By Giulio Piovaccari MILAN (Reuters) -Italy’s Pirelli said on Monday that the government’s “golden powers” in the company meant it was no longer controlled by China’s Sinochem, in a move that might make it easier for the tyre maker to expand in the United States. Pirelli’s Chinese and Italian shareholders have been at odds over …
Pirelli asserts independence from China’s Sinochem as it seeks US expansion Read More »
WASHINGTON (Reuters) -The policy chief of Japan’s ruling Liberal Democratic Party on Monday called on U.S. President Donald Trump to reconsider his plans for reciprocal tariffs, saying they could negatively impact Indo-Pacific security. Former defense minister Itsunori Onodera said Tokyo was particularly concerned by the effect in Southeast Asia, shown by the current visit there …
Japan policy chief warns of Trump tariff impact on Asian security Read More »
By Donny Kwok and Selena Li HONG KONG (Reuters) – Ant Group, an affiliate of China’s e-commerce giant Alibaba Group, is buying a $362 million controlling stake in Bright Smart Securities & Commodities Group, marking its first acquisition of a securities brokerage licence. Ant agreed to buy a 50.55% stake in Bright Smart for HK$2.81 …
China’s Ant Group enters brokerage business with $362 million Bright Smart buy Read More »
MOSCOW (Reuters) -India increased purchases of ESPO Blend oil from Russia in April to the highest level since August 2024 amid weaker demand from Chinese companies, according to LSEG and traders’ data. ESPO Blend is Russia’s flagship light crude oil grade loading from Kozmino port to Asian markets and most favoured by Chinese refiners. In …
India boosts buying of Russia’s ESPO oil in April as Chinese demand eases Read More »
BEIJING (Reuters) -China’s State Council has approved the construction of 10 new nuclear generating units, according to a report from government-backed media The Paper late on Sunday, which estimated the total outlay at 200 billion yuan ($27.44 billion). That continues the pace of expansion of the past few years, with 10-11 units having been approved …
China approves building of 10 new nuclear power units for $27 billion Read More »
BRUSSELS (Reuters) -The European Commission said on Monday it had imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices. The extra duties on Chinese mobile access equipment (MAE) will range from 20.6% to …
EU sets duties on Chinese construction machinery Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Pegatron, an important supplier to Apple and Dell, said on Monday that President Donald Trump’s tariffs were confusing U.S. customers and risked leading to shortages of consumer electronics in the United States. Washington’s on-again, off-again levies have created uncertainty for U.S. retailers and disrupted decisions on shipments, the electronics …
Trump tariffs risk US electronics shortages, Taiwan’s Pegatron says Read More »
SINGAPORE (Reuters) – Singapore has ordered Facebook parent Meta to block Singaporeans’ access to posts made by three foreigners accused of trying to influence a national election next month on racial and religious lines. The orders were issued after some posts deemed “intended to promote or prejudice the electoral success or standing of a political …
Singapore orders foreigners’ Facebook posts blocked under new election rules Read More »
By Chen Aizhu SINGAPORE (Reuters) -China’s Sinopec Corp’s first-quarter profit fell by 27.6% versus a year earlier, the company said on Monday, weighed down by lower oil prices and as its refining operations grappled with declining fuel sales and thin margins. Formally known as China Petroleum & Chemical Corp, Sinopec’s net income stood at 13.26 …
Sinopec’s quarterly net income falls 28% on slower fuel sales Read More »
(Reuters) -Hong Kong’s licensing authority said on Monday it had fined U.S.-based Interactive Brokers Group’s local unit HK$4.2 million ($541,453.42) for erroneously loaning its clients’ securities to other investors without valid authorization. The Securities and Futures Commission (SFC) said its investigation found that the failure happened between December 3, 2017 and October 23, 2020, under …
