Reuters Asia Business

BEIJING (Reuters) -UBS has received regulatory approval to fully own Beijing-headquartered UBS Securities, the Swiss bank said on Friday, completing a key step in its consolidation of business operations in China after its merger with Credit Suisse. With approval from the China Securities Regulatory Commission, UBS will acquire an additional 33% stake in the brokerage …

UBS gets regulatory approval to fully own China securities joint venture Read More »

By Devjyot Ghoshal and Panu Wongcha-um BANGKOK (Reuters) -Myanmar’s junta chief Min Aung Hlaing will join a regional leaders’ summit in Thailand next week where he is seeking high-level bilateral meetings, three sources with direct knowledge told Reuters, in a rare visit to a Southeast Asian country since seizing power in coup that led to …

Myanmar junta chief to join BIMSTEC leaders’ summit in rare trip abroad Read More »

By Ziyi Tang, Selena Li and Engen Tham BEIJING/SHANGHAI (Reuters) -The Industrial and Commercial Bank of China (ICBC), the world’s largest lender, and China Construction Bank (CCB), the nation’s third largest bank by assets, posted flat annual profits and lower margins on Friday, as a slowing economy and a struggling property sector weigh on earnings.  …

Top Chinese banks’ profits stagnate, margins shrink as economy weighs Read More »

By Ruma Paul DHAKA (Reuters) -Chinese President Xi Jinping has told Bangladesh’s interim leader Muhammad Yunus that Beijing would consider requests to lower interest rates on Chinese loans to Dhaka, Yunus’ press chief said on Friday. Yunus was in China on his first bilateral state visit since assuming office last year. He has yet to …

Bangladesh says Xi Jinping would consider lowering interest on Chinese loans Read More »

By Devjyot Ghoshal, Poppy McPherson, Amy Lv, Neha Arora BANGKOK (Reuters) -When armed rebels seized northern Myanmar’s rare-earths mining belt in October, they dealt a blow to the country’s embattled military junta – and wrested control of a key global resource.  By capturing sites that produce roughly half of the world’s heavy rare earths, the …

Myanmar rebels disrupt China rare earth trade, sparking regional scramble Read More »

By Joe Cash and Casey Hall BEIJING (Reuters) -China’s President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms’ concerns over the Chinese economy’s health amid threats of more U.S. tariffs. Beijing is battling to dispel fears that a renewed …

China’s Xi urges global CEOs to protect trade as Trump tariffs loom Read More »

BEIJING (Reuters) -One of China’s largest server makers, H3C, has flagged potential shortages of Nvidia’s H20 chip, the most advanced AI processor legally available domestically under U.S. export controls, in a client notice seen by Reuters. The potential supply crunch could create obstacles for China’s artificial intelligence ambitions at a time when its tech firms …

Exclusive-China’s H3C warns of Nvidia AI chip shortage amid surging demand Read More »