KUALA LUMPUR (Reuters) -Malaysia Prime Minister Anwar Ibrahim said on Monday that negotiations to improve a free-trade agreement between the ASEAN regional bloc and China will be finalised in the near future. Malaysia is chair of the 10-member Association of Southeast Asian Nations grouping this year. (Reporting by Danial Azhar; Editing by John Mair)
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) -Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India’s Reliance imported the same component in a similar manner for years, documents show. Samsung becomes the second …
Samsung fights $520 million India tax demand, points to Reliance practice Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with U.S. President Donald Trump’s tariffs rapidly narrowing the window for further increases in still-low borrowing costs. After the BOJ’s decision on Thursday to keep interest rates steady at …
BOJ sees window for rate hikes narrowing but not closed yet Read More »
HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not …
China’s Ant Group plans to list overseas unit in Hong Kong, report says Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Warren Buffett on Saturday gave a full-throated endorsement to the five Japanese trading houses in which his conglomerate Berkshire Hathaway has invested. Buffett spoke at Berkshire’s annual shareholder meeting in Omaha, Nebraska, 1-1/2 months after Berkshire said it raised its stakes in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo to …
Berkshire endorses Japanese trading houses, could hold them ‘forever’ Read More »
TAIPEI (Reuters) -Taiwan’s government said on Saturday that it had concluded its first round of “substantive” tariff talks with the United States, describing the atmosphere as frank and cordial. A semiconductor powerhouse that runs a large trade surplus with the U.S., Taiwan had been due to be hit with a 32% U.S. import tax until …
Taiwan says it has concluded first ‘substantive’ tariff talks with US Read More »
HONG KONG (Reuters) -Hong Kong’s de-facto central bank said it sold HK$46.54 billion ($6 billion) into the market on Saturday to prevent the local currency from strengthening beyond its official peg to the U.S. dollar, the first such intervention in more than four years. The Hong Kong dollar is pegged to a tight band between …
Hong Kong authority intervenes in market to check local currency’s rise Read More »
WASHINGTON/TOKYO (Reuters) -Top U.S. and Japanese officials agreed to start immediate working-level consultations after “frank and constructive” trade talks in Washington on Thursday, the U.S. Treasury Department said on Friday, but Japanese accounts were more downbeat. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer met with Japan’s Economic Revitalization …
US, Japanese officials to start trade consultations, Treasury says; Japan said skeptical Read More »
(Reuters) – Two Republican lawmakers have urged the U.S. Securities and Exchange Commission to delist Chinese companies, including Alibaba Group, that they say have military links that put U.S. national security at risk, the Financial Times reported on Friday. The chair of the House China committee, John Moolenaar, and the chair of the Senate committee …
US lawmakers urge SEC to delist Alibaba and Chinese companies, FT reports Read More »
(Reuters) -Top U.S. and Japanese officials agreed to immediately start working-level consultations to build upon trade-related discussions held in a meeting in Washington, the U.S. Treasury Department said on Friday. The meeting, which took place on Thursday, included U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer and Japan’s Economic …
Top US, Japan officials agree to advance trade talks in Washington meeting Read More »
