BEIJING (Reuters) – China Guoxin said it will buy 80 billion yuan ($11 billion) in stocks and ETFs, according to a company notice on Tuesday. The Chinese state holding company will increase stock holdings via a share buyback relending scheme, it said. ($1 = 7.3081 yuan) (Reporting by Samuel Shen; Writing by Liz Lee; Editing …
China Guoxin to buy $11 billion in stocks and ETFs Read More »
(Reuters) -Some customer information from Singapore’s DBS Group and Bank of China’s branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT). DBS said on Monday customer statements of around 8,200 clients were at risk, but their systems were not compromised and customer deposits and …
Singapore’s DBS, BoC customer data at risk after ransomware attack on vendor Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was not looking at a pause on tariffs to allow for negotiations with trading partners but said he would talk to China, Japan and other countries about the duties. Asked during a White House press availability with Israeli Prime Minister Benjamin Netanyahu if he …
Trump says not looking at tariff pause, will talk to China Read More »
By Dave Graham ZURICH (Reuters) – Market turmoil unleashed by U.S. trade tariffs has boosted the Swiss franc, piling pressure on the country’s export-oriented economy and potentially pushing the Swiss National Bank closer to negative interest rates with inflation near zero. Since U.S. President Donald Trump last week shocked world markets by announcing hefty import …
Tariff turmoil boosts Swiss franc, pressuring SNB to move closer to negative rates Read More »
(Reuters) – U.S. military shipbuilder Huntington Ingalls and South Korea’s HD Hyundai Heavy Industries have signed an agreement to explore opportunities to increase production in commercial and defense projects, the companies said on Monday. The companies signed a memorandum of understanding to look into areas of innovation and maximize production efficiency using their combined resources. …
Huntington Ingalls, HD Hyundai Heavy Industries sign MOU for shipbuilding collaboration Read More »
By Jessie Pang Hong Kong (Reuters) – Hong Kong’s government said on Monday that it would bolster support for small and medium sized companies to help weather the storm from U.S. President Donald Trump’s sweeping tariff plans which are set to deepen the pain for local exporting companies. Hong Kong, as an international trade hub, …
Hong Kong pledges measures to support companies in wake of tariffs Read More »
(Reuters) – German carmaker Mercedes-Benz said on Monday its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe. Deliveries fell to 529,200 cars and vans in the January-March period, compared with 568,400 units last year, while sales of battery electric vehicles dropped even more sharply by 10%, …
Mercedes-Benz Q1 deliveries fall 7% on weaker demand in China, Europe Read More »
BANGKOK (Reuters) – Thailand’s stock exchange said on Monday it would impose measures including lowering the ceiling and floor limit on stocks trading to 15% from 30%, and a ban on short-selling during April 8-11 to mitigate potential volatility. The Thai stock market is closed on Monday for a holiday and will resume trading on …
Thai stock market to lower ceiling, floor limits, ban short-selling this week Read More »
By Roger Tung and Faith Hung TAIPEI (Reuters) – Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs were announced last week, with Taiwan’s president taking to X to pledge a “golden age” of shared prosperity with the U.S. Taiwan, hit with a …
Taiwan stocks plummet in biggest one-day drop on record after US tariffs Read More »
By Samuel Shen and Tom Westbrook SHANGHAI (Reuters) -China intervened on Monday to support domestic stocks plunging on U.S. tariff woes, with a sovereign wealth fund increasing its holdings in equities and saying it would defend market stability. Central Huijin Investment, a unit of China Investment Corp, said in statement it has added China-listed shares …
China sovereign fund steps in to support stocks plunging on trade war Read More »
