Reuters Asia Business

By Jeff Mason and Steve Holland PALM BEACH, Florida (Reuters) -President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that SoftBank would invest $100 billion in the U.S. over the next four years in what would be a boost to the U.S. economy. Trump said in his joint appearance …

Trump, SoftBank CEO announce $100 billion US investment, in echo of 2016 event Read More »

By David Shepardson and Alexandra Alper WASHINGTON (Reuters) -The U.S. Commerce Department is moving to further crack down on China Telecom’s U.S. unit over concerns it could exploit access to American data through their U.S. cloud and internet businesses by providing it to Beijing, a source told Reuters. The source confirmed a New York Times …

Washington moves to boost crackdown on China Telecom’s US unit, source says Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Asian market sentiment is likely to remain subdued on Tuesday following the release of mixed Chinese economic data the day before, as investors digest unnerving political events in key developed economies ahead of several G10 central bank interest rate decisions later …

Morning Bid: Political jitters ripple ahead of cenbank fest Read More »

By Laila Kearney NEW YORK (Reuters) – Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world’s largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures settled at $73.91 a barrel, down 58 …

Oil sags on soft Chinese spending, investor pause before US Fed rate move Read More »

By Julie Zhu and Anousha Sakoui HONG KONG/LONDON (Reuters) -Fast fashion retailer Shein is considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public in its planned London flotation, two people with knowledge of the matter said. The company is exploring this option …

Shein weighs sale of less than 10% of company in London IPO, sources say Read More »

By Yantoultra Ngui SINGAPORE (Reuters) – German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed acquisition. Allianz, which unveiled its offer in July, said …

Allianz withdraws $1.63 billion offer for Singapore’s Income Insurance Read More »