HONG KONG (Reuters) – Chinese tea chain Chagee has received approval from Beijing to list on Nasdaq in the U.S., adding to Chinese consumer brands that have been looking to raise funds offshore. Chagee completed a filing with the China Securities Regulatory Commission to float shares on the U.S. bourse, regulatory records showed on Thursday. …
Tea company Chagee gains Chinese approval to list in US Read More »
JAKARTA (Reuters) -The Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday. Indonesia banned exports of raw minerals in 2023 to encourage metals processing at home, but has made some exemptions, including to miner PT Freeport Indonesia, which was granted a …
Indonesia issues new rule allowing mineral exports in force majeure cases Read More »
BANGKOK (Reuters) – Thailand is seeking cooperation with India and Vietnam to find ways to tackle falling rice prices, the Thai commerce minister said on Thursday, amid simmering protests by local farmers calling for more support from the government. Thailand is in talks with both countries to reduce competition, hoping to create a balance in …
Thailand seeks cooperation with India, Vietnam to support falling rice prices Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Taiwanese chipmaker TSMC is expanding investment in the United States because of large U.S. customer demand, its CEO said on Thursday, adding that its production lines there are already fully booked for this year and the next two years. TSMC CEO C.C. Wei also said at a press conference held …
Chipmaker TSMC’s CEO says US investment driven by customer demand Read More »
HONG KONG (Reuters) -Shares of CK Hutchison rose 12.4% in Hong Kong on Thursday, extending the previous day’s 21.9% gain after the sale of its Panama Canal stake to BlackRock. The stock rose to as much as HK$52.95, the highest since May 11, 2023. That outpaced a 2.2% rise in the benchmark Hang Seng Index. …
CK Hutchison shares jump, extending gains on ports deal Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) – Alibaba Group’s release of an artificial intelligence (AI) reasoning model, which it said was on par with global hit DeepSeek’s R1, drove its Hong Kong-listed shares more than 8% higher on Thursday. In a post on X, the e-commerce leader’s AI unit said its QwQ-32B, with …
Alibaba’s AI reasoning model drives shares higher Read More »
By Rishav Chatterjee and Yantoultra Ngui (Reuters) -DBS Group paid outgoing CEO Piyush Gupta S$17.6 million ($13.22 million) for 2024, up 57% on year, as Singapore’s biggest bank reported record annual revenue and profit. DBS, Southeast Asia’s largest lender by assets, also has “momentum”, its incoming CEO Tan Su Shan said in the bank’s annual …
DBS outgoing CEO took record $13 million pay in 2024; successor sees momentum Read More »
By Himanshi Akhand (Reuters) – Investors maintained their short bets on most Asian currencies as they assessed the prospects of an escalating global trade war after U.S. President Donald Trump’s tariffs on major trading partners, a Reuters poll showed on Thursday. Bearish positions on the Malaysian ringgit, the South Korean won, Taiwan dollar and the …
Investors stay bearish on Asian currencies as trade war intensifies: Reuters poll Read More »
(Reuters) -China is considering removing a price limit for local governments buying unsold apartments, in a move to accelerate the clearance of millions of empty homes, Bloomberg News reported on Thursday, citing people familiar with the matter. The world’s second-largest economy is dealing with prolonged property sector crisis with home prices expected to drop at …
SINGAPORE (Reuters) – Global independent storage operator Vopak said on Thursday that it will expand its joint-venture terminal in Thailand to handle U.S. ethane imports for state energy firm PTT Global Chemical from 2029. Petrochemical firms across Asia, led by China, are planning to ramp up imports of cheaper ethane flowing from the U.S. shale …
Vopak to expand Thailand terminal for US ethane imports from 2029 Read More »
