By Yuka Obayashi TOKYO (Reuters) – The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation. After a number of consultations since September to find ways to ensure the completion of offshore …
Japan revises rules for offshore wind power auctions Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company fundamentals rather …
Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data Read More »
ASTANA (Reuters) – The OPEC+ group of leading oil producers is set to discuss President Donald Trump’s efforts to raise U.S. oil production and take a joint stance on the matter, Kazakhstan said on Wednesday. Trump last week laid out a sweeping plan to help maximise oil and gas production, including by declaring a national …
OPEC+ to take joint stance on Trump oil policy, Kazakhstan says Read More »
By Eduardo Baptista BEIJING (Reuters) – Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI. In a post on its official WeChat account, Hangzhou Huanfang Technology Ltd Co., as …
High-Flyer, the AI quant fund behind China’s DeepSeek Read More »
ASTANA (Reuters) – Kazakhstan will make a final decision on oil production cuts after the next joint OPEC+ meeting, the Central Asian country’s Energy Minister Almasadam Satkaliyev said on Wednesday. Kazakhstan has persistently exceeded its output quota of 1.468 million barrels per day (bpd) under the production-curbing deal struck by the Organisation of the Petroleum …
Kazakhstan to decide on oil output cuts after OPEC+ meeting Read More »
(Reuters) – Otis forecast 2025 profit below estimates and missed fourth-quarter profit expectations on Wednesday on sustained weakness in demand for new equipment in China, sending the shares of the elevator-maker down 2.5% before the bell. It expects 2025 adjusted profit between $4 and $4.10 per share, missing analysts’ average estimate of $4.14, according to …
Elevator-maker Otis forecasts 2025 profit below estimates on weak China demand Read More »
By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Remy Cointreau told investors to lower their annual sales expectations for the third time in four months on Wednesday, flagging a “marked decline” in China and ongoing problems in the United States, which is threatening tariffs. The French group’s shares fell by 3.4% even though it reported …
Cognac-maker Remy flags deeper than expected annual sales fall Read More »
BANGKOK (Reuters) – ByteDance’s TikTok will invest 126.8 billion baht ($3.76 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday. The Chinese firm’s investment was made by its Singapore-based unit and would support activities of affiliated companies, with operations slated to begin in 2026, Thailand’s Board of Investment …
TikTok to invest $3.8 billion in Thailand data hosting project, investment board says Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) – HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties. Tucker, chairman of Europe’s largest bank, was flanked by …
Analysis-HSBC’s global brand in the balance as it doubles down on Asia bet Read More »
By Anton Bridge TOKYO (Reuters) – Japan’s Sumitomo Mitsui Financial Group said third-quarter net profit surged 54% on a boost in interest income, putting it on track to post record annual profit and eclipse its forecasts for the year. Long-awaited interest rate hikes from the country’s central bank after years of deflation helped push up …
