By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.S. via Mexico and Canada. Trump voiced his latest tariff …
Trump delivers fresh tariff threats against EU, China Read More »
(Reuters) – Goldman Sachs CEO David Solomon said on Wednesday it was important for the U.S. and China, the world’s two largest economic superpowers, to improve their bilateral ties. His comments during an interview to CNBC at the World Economic Forum in Davos, Switzerland, come just days after Donald Trump became U.S. President and threatened …
Goldman Sachs CEO says important for US, China to improve ties, CNBC reports Read More »
BEIJING (Reuters) – China said on Wednesday it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock market. Under a plan jointly released by six financial regulators including the securities regulator, big state-owned insurance companies will be directed to …
China unveils plan to encourage insurance funds into stock markets Read More »
By Aaditya GovindRao (Reuters) – Hong Kong shareholders of Shanghai Henlius Biotech on Wednesday rejected Chinese conglomerate Fosun International’s buyout offer, which would have valued the drugmaker at HK$13.37 billion ($1.72 billion). Fosun unit Shanghai Fosun Pharmaceutical, which already holds a 59.6% stake in Henlius, had offered HK$24.60 per share in June for the remaining …
Henlius Biotech shareholders reject take-private offer from China’s Fosun Read More »
(Reuters) – Japan’s ministry of finance will introduce new regulations for foreign investors that could potentially cooperate with foreign governments in collecting intelligence, particularly Chinese companies, the Nikkei reported on Wednesday. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Shounak Dasgupta)
By Nayera Abdallah DUBAI (Reuters) -Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok if Elon Musk or others offered to buy it, CEO Talal Ibrahim al-Maiman told Al Arabiya TV on Wednesday. The search to find a buyer for the Chinese-owned popular short-video app …
BEIJING (Reuters) – China will grant foreign financial institutions the same treatment as domestic ones in offering new types of financial services not yet available in the country in some free trade zones, the central bank said on Wednesday. The country will also facilitate the transfer of inbound and outbound funds related to foreign investments …
By Chen Aizhu (Reuters) – Chinese state oil and gas company CNOOC has set its 2025 production target at a record high, between 5.6% and 8.3% above 2024’s output. The offshore oil and gas specialist pumped about 720 million barrels of oil equivalent (boe) in 2024, meeting the high end of its target, CNOOC said …
China’s CNOOC sets 2025 output target at record high Read More »
(Reuters) – As U.S. President Donald Trump mulls imposing 25% duties on imports from Canada and Mexico on Feb. 1, focus has shifted to the sectors likely to bear the brunt of the tariffs. About 28%, or about $844 billion, of all U.S. imports in 2024 came from the two neighboring countries, data from the …
Factbox-US imports from Canada, Mexico in 2024 as tariff threat looms Read More »
By Liam Mo and Brenda Goh BEIJING (Reuters) – TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s latest reasoning model products, as a global race intensified to create AI models capable of tackling complex problems. The company released Doubao-1.5-pro, an upgrade to its flagship AI …
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning Read More »
