(Reuters) – Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Trade and Deputy Prime Minister Gan Kim Yong. Gan had a call with U.S. Secretary of Commerce Howard Lutnick on Friday and Lutnick expressed concern about export controls …
Singapore negotiating for US concessions on pharmaceuticals, chips Read More »
SHANGHAI (Reuters) -China’s gold consumption fell 5.96% year-on-year to 290.492 tons in the first quarter of 2025 as high gold prices continued to curb demand for gold jewellery, the China Gold Association said on Monday. The rise in gold prices has led to a shift in consumer behaviour, with traditional gold products such as gold …
China’s first-quarter gold consumption falls 6% to 290.492 metric tons Read More »
SEOUL (Reuters) -South Korea’s Democratic Party presidential candidate Lee Jae-myung pledged in a Facebook post on Monday to bring in a production tax credit of up to 10% for semiconductors manufactured and sold domestically, if he is elected. Lee is the frontrunner in opinion polls to win the June 3 election, and his pledge echoes …
South Korea presidential candidate Lee Jae-myung pledges chip tax credit Read More »
By Scott Murdoch SYDNEY (Reuters) -Two stock listings in Hong Kong launching on Monday and seeking to raise up to $270 million are showing that the region’s equity markets remain active even as trade tensions between the U.S. and China has slowed offerings elsewhere. The book building for the deals comes as global financial markets …
Hong Kong listings show market active as tariff turmoil slows other regions Read More »
By John Geddie, Yoshifumi Takemoto and Trevor Hunnicutt TOKYO/WASHINGTON (Reuters) -When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. One detail, seemingly unnoticed by those in the room, is that the gift was made in …
Japan is a test case for Trump’s tariff deals. But talks may be tortuous Read More »
By Leika Kihara WASHINGTON (Reuters) -Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials’ descriptions of the meeting suggests currencies and the Bank of Japan’s interest rate policy may remain key factors in broader trade negotiations. Speaking to reporters after his first …
Yen, BOJ’s rate policy may remain focus in Japan-US trade talks Read More »
(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant Nvidia, the Wall Street Journal reported on Sunday. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, the report …
China’s Huawei develops new AI chip, seeking to match Nvidia, WSJ reports Read More »
BEIJING (Reuters) -China said on Sunday it will improve tax refund policies for foreign tourists to boost inbound consumption, part of efforts to boost the economy as domestic demand remains tepid. China will promote the expansion of tax refund stores in shopping areas, scenic spots, airports and hotels, according to a statement released jointly by …
China issues tax refund policies for foreign tourists to boost inbound consumption Read More »
(Reuters) -Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the Nikkei newspaper reported on Sunday. The company is preparing to recruit sellers soon for its e-commerce arm TikTok Shop in Japan, Nikkei said, citing a source involved in the operations. TikTok did not immediately respond …
TikTok to enter Japan’s e-commerce industry, Nikkei reports Read More »
(Reuters) -Kuwait’s Petrochemical Industries Company, a subsidiary of state-owned Kuwait Petroleum Corporation, said on Saturday it has signed an agreement to acquire a 25% stake in China’s Wanhua Chemical Group. It did not disclose the value of the transaction, which it said was the largest Kuwaiti investment in China’s petrochemicals industry. Under the deal, Petrochemical …
Kuwait Petroleum subsidiary acquires 25% stake in China’s Wanhua Chemical Group Read More »
