TAIPEI (Reuters) -Chipmaker TSMC said on Tuesday that all its sites were operating following an overnight 6.4 magnitude earthquake in southern Taiwan that was centred on a mountainous rural area and caused only minor damage and light injuries. Taiwan Semiconductor Manufacturing Co, the dominant maker of advanced chips and a major supplier to companies including …
TSMC says all its sites operating following Taiwan quake Read More »
TOKYO/HONG KONG (Reuters) -Japan’s Mitsubishi Chemical Group has picked U.S. investment fund Bain Capital as the preferred bidder for its pharmaceutical subsidiary, Tanabe Mitsubishi Pharma, in a deal that could value it at over $3 billion, two people with knowledge of the situation said. The two sides are in final negotiations, said one of the …
Mitsubishi Chemical picks Bain as preferred bidder for pharma unit, sources say Read More »
BEIJING (Reuters) – U.S. President Donald Trump has directed federal agencies to assess China’s performance under the Phase 1 trade deal that he signed with Beijing in 2020 during his first term at the White House. DETAILS OF 2020 DEAL The deal had required China to increase purchases of U.S. exports by $200 billion over …
Factbox-What’s the US-China Phase 1 trade deal signed in 2020? Read More »
By Clare Jim and Donny Kwok HONG KONG (Reuters) -Shares of embattled Chinese property developer Country Garden jumped as much as 30% in resumed trade on Tuesday following a nearly 10-month trading suspension as it tries to advance debt restructuring negotiations with its creditors. The stock had been suspended from trading since April 2, 2024 …
Country Garden shares surge in resumed trade after near 10-month halt Read More »
BEIJING (Reuters) – China created 12.56 million new urban jobs in 2024, achieving the government’s goal of adding more than 12 million such jobs last year, state media Xinhua reported on Tuesday, citing data by the human resources ministry. (Reporting by Ellen Zhang and Joe Cash; Editing by Christopher Cushing)
By Rahul Trivedi BENGALURU (Reuters) – The South Korean economy barely grew last quarter as political chaos weighed on consumer spending, according to a Reuters poll of economists who expect the Bank of Korea to cut interest rates next month following a surprise hold last week. Asia’s fourth-largest economy grappled with uncertainty from President Yoon …
South Korea economy barely grew in Q4; BOK to cut rates in February – Reuters poll Read More »
SEOUL (Reuters) – South Korea will tighten regulations on stock market listings to improve the quality and competitiveness, the financial regulator said on Tuesday, in the latest move by authorities aimed at making the domestic stock market more attractive to investors. The Financial Services Commission said in a statement that while the number of listed …
South Korea aims to make stock market more attractive with tighter listing rules Read More »
By Phuong Nguyen, Francesco Guarascio and Lisa Barrington HANOI (Reuters) – China’s drive to break into foreign aviation markets with its homegrown COMAC jets has intensified, with a push to persuade Vietnam to authorise its planes in the country, according to two people with knowledge of the talks and documents. COMAC’s actions in Vietnam demonstrate …
COMAC jets for Vietnam show China’s push for international market Read More »
BOGOTA (Reuters) -Chinese miner Zijin has restarted gold production at its major Buritica project in Colombia, a company source told Reuters on Monday, following a pause to operations triggered by an attack by an armed group a few days earlier. Buritica is the South American nation’s largest gold mine, touting production of 8.3 metric tons …
China’s Zijin restarts gold production at major Colombian mine after attack Read More »
By Joe Cash, Josh Arslan, Casey Hall and Liz Lee BEIJING (Reuters) – Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term. Chinese Vice …
China both hopeful and on edge as Trump returns to White House Read More »
