SEOUL (Reuters) – South Korea’s nuclear power plant operator Korea Hydro & Nuclear Power and state utility Korea Electric Power Corp (KEPCO) have reached an agreement with United States’ Westinghouse to end their intellectual property dispute, KEPCO said on Friday. They also agreed to strengthen cooperation in the global nuclear power plant market, KEPCO said …
By Katie Paul NEW YORK – Chinese social media app RedNote, known in China as Xiaohongshu, gained nearly 3 million U.S. users in one day earlier this week as a flood of self-proclaimed “TikTok Refugees” joined, according to new data from analytics firm Similarweb. The Chinese-language app had about 3.4 million daily active users across …
By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s non-oil domestic exports rose 9.0% in December from the same month a year earlier, data on Friday showed, boosted by increased shipments of both electronic and non-electronic goods. The increase compared with a Reuters poll forecast of a rise of 7.8% and followed a 3.4% rise in …
Singapore’s December exports rise 9.0% y/y, stronger than forecast Read More »
By Katie Paul NEW YORK – Advertisers reliant on TikTok as a major digital marketing tool rushed to prepare contingency plans this week, as the realization dawned on many that the popular Chinese-owned social media app may not be saved before a U.S. ban takes effect on Sunday. One marketing executive described it as a …
Advertisers with ‘hair on fire’ brace for US TikTok ban Read More »
By Sudarshan Varadhan and Colleen Howe SINGAPORE/BEIJING (Reuters) -China, the world’s biggest coal consumer, extended its lead in imports over No. 2 buyer India last year to the widest since at least 2013, customs data shows, cementing its hold on global coal markets and helping to curb a slide in prices. Global thermal coal prices …
China extends coal imports lead over India to widest in more than a decade Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at least as far as equity markets are concerned, even as Treasury yields and the dollar continue to drift lower into the last trading day of …
Morning Bid: Awaiting China data deluge, US yields drift lower Read More »
By Mimosa Spencer PARIS (Reuters) -Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China. Retail executives are looking to tap into wealth in the United …
Luxury groups pin hopes on US as China weakness persists Read More »
By Dawn Chmielewski (Reuters) -Businessman Frank McCourt is “open-minded” to keeping TikTok’s existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app, the U.S. billionaire told Reuters on Thursday. McCourt said in an interview his consortium has made a formal offer to buy TikTok from …
Billionaire McCourt open to keeping original investors in any TikTok deal Read More »
By Alexandra Alper WASHINGTON (Reuters) – The U.S. Commerce Department and FBI are both investigating a little-known telecoms hardware firm founded by senior Huawei veterans in China over possible security risks, sources and documents show. Founded in 2014, Baicells Technologies opened a North American business the next year in Wisconsin and has since provided telecoms …
Exclusive-Chinese tech firm founded by Huawei veterans in the FBI’s crosshairs Read More »
By Rishav Chatterjee (Reuters) -The boards of Thailand-based mobile carriers Advanced Info Service and Thaicom have asked investors to reject offers to acquire the firms under the merger of their respective controlling entities, the companies said on Thursday. In July 2024, power producer Gulf Energy Development, the largest shareholder of Thaicom, and Intouch Holdings, which …
Telcos Advanced Info, Thaicom want investors to reject offers under parent merger Read More »
