SEOUL (Reuters) – South Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday. During his visit to Washington this week, Trade Minister Cheong In-kyo met U.S. Trade Representative Jamieson Greer, and stressed that South Korea should …
South Korea asks US for tariff exemption, trade ministry says Read More »
HANOI (Reuters) -Vietnamese and Americans firms have signed a series of deals on energy and minerals during a visit to the United States by Vietnam’s trade minister, state media and one of the firms said on Friday. Vietnamese companies are in talks with U.S. firms to buy American crude oil and LNG, said state-controlled PetroVietnam …
US, Vietnam firms sign deals on energy and minerals, state media reports Read More »
(Reuters) – DBS Group, Southeast Asia’s biggest bank, has raised $2 billion through a multi-tranche U.S. dollar senior bond issuance for general business purposes and to finance treasury activities, according to a term sheet seen by Reuters on Friday. The issuance consists of two floating rate notes, raising $1 billion and $500 million with three-year …
Singapore’s DBS raises $2 billion through US dollar bonds, term sheet shows Read More »
By Andrew Silver SHANGHAI (Reuters) -A European business lobby group urged China to take steps not to prioritise low prices over product safety in the country’s centralised drug procurement programme. The European Union Chamber of Commerce in China also questioned China’s recent investigation into quality concerns of off-patent medicines approved for the programme, calling it …
(Reuters) – China has been approaching the CEOs of top global companies about a meeting with President Xi Jinping later this month, the Financial Times reported on Friday. Authorities in Beijing have approached CEOs planning to attend the China Development Forum on March 23-24, with the potential meeting slated to take place on March 28, …
China approaches top global CEOs for potential meeting with Xi Jinping, FT reports Read More »
By Victoria Waldersee BERLIN (Reuters) -BMW said newly imposed trade tariffs could dent the carmaker’s earnings by 1 billion euros ($1.09 billion) this year, as escalating trade tensions between China, Europe and the U.S. take a mounting toll on global companies’ finances. The premium carmaker forecast an earnings margin for its cars segment of 5-7% …
BMW expects 1 billion euro hit to earnings from escalating tariffs Read More »
BRUSSELS (Reuters) – The European Parliament has banned Huawei lobbyists from entering its buildings, a spokesperson for the parliament said on Friday, as authorities probe suspected bribery that could have helped the Chinese tech giant. “On March 14 the parliament decided, as a precautionary measure, to suspend the access to parliament of representatives attached to …
European Parliament suspends access for lobbyists of China’s Huawei Read More »
By Kane Wu and Selena Li HONG KONG (Reuters) -Bank of America has cut 16 bankers from its investment banking department in Hong Kong as part of global cuts to its dealmaking workforce, three sources with knowledge of the matter told Reuters on Friday. The reductions mainly targeted junior positions, said the sources, who asked …
Bank of America cuts 16 investment bankers in Hong Kong in global trim, sources say Read More »
(Reuters) – Country Garden Services, the property services arm of China’s Country Garden, on Friday forecast a higher full-year profit on the back of lower impairment charges. The property services arm expects a net profit attributable between 1.60 billion yuan ($221.03 million) and 2 billion yuan for fiscal 2024 ended December, compared with 292.3 million …
Property developer Country Garden’s unit forecasts higher annual earnings Read More »
By Wen-Yee Lee and Yimou Lee TAIPEI (Reuters) – Taiwan’s Foxconn,the world’s largest contract electronics maker, said on Friday that solid demand from its tech clients would drive strong revenue growth in the first quarter. The upbeat forecast contrasts with a cautious note struck by many other businesses, rattled by U.S. President Donald Trump’s tumultuous …
Electronics giant Foxconn forecasts strong Q1 revenue after profit miss Read More »
