SEOUL (Reuters) – Shares of South Korean steelmakers dropped on Monday, after U.S. President Donald Trump said he would introduce new tariffs. POSCO Holdings shares fell as much as 3.6% to 230,500 won, the lowest since October 2022, while shares of Hyundai Steel fell as much as 2.9% to the lowest on record. Trump said …
Shares of South Korean steelmakers drop as Trump talks tariffs Read More »
(Reuters) -Shares of Australia’s Star Entertainment Group rose on Monday after the embattled casino operator said it received separate offers from its Hong Kong-based investors to acquire a 50% interest in its Destination Brisbane Joint Venture. The Brisbane-headquartered firm’s stock was up 9.1% at A$0.12, as of 2317 GMT, and was the top gainer on …
Australia’s Star Entertainment rises on bids for its Brisbane joint venture Read More »
BEIJING (Reuters) -China’s consumer inflation accelerated to its fastest in five months in January while producer price deflation persisted, reflecting mixed consumer spending and weak factory activity. Deflationary pressures are likely to persist in China this year, analysts say, unless policymakers can rekindle sluggish domestic demand, with tariffs by U.S. President Donald Trump on Chinese …
China’s consumer inflation at 5-month high, producer deflation persists Read More »
BEIJING (Reuters) – Chinese automaker Great Wall Motor and China’s leading telecoms providers are integrating the AI model released by DeepSeek into their offerings, the latest Chinese companies looking to capitalize on the start-up’s breakthrough and attention. Hebei-based Great Wall – China’s first listed car maker – confirmed to Reuters it had integrated DeepSeek into …
Amid DeepSeek frenzy, Chinese companies detail use of AI Read More »
BEIJING (Reuters) – China’s top economic planning agency said on Sunday it was taking steps to scale back subsidies for renewable energy projects after a boom in solar and wind power installations. China broke its own records for new solar installations in 2024 with installed capacity up 45% from the previous year. China now has …
China to roll back clean power subsidies after boom Read More »
(Reuters) -Singapore-listed petroleum explorer Interra Resources said on Thursday a production-sharing contract between its subsidiary and an entity controlled by the Myanmar government was extended years before the military seized power in 2021. The statement was in response to a query by the Singapore Exchange a week after activist group Justice for Myanmar alleged in …
Interra says oil contract with Myanmar was signed before junta seized power Read More »
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba expressed optimism on Sunday that his country could avoid higher U.S. tariffs, saying President Donald Trump had “recognised” Japan’s huge investment in the U.S. and the American jobs that it creates. At his first White House summit on Friday, Ishiba told public broadcaster NHK, he explained to …
Japan PM Ishiba, after meeting Trump, voices optimism over averting tariffs Read More »
CAIRO (Reuters) – Abu Dhabi sovereign wealth fund ADQ and Vietnam’s State Capital Investment Corp, a strategic investment arm of the government, said on Saturday they had signed an agreement to explore investment opportunities in the Southeast Asian country. (Reporting by Federico Maccioni and Jaidaa Taha; Editing by William Mallatdx)
By Kanishka Singh and Jasper Ward WASHINGTON (Reuters) -TikTok said on Friday it was allowing U.S. Android users to download and connect to the short video app through package kits on its website, in an effort to circumvent restrictions on the popular platform in the country. Apple and Google have not reinstated TikTok to their …
TikTok to let US Android users download app via kits on its website Read More »
By Balazs Koranyi and John Revill FRANKFURT/ZURICH (Reuters) – Central banks around the globe have plenty of room to keep cutting interest rates, and a limited “decoupling” from the U.S. Federal Reserve could continue as it pauses its own policy easing, according to policymakers and analysts. Such a parting of the ways could cause problems …
Analysis-Leaving Fed behind, top central banks have room to ease Read More »
