BEIJING (Reuters) – China’s commerce ministry on Thursday urged the United States to stop putting “extreme pressure” on the world’s second-largest economy and demanded respect in any trade talks, but the two sides remained at an impasse over who should start those talks. The Donald Trump administration has been ramping up pressure on China by …
China, US at impasse over who should start trade talks Read More »
By Ankur Banerjee SINGAPORE (Reuters) -Taiwan’s TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump’s fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit …
TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger Read More »
JAKARTA (Reuters) – Indonesia’s trade surplus is expected to have narrowed month-on-month in March due to a likely contraction in exports and higher imports amid the Eid-al Fitr festival when typically consumption rises, a Reuters poll showed on Thursday. The largest economy in Southeast Asia has been enjoying a monthly trade surplus since mid-2020, driven …
Indonesia’s trade surplus seen narrowing in March as exports contract: Reuters poll Read More »
(Reuters) – London-listed Fidelity Japan Trust said on Thursday that it has started a formal review to consider the group’s future and said that it expects a majority of its shareholders may not approve a proposal for it to continue as an investment firm. The group, which focuses on investments in Japan, had earlier this …
London-listed investment firm Fidelity Japan begins review of operations Read More »
(This April 16 story has been corrected to fix HashKey co-CEO’s comment in paragraph 26) SHANGHAI ((Reuters)) – China’s growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose of the hoard and spurring calls from courts and the financial industry for better regulation. Lawyers said the lack …
China debates how to handle criminal crypto cache Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s exports rose for a sixth straight month in March, data showed on Thursday, as the threat of sweeping U.S. tariffs drove Japanese companies to ramp up shipments while sparking concerns about the outlook of the country’s export-reliant economy. U.S. President Donald Trump on April 2 introduced a 25% tariff …
Japan’s exports expand in March as US tariffs feared to hit economy broadly Read More »
By Danial Azhar and Lisa Barrington KUALA LUMPUR (Reuters) -Malaysia Airlines’ parent company Malaysia Aviation Group reported a second consecutive annual profit in 2024, but it fell 93% from the previous year due to lower airfares and capacity cuts stemming from supply chain and maintenance issues. MAG, owned by Malaysian sovereign wealth fund Khazanah Nasional, …
Malaysia Airlines reports lower profit in 2024 amid operational challenges Read More »
BEIJING (Reuters) – Chinese tech giants Tencent and Douyin, TikTok’s sister app in China, have in the past two days launched programs to help Chinese exporters sell their goods domestically, amid an escalating U.S.-China trade war. Tencent said on Thursday its program aimed to create 100 billion yuan ($13.7 billion) in sales for China’s beleaguered …
Tech giants Tencent and Douyin to help China’s exporters pivot to domestic market Read More »
SEOUL (Reuters) – South Korea’s financial watchdog ordered on Thursday Hanwha Aerospace to submit another revision to its share issue plan, pushing back on the capital raising plans of the country’s largest defence contractor for a second time. The Financial Supervisory Service said in a stock exchange regulatory notice that Hanwha’s filing last week contained …
South Korea watchdog orders Hanwha Aerospace to resubmit share issue plan Read More »
By Fanny Potkin and Liam Mo SINGAPORE (Reuters) -Nvidia did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip, according to two sources familiar with the matter. The U.S. chipmaker disclosed …
