By Colleen Howe BEIJING (Reuters) -China Petroleum & Chemical Corp, known as Sinopec, reported a 16.8% decline in 2024 net profit, citing lower crude oil prices and the accelerated development of the new energy vehicle (NEV) industry. Sinopec’s Hong Kong-listed shares were down 3.3% around 10:40 a.m. local time on Monday after falling as far …
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs Read More »
By Rajendra Jadhav and Ashitha Shivaprasad MUMBAI (Reuters) – As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins. If the rush to sell continues, it could ultimately lead to lower imports into …
After the gold rush: Asian, Mid-East sellers flood jewellery market Read More »
(Reuters) -Malaysia plans to tighten regulations on semiconductors as it comes under U.S. pressure to staunch the flow to China of chips crucial to the development of artificial intelligence, the Financial Times reported on Sunday. Trade Minister Zafrul Aziz said that the U.S. government was demanding Malaysia closely track the movement of high-end Nvidia chips …
Malaysia to tighten semiconductor regulations under US pressure, FT reports Read More »
(This March 21 story has been corrected to fix the company name to Envision Group-backed AESC from Envision AESC, in paragraph 10) SHANGHAI (Reuters) – China’s embassy in Spain said Stellantis and its Chinese partner Leapmotor plan a $200 million investment in a Spanish factory after a person with direct knowledge of the matter said …
Stellantis, Leapmotor favour Spain for production of B10 EV, source says Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s meeting last week passed with no surprises, but for a careful BOJ watcher its message on the need to remain vigilant on food-driven inflationary pressures had an important takeaway: Rates could be raised sooner than expected. As with many other central banks, the Trump administration’s …
By Laurie Chen BEIJING (Reuters) -Chinese Premier Li Qiang urged countries to open their markets to combat “rising instability and uncertainty” at a business forum in Beijing on Sunday, as China braces for further U.S. tariffs. “In today’s increasingly fragmented world with rising instability and uncertainty, it is more necessary for countries to open up …
Chinese premier warns of ‘rising instability’ at key business forum Read More »
By Yelin Mo and Andrew Silver SHANGHAI (Reuters) – Chinese tech giant Tencent on Friday night launched the official version of its T1 reasoning model, stepping up competition in China’s increasingly crowded artificial intelligence sector. The upgraded T1 model offers faster response times and enhanced capabilities for processing extended text documents, the company said in …
Tencent launches T1 reasoning model amid growing AI competition in China Read More »
By Trevor Hunnicutt, Jarrett Renshaw and David Lawder WASHINGTON (Reuters) -Donald Trump’s top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war. Talks between the world’s biggest economies would occur just days before the long-threatened April 2 unveiling of fresh …
US trade chief to speak with Chinese counterpart as tariff rift widens Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Late push lifts Nasdaq to first gain in 5 weeks Many of the world’s major central banks sent a strong message this week that the uncertainty caused by U.S. President Donald Trump’s trade wars is weighing on growth, stoking inflation, and dramatically reducing visibility on the …
Trading Day: Consolidating while awaiting tariff clarity Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said on Friday it is investigating nine Chinese companies including Huawei Technologies, ZTE, Hangzhou Hikvision, China Mobile, China Telecom and others to determine if they are seeking to evade U.S. restrictions. The Chinese companies have all been placed on the FCC’s “Covered List” that deems specific …
FCC probing if Chinese tech, telecom firms seeking to evade US restrictions Read More »
