By David Lawder WASHINGTON (Reuters) – President Donald Trump has pushed into new trade law territory with an emergency sanctions law to justify punishing 25% tariffs on Canadian and Mexican imports and an extra 10% duty on Chinese goods to curb fentanyl and illegal immigration into the U.S. Trade and legal experts said the 1977 …
Trump stretches trade law boundaries with Canada, Mexico, China tariffs Read More »
(Reuters) – Construction chemicals maker Sika said on Monday that it has acquired Elmich Pte, a Singaporean construction firm and supplier of greening systems. The Swiss company added in a statement that this acquisition will help it expand in the Asia-Pacific region, without providing any figure for the transaction. (Reporting by Paolo Laudani, Editing by …
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases. The Seoul High Court upheld the lower …
Samsung chief Jay Y. Lee found not guilty in merger case Read More »
LONDON (Reuters) – Fast fashion retailer Shein’s plans to list in London face a challenge from a group campaigning against forced labour in China, which said on Monday it would apply for a judicial review of the IPO if Britain’s regulator approves the flotation. The group, Stop Uyghur Genocide, claims the retailer’s supply chain in …
Shein IPO faces judicial review challenge from Uyghur rights group Read More »
ISLAMABAD (Reuters) – Pakistan on Monday signed an agreement with the Saudi Fund for Development to defer by one year a $1.2 billion payment on the country’s oil imports, the country’s prime minister office said. Pakistan’s state-run television showed the signing ceremony live ahead of a delegation of the fund led by its CEO Sultan …
Pakistan signs agreement to defer $1.2 billion payment for Saudi oil Read More »
By Yantoultra Ngui SINGAPORE -MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more than 6 billion ringgit ($1.34 billion), two sources with knowledge of the matter said. RHB and UBS have also been asked to help prepare the IPO, two further sources …
MMC Port hires banks for Malaysian IPO of over $1.34 billion Read More »
(Reuters) – Goldman Sachs economists estimate that if the latest trade tariffs announced by U.S. President Donald Trump after assuming office in his second term are sustained, they could take a significant chunk out of Corporate America’s bottom line. Trump imposed hefty new tariffs of 25% over the weekend on imports from Mexico and Canada …
Goldman Sachs flags up to 3% hit to its S&P 500 earnings forecasts from Trump’s tariffs Read More »
TAIPEI (Reuters) – Taiwan on Monday banned government departments from using Chinese startup DeepSeek’s artificial intelligence (AI) service as it was a security risk, toughening language from last week which said it should not be used. Democratically governed Taiwan has long been wary of Chinese technology given Beijing’s sovereignty claims over the island and its …
Taiwan bans government departments from using DeepSeek AI Read More »
MANILA (Reuters) – The Philippines, among the world’s largest rice importers, declared on Monday a food security emergency to bring down the cost of rice, which it said has stayed elevated despite lower global prices and a reduction in rice tariffs last year. The declaration, which was widely expected, will allow the government to release …
Philippines declares ‘food security emergency’ to tame retail rice prices Read More »
SINGAPORE (Reuters) – Asia’s high sulphur fuel oil (HSFO) market pared back on Monday after rallying higher amid recent volatility, while very low sulphur fuel oil (VLSFO) was rangebound from the previous week. Prompt intermonth spreads for 380-cst HSFO narrowed to $9 a ton on Monday, after widening to over $10 a ton on Friday, …
