By Sinead Cruise LONDON (Reuters) -HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a shift to Asia in its biggest retrenchment from investment banking in decades. “Our intention is to move to a more competitive, scalable, financing-led model,” Michael Roberts, CEO …
HSBC plans biggest investment banking retrenchment in decades Read More »
By Carolina Mandl MIAMI (Reuters) – Hedge fund manager Bridgewater Associates said Chinese startup DeepSeek’s launch of its latest artificial intelligence (AI) models could lead to a short-term correction in many tech companies’ share prices but is positive for the industry. The comments come amid a tech stocks sell-off prompted by the release of a …
Bridgewater sees short-term correction for tech stocks but bullish on DeepSeek impact Read More »
MOSCOW (Reuters) – Kazakhstan, one of the world’s 10 biggest oil producers, increased pressure on international companies operating in the country on Tuesday, calling for improved contract terms. The move is the latest in a string of claims, disputes and settlements in recent years which saw international firms cede control of oilfields to the state …
Factbox-Kazakhstan’s oilfields, disputes and settlements with oil majors Read More »
(Reuters) – Malaysia’s Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report. The 500 km natural gas pipeline in Malaysia connects Kimanis in Sabah to Bintulu in Sarawak and has been operational since early 2014. For the next three years, Petronas’ decommissioning plans include the …
Malaysia’s Petronas to decommission Sabah-Sarawak gas pipeline Read More »
By Mariya Gordeyeva ALMATY (Reuters) – Kazakhstan, one of the world’s 10 biggest oil producers, stepped up pressure on international firms working in the country on Tuesday with a call for “better terms” in their contracts. The central Asian country has clashed for years with international oil companies over costs, bringing multi-billion-dollar claims against them …
Kazakhstan aims for revision of contracts with Western oil majors Read More »
By Eduardo Baptista BEIJING (Reuters) – Liang Wenfeng, the 39-year-old founder of Chinese AI startup DeepSeek, has in the matter of weeks become the face of China’s tech industry and its hope of overcoming an ever-tightening noose of export controls imposed by the United States. Liang had kept an extremely low profile until Jan. 20, …
DeepSeek founder Liang Wenfeng puts focus on Chinese innovation Read More »
(Reuters) – Malaysia Airports said on Tuesday that a takeover bid by the Gateway Development Alliance (GDA) consortium was now unconditional and had reached an acceptance level of 95.11%. The consortium, led by Malaysia’s sovereign wealth fund Khazanah Nasional, launched its offer in May to acquire all remaining shares in the company at 11 ringgit …
GDA consortium’s bid for Malaysia Airports becomes unconditional Read More »
By Nandan Mandayam (Reuters) -Hyundai Motor India reported a lower third-quarter profit on Tuesday, hurt by easing domestic sales and exports alongside higher discounts, and said it expects industry-wide car sales to remain tepid next fiscal year. Hyundai is India’s second-biggest carmaker and its 14% market share trails only Maruti Suzuki’s 40%. The Korean carmaker …
Hyundai Motor India reports lower Q3 profit on weak domestic demand, exports Read More »
TOKYO (Reuters) -Japan’s Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market. The automaker will produce the low-cost model locally, the Nikkei said, adding it will roll it out …
Japan’s Honda eyes launching sub-$30,000 EV in North America, Nikkei says Read More »
By Ben Blanchard TAIPEI (Reuters) – Semiconductor business between Taiwan and the United States is a “win-win” model for both sides given the high level of complementarity, the government said on Tuesday in response to tariff threats from U.S. President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), the …
Responding to Trump tariff threat, Taiwan says chip business is ‘win-win’ Read More »
