By Marcela Ayres, Bernardo Caram and Lisandra Paraguassu BRASILIA (Reuters) – Brazil’s BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could …
Brazil nixes BRICS currency, eyes less reliance on ‘mighty’ dollar Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday that Taiwan had taken semiconductor chip business away from the United States and that he wanted it back. (Reporting by Andrea Shalal; Writing by Ismail Shakil; editing by Costas Pitas)
MILAN (Reuters) -Revenue at Italian outerwear maker Moncler rose 8% at constant exchange rates in the fourth quarter, above analysts expectations, helped by double digit growth in mainland China for the eponymous brand and sales improvement at its Stone Island label. Full-year consolidated revenue rose 7% at constant exchange rates to 3.1 billion euros ($3.2 …
Moncler’s 2024 results beat expectations, helped by China Read More »
SHANGHAI (Reuters) – A U.S. district court has awarded Tencent nearly $85 million in compensation after finding that Taiwan-based TV box firm Unblock Tech and other distributors violated copyrights of video content developed by the Chinese tech giant. The case, brought by units Tencent Penguin Film, Tencent Computer System and Tencent Technology accused the defendants …
China’s Tencent wins video copyright infringement case in US district court Read More »
SINGAPORE (Reuters) – China started construction on 94.5 gigawatts of coal-fired power in 2024, the highest volume of new builds since 2015, hampering the country’s transition away from fossil fuels, researchers said in a report published on Thursday. The world’s biggest coal consumer and emitter of climate-warming greenhouse gases had vowed to “strictly control” coal …
China’s 2024 coal power construction hits 10-year high, researchers say Read More »
By Monica Machicao LA PAZ (Reuters) – A China-funded steel plant in Bolivia first planned half a century ago is set to start production this month with enough output to cover half the country’s needs, according to Bolivian officials. The $546-million Mutun plant was largely funded by the Export-Import Bank of China, and will be …
Bolivia set to start up China-funded steel plant Read More »
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast said on Thursday it delivered about 97,000 cars last year, nearly three times as many as in 2023, but sales were almost exclusively in its domestic market. The company said it planned to at least double global sales this year, buoyed by a large …
VinFast speeds up EV deliveries but struggles to sell outside Vietnam Read More »
By Milana Vinn NEW YORK (Reuters) – Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro, which has a market value of 1.32 trillion yen ($8.54 billion), according to people familiar with the matter. The buyout firms have expressed interest in taking Trend …
Exclusive-Buyout firms vie for cybersecurity firm Trend Micro, sources say Read More »
By Praveen Paramasivam CHENNAI (Reuters) – State officials will visit a Samsung factory in Tamil Nadu to end a dispute between the electronics maker and 500 workers holding a sit-in protest over the suspension of three employees, a state minister told Reuters on Thursday. In the second significant labour dispute in less than six months …
Indian state officials seek to solve worker dispute at Samsung plant Read More »
By Paul Sandle LONDON (Reuters) -Britain’s business secretary said a London listing set a “gold standard” in terms of environmental, labour and tax regulation, countering any risk of moral hazard, when asked about Chinese online retailer Shein’s intention to float. Jonathan Reynolds’ signal of support for the IPO came after London was dealt a blow …
A UK listing is ‘gold standard’ for regulation, minister says on Shein Read More »
