TAIPEI (Reuters) – Taiwan’s first phase of tariff talks with the United States went “smoothly” and the government hopes to take this challenge as an opportunity to promote a new Taiwan-plus-the-United States layout for trade, President Lai Ching-te said on Monday. Major semiconductor producer Taiwan had been due to be hit with a 32% tariff …
First phase of US tariff talks ‘smooth’, Taiwan president says Read More »
(Reuters) -Italian billionaire Gianluigi Aponte’s family-run business is emerging as the lead investor of a group seeking to buy 43 ports from conglomerate CK Hutchison, Bloomberg News reported on Monday, citing people familiar with the matter. The Aponte family’s Terminal Investment Ltd (TIL), which manages a diverse portfolio of container terminals according to its website, …
Italian tycoon emerges as lead investor for CK Hutchison ports, Bloomberg News reports Read More »
TAIPEI/SHANGHAI (Reuters) -Shares in Asian tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China. Shares in Foxconn, Apple’s largest iPhone assembler, rose as much as 7.8% before trimming gains to …
Asian tech stocks bounce back after Trump tariff exemptions Read More »
By Aaditya GovindRao and Yantoultra Ngui (Reuters) -Singapore-based food and agri-business conglomerate Olam Group said on Monday it would invest $500 million in its food ingredients unit and sell its other businesses and assets over time. The commodity trader, which counts state investment company Temasek as its largest shareholder, also said it plans to allocate …
Olam to focus on food ingredients business, sell the rest Read More »
BEIJING (Reuters) -China’s coal imports fell 6% in March, hurt by high inventories at ports and weak domestic demand that have pushed spot prices down to four-year lows. Imports for the month were 38.73 million metric tons, down from 41.38 million tons in March 2024, according to the General Administration of Customs. That was the …
China’s March coal imports sink 6% as domestic prices slide Read More »
BEIJING (Reuters) – China’s imports of crude oil rose in March from a year earlier, while those of soybeans, coal, iron ore and unwrought copper dropped, customs data showed on Monday. China’s exports rose sharply in March after factories rushed out shipments before the latest U.S. tariffs took effect, but an escalating Sino-U.S. trade war …
Instant View: China’s March imports of soybeans, iron ore drop; crude oil rises Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports in March rebounded sharply from the previous two months and were up nearly 5% from a year earlier, data showed on Monday, boosted by a surge in Iranian oil and a rebound in Russian oil deliveries. March imports totalled 51.41 million metric tons, according to …
China’s crude oil imports highest since August 2023 on Iranian surge Read More »
BEIJING (Reuters) -New bank loans in China rebounded more than expected in March, recovering from a sharp drop the previous month, as policymakers pledge to ramp up stimulus to buttress the world’s second-largest economy against an escalating trade war with the United States. Chinese banks extended 3.64 trillion yuan ($500 billion) in new yuan loans …
China March bank lending beats expectations, more stimulus expected Read More »
By Ben Blanchard and Wen-Yee Lee TAIPEI (Reuters) – TSMC, the main global producer of advanced chips used in artificial intelligence applications, is set to report a 54% leap in first-quarter profit on Thursday, though is also likely to flag risk from trade policies of U.S. President Donald Trump. The world’s largest contract chipmaker, whose …
TSMC first-quarter profit likely soared but Trump policies cloud outlook Read More »
HANOI (Reuters) -Vietnam has told firms to tighten controls on the origins of goods and materials and to tackle fraud, according to a ministry document that was seen by Reuters, as the country tries to avoid being hit with a 46% tariff rate by the Trump administration. The ministry also told firms to diversify their …
Vietnam tells firms to tighten control on origins of goods and materials Read More »
