WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday that a deal between U.S. Steel and Nippon Steel could be a part of tariff negotiations with Japan, but added he doubted it would be. “If Nippon wants to come in here, they’re working on it very hard. I have great respect for Nippon,” he …
Trump says he doubts U.S. Steel-Nippon deal will be part of trade talks with Japan Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Trump is Fed up If Federal Reserve Chair Jerome Powell was cautious and mildly hawkish in his outlook for U.S. monetary policy on Wednesday, European Central Bank President Christine Lagarde was bold and …
SHANGHAI (Reuters) -China is banning automakers from using the terms “smart driving” and “autonomous driving” when they advertise driving assistance features, and will tighten rules around such technology upgrades, the government told industry representatives, according to a transcript of a meeting. The mandate on vehicle advertising was delivered by the Ministry of Industry and Information …
China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads Read More »
By Ateev Bhandari (Reuters) – Chinese tea chain Chagee secured a valuation of $6.2 billion after its shares gained 21% in their Nasdaq debut on Thursday, defying volatility stemming from the United States’ trade war with Beijing. The company’s American depositary shares opened at $33.75 apiece, compared with the initial public offering price of $28. …
Chinese tea chain Chagee valued at $6.2 billion as shares pop in Nasdaq debut Read More »
(Reuters) -Property developer Sunac said on Thursday it had reached an agreement with key creditors on an offshore debt restructuring plan, becoming the only Chinese developer to pursue a second such overhaul. The scope of the restructuring includes offshore debts issued or guaranteed by the company, with debt claims of about $9.55 billion as of …
China’s Sunac reaches second debt restructuring deal with some major creditors Read More »
By Asif Shahzad ISLAMABAD (Reuters) – The Pakistani government will seek expressions of interest next week for the sale of Pakistan International Airlines, the privatisation ministry said on Thursday, days after it reported its first annual profit in over two decades. Pakistan has been seeking to sell a 51-100% stake in the debt-ridden carrier, to …
Pakistan to seek bids to sell national airline next week Read More »
By Siyi Liu SINGAPORE/MOSCOW (Reuters) – Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according to traders and data from Vortexa. The Arctic oil business accounts for a tenth …
Russian Arctic oil exports to China jump helped by STS transfers, sources say Read More »
By Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI (Reuters) – The world’s largest contract chip maker, TSMC, gave a bullish outlook for the year on robust demand for AI applications, adding that it had yet to see any change in customer behaviour, despite uncertainty over U.S. tariffs. The Taiwan company, a bellwether for the …
TSMC upbeat on outlook as robust AI demand offsets tariff uncertainty Read More »
SINGAPORE (Reuters) – The CEO of Singapore’s biggest bank, DBS Group, Tan Su Shan, said on Thursday that businesses have to brace for heightened volatility and uncertainty triggered by U.S. President Donald Trump’s tariffs, and transform how they operate. Tan took over as CEO of DBS – also Southeast Asia’s biggest bank by assets – …
CEO of Singapore’s DBS tells businesses to ‘buckle up’ for tariff uncertainty Read More »
(Reuters) – Volkswagen’s CARIZON, a joint venture between its software subsidiary Cariad and China’s Horizon Robotics, has developed the carmaker’s first in-house automated driving system, it said on Thursday. As carmakers race to provide advanced assisted driving features in China’s highly competitive and software-driven market, Volkswagen will present the technology at next week’s Shanghai Auto …
Volkswagen to present in-house automated driving system for China Read More »
