Reuters Asia Business

WASHINGTON (Reuters) -Microsoft does not allow its employees to use an artificial intelligence app developed by Chinese AI startup Deepseek, due to concerns related to data vulnerability as well as Chinese propaganda, President Brad Smith said on Thursday. Speaking at a Senate hearing on winning the AI race with China, Smith said the company also …

Microsoft doesn’t allow its employees to use China’s Deepseek-President Read More »

LONDON (Reuters) – The inflow into physically backed gold exchange-traded funds in April was the largest since March, 2022, with China-listed funds leading the move due to the country’s trade war with the U.S., data from the World Gold Council showed on Thursday. The inflow intensified in April when the world’s two largest economies exchanged …

China-led funds spur largest monthly inflow into gold ETFs in three years Read More »

MOSCOW (Reuters) -Russian state development bank VEB plans to provide around 3.5 trillion roubles ($42.74 billion) in funding for joint projects with Chinese businesses, VEB head Igor Shuvalov said on Thursday as the two countries’ leaders held talks in Moscow. China is Russia’s biggest trading partner and increased trade between the two countries has thrown …

Russia’s VEB development bank plans $42 billion in funding for projects with China, chairman says Read More »

(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April. It has created a so-called “whitelist” of U.S.-made products that would be exempted from its tariffs, two people familiar with the matter told Reuters, …

Factbox-China exempts some US imports from tariffs Read More »

By Siyi Liu, Trixie Yap and Chen Aizhu SINGAPORE (Reuters) -Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington’s stepped-up pressure is inflicting on Tehran’s biggest …

Exclusive-US sanctions on China refiners over Iran oil disrupt operations, sources say Read More »

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – JFE Holdings, parent of Japan’s second-biggest steel maker, said on Thursday it will invest 400 billion yen ($2.8 billion) overseas over the next three years to drive growth, while suspending a blast furnace in western Japan to cut costs. Under its new mid-term business strategy, JFE …

Japan’s JFE to boost overseas investments, but suspend blast furnace Read More »