By Scott Murdoch SYDNEY (Reuters) – South Korean steelmaker POSCO Holdings said on Tuesday it had raised $700 million in a two-tranche green bond that was heavily oversubscribed by investors. The company raised $400 million in a five-year bond and $300 million in a longer-dated 10-year bond, the company said. POSCO’s $700 million fund raising …
South Korea’s POSCO raises $700 million in green bonds Read More »
HONG KONG (Reuters) -HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the Chinese bank’s fundraising by private placement of shares. Four of China’s largest state-owned banks, including BOCOM, said …
HSBC sees up to $1.6 billion in loss on China bank stake reduction Read More »
MUMBAI (Reuters) -China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing’s ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. In tit-for-tat tariffs between the world’s two biggest economies, China and …
Beijing will not engage in market dumping, China’s ambassador to India says Read More »
BEIJING (Reuters) -Chinese airlines and Boeing have been severely affected by U.S.-imposed tariffs, China’s commerce ministry said on Tuesday, saying it hopes Washington will listen to companies’ concerns and create a stable trade environment. The statement is Beijing’s first comment on the impact of tariffs on the aviation industry since U.S. planemaker Boeing flew three …
Chinese airlines and Boeing severely hit by tariffs, Beijing says Read More »
SINGAPORE (Reuters) – Chinese firms are still building new coal-fired power plants in Indonesia despite a 2021 pledge to stop financing coal projects overseas, according to an analysis of energy investments in BRICS countries released on Tuesday. China is involved in constructing 7.7 gigawatts of new coal-fired power, mostly plants used to run nickel smelters …
China still backs overseas coal plants despite 2021 pledge, research shows Read More »
SEOUL (Reuters) – Europe’s aviation regulator needs between three and six years to certify Chinese planemaker COMAC’s C919 single-aisle commercial jet, the agency’s executive director told a French publication on Monday. The C919 – designed to compete with best-selling narrow-body models of dominant planemakers Airbus and Boeing – entered service in China in 2023 after …
European approval for China’s C919 plane needs 3-6 years, regulator says Read More »
TOKYO (Reuters) -Sony is considering a spinoff and listing of its semiconductor business as soon as this year, Bloomberg News reported, citing anonymous sources. The Japanese conglomerate may retain a minority stake in Sony Semiconductor Solutions after the spinoff, Bloomberg reported. “The article is based on speculation and there are no such specific plans,” a …
Sony considering chip unit spinoff, Bloomberg reports Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies. Megacaps Nvidia , off 2.1%, and Amazon , down 0.7%, were the primary drags on the …
S&P 500 ekes out slight gain with data, megacap earnings eyed Read More »
LONDON (Reuters) -People in emerging economies are more willing to trust AI than those in advanced economies and are more optimistic and excited about its benefits, a major survey by the University of Melbourne and professional services firm KPMG has found. The global study showed two-thirds of those surveyed were now using artificial intelligence regularly …
Emerging economies lead the way in AI trust, survey shows Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Glass half empty again The optimism that infused Asian and European markets on Monday evaporated as the global trading session progressed, with U.S. investors taking a ‘glass half empty’ view on the current …
