moscow over the conflict in Ukraine, surging to a record …
Russia’s Sberbank sees 50% increase in Chinese businesses opening accounts in past year Read More »
By Ankur Banerjee and Lucy Raitano LONDON (Reuters) -The dollar edged up on Thursday as the threat of a broader Middle East conflict loomed over markets, while a raft of rate decisions in Europe highlighted the difficulty central bankers have in dealing with heightened uncertainty. Rapidly rising geopolitical tensions have boosted the dollar, which has …
Dollar holds steady as Middle East keeps investors jittery Read More »
By Ariba Shahid ISLAMABAD (Reuters) -In its efforts to sell its struggling national airline, Pakistan has received expressions of interest from five parties, including business groups and a military-backed firm, the Privatisation Ministry said on Thursday. The bids were submitted ahead of a June 19 deadline to acquire up to 100% of Pakistan International Airlines, …
BEIJING (Reuters) -A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city regulator said on Thursday. The win for a 50-year lease to …
Xiaomi unit wins land tender in Beijing for EV manufacturing Read More »
By Liang-sa Loh and Faith Hung TAIPEI (Reuters) -Taiwan’s central bank kept its policy rate unchanged on Thursday, citing the island’s robust tech-driven economy and moderating inflation, while signalling there was no need for a rate cut this year. Taiwan’s export-dependent economy has been performing well due to strong demand for artificial intelligence (AI) applications, …
Taiwan central bank stands pat, signals no rate cut this year Read More »
By Scott Murdoch and Kane Wu SYDNEY (Reuters) -Insurer FWD Group plans to launch its Hong Kong initial public offering (IPO) to raise about $500 million as early as next week, said two sources with direct knowledge of the matter. FWD declined to comment on the deal and the sources could not be named as …
Insurer FWD Group could launch $500 million Hong Kong IPO next week, sources say Read More »
By Patturaja Murugaboopathy (Reuters) -Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from U.S. tariffs, elevated market volatility and higher interest rates that have raised funding costs and made listings less appealing for issuers. According to LSEG data, as of June 17, global IPO volume has declined about 9.3% year-on-year …
Global IPO activity slumps in 2025 as tariffs, volatility weigh Read More »
