DUBAI (Reuters) -Azerbaijan’s Silk Way West airlines signed a firm contract for two additional A350F freighters, Airbus said in a statement on Wednesday. The agreement takes the total order to four A350Fs, the statement added, without specifying the financial details. (Reporting by Tim Hepher, Writing by Ahmed Elimam)
SEOUL (Reuters) -South Korea plans to unveil incentives for long-term stock investors, while making efforts to ensure foreign exchange stability, its finance minister said on Wednesday. Since taking office in June, the administration of President Lee Jae Myung has vowed various reforms to boost the domestic stock market, driving a rally in the benchmark index …
South Korea readies incentives for long-term stock investment, FX stability Read More »
By Joseph Campbell and John Geddie TOKYO (Reuters) -Within days of China urging its citizens not to travel to Japan due to a diplomatic dispute, Tokyo-based tour operator East Japan International Travel Service had lost 80% of its bookings for the remainder of the year. The small firm, which specialises in group tours largely for …
Japan counts cost of China’s travel boycott as tensions flare Read More »
SHANGHAI (Reuters) -China is expected to leave benchmark lending rates unchanged for a sixth consecutive month in November, a Reuters survey showed, after the central bank signalled less urgency for additional monetary stimulus. The loan prime rate (LPR), normally charged to banks’ top clients, is calculated each month after 20 designated commercial banks submit propose …
China expected to keep rates steady for sixth month as PBOC turns less dovish Read More »
KUALA LUMPUR (Reuters) -Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than $1 billion from illegal power usage by cryptocurrency miners between 2020 and August this year, the energy ministry said. TNB found that 13,827 premises had illegally used power to mine cryptocurrency over the period, the energy and water …
Malaysia’s Tenaga Nasional incurs losses of more than $1 billion from crypto power theft Read More »
By Phuong Nguyen and Yantoultra Ngui HANOI/SINGAPORE (Reuters) -Vietnam-founded biotechnology firm Gene Solutions plans to raise $100 million through a pre-IPO round and a potential listing as soon as 2026, capitalising on growing demand for genetic diagnostics and a regional revival in initial public listings, the company and its lead investor Mekong Capital said. The …
Vietnam’s Gene Solutions seeks $100 million from pre-IPO and 2026 listing Read More »
SINGAPORE (Reuters) -Google DeepMind said on Wednesday it is opening a new artificial intelligence research lab in Singapore that will focus on collaboration with governments, businesses, and academic institutions across Asia. The AI unit owned by Alphabet said it had doubled its Asia-based team over the past year and already begun hiring for the lab. Google …
Google DeepMind to open new AI research lab in Singapore Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -UltraGreen.ai Ltd, a medical imaging and fluorescence-guided surgery company, is aiming to raise about $400 million in a Singapore initial public offering at $1.45 per share, according to a term sheet reviewed by Reuters on Wednesday. The company, which develops fluorescence-guided surgery technology and supplies indocyanine green (ICG) dyes, plans …
UltraGreen.ai aims to raise $400 million in Singapore IPO, term sheet shows Read More »
SEOUL (Reuters) -South Korea has agreed to work with the United Arab Emirates on the U.S.-backed Stargate project to build a massive new artificial intelligence data campus in the Gulf country, Seoul said on Tuesday. South Korea said it will help build computing power and energy infrastructure for the world’s largest set of AI data …
South Korea agrees to join UAE’s Stargate AI data centre project Read More »
SEOUL (Reuters) -South Korean pharmaceutical company Celltrion said on Wednesday that it plans to invest up to 700 billion Korean won ($478.17 million) to expand capacity at its U.S. factory in response to U.S. tariffs and rising demand. ($1 = 1,463.9000 won) (Reporting by Hyunjoo JinEditing by Ed Davies)
