SEOUL (Reuters) – South Korea will launch a special probe into violations of the free trade pact with the United States regarding country of origin markings, the Korea Customs Service (KCS) said on Tuesday, ahead of U.S. President Donald Trump’s tariffs. South Korea is among 20 countries worldwide, and one of only three in the …
South Korea to probe ‘made in Korea’ violations ahead of US tariffs Read More »
By Antoni Slodkowski and Liz Lee BEIJING (Reuters) -Chinese authorities have released all employees of a U.S. corporate due diligence firm detained in Beijing two years ago in an apparent move to reassure foreign firms operating in China amid sliding foreign investment in the world’s No.2 economy. The detained Beijing employees at Mintz Group, all …
China frees Mintz staff in move to soothe foreign sentiment Read More »
BOAO (Reuters) – Asia’s weighted real GDP growth rate is projected to reach 4.5% this year, according to the Boao Forum annual report. Boao Forum, an international summit seen as Asia’s answer to Davos, is being held in China’s Hainan province from Tuesday through Friday. (Reporting by Kevin Yao; Writing by Liz Lee; Editing by …
Asia’s weighted real GDP growth rate projected to reach 4.5% in 2025, report says Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group’s incoming CEO Tan Su Shan is open to “bolt-on” acquisitions, and will focus on boosting the Singaporean lender’s high-return businesses such as wealth and transaction banking. Tan, 57 and currently deputy CEO, will become DBS’ first female CEO and also the first to be appointed from within the …
By Steve Holland, David Shepardson and Heekyong Yang WASHINGTON/SEOUL (Reuters) – South Korea’s Hyundai Motor Group announced a $21 billion investment in the United States with President Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons …
Hyundai, Trump announce $21 billion US investment, new steel plant Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Nasdaq notches third-biggest rise this year The last full trading week of the quarter got off to a roaring start across most major stock markets on Monday, with investors buoyed by reports that the Trump administration’s tariff blitz scheduled for April 2 may not be as …
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela. Price gains were capped, however, as the U.S. gave oil producer Chevron until May 27 to wind down its oil operations and exports …
Oil rises 1% as Trump plans tariff on countries that buy Venezuelan oil, gas Read More »
LONDON (Reuters) – HSBC is considering outsourcing some of its fixed income trading order flow to a third-party firm, Bloomberg News reported on Monday, citing sources familiar with the matter. The bank would continue to deal with its customers but would outsource some of the background processes such as technology, analytics and order execution, the …
HSBC mulls outsourcing some fixed income trading, Bloomberg News reports Read More »
BEIJING (Reuters) -Chinese electric vehicle maker BYD’s net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals. Fourth-quarter revenue was up 52.7% at 274.9 billion yuan, the company said in a stock …
Chinese EV giant BYD’s fourth-quarter profit leaps 73% Read More »
By Stefanno Sulaiman and Stanley Widianto JAKARTA (Reuters) – New sovereign fund Danantara Indonesia unveiled on Monday what it called a “dream team” to chart its strategy, including ex-presidents as well as advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and former Thai premier Thaksin Shinawatra. Danantara, launched last month, is Indonesian …
