Reuters Asia Business

South Korean authorities to continue monitoring financial markets

16 Dec 2024

SEOUL (Reuters) – South Korea’s finance ministry said on Monday authorities would continue monitoring financial and foreign exchange markets. South Korea’s parliament on Saturday voted to impeach President Yoon Suk Yeol over his short-lived attempt to impose martial law, a move that had shocked the nation and its financial markets. (Reporting by Jihoon Lee; Editing …

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US foreign investment panel split on Nippon-U.S. Steel deal, FT reports

15 Dec 2024

(Reuters) -The U.S. Treasury has informed Japan’s Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday. Treasury, which leads the Committee on Foreign Investment in the U.S. (CFIUS), wrote to both …

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Mauritius police issue arrest order for former central bank governor

15 Dec 2024

PORT LOUIS (Reuters) -Police in Mauritius have issued an order for the arrest of the Indian Ocean islands’ former central bank governor, in connection to an inquiry into a conspiracy to defraud case. The action, by the police anti-money laundering unit, is the first significant one from the government of Prime Minister Navin Ramgoolam, who …

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China’s ‘whitelist’ projects get $495 billion loans by end-Nov

14 Dec 2024

BEIJING (Reuters) – The amount of loans approved for “whitelist” development projects across China has reached 3.6 trillion yuan ($494.80 billion) as of the end of November, Housing and Urban-rural Development Vice Minister Dong Jianguo said on Saturday. At the same time, 3.24 million housing units have been delivered in China, significantly improving market expectations, …

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Exclusive-Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers

14 Dec 2024

By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not rule out sanctions on Chinese banks as it seeks to reduce Russia’s oil revenue and access to foreign supplies to fuel its …

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Exclusive-Major cloud providers could get key role in AI chip access outside the US, sources say

14 Dec 2024

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -In its latest jab at Beijing, the U.S. will empower companies like Google and Microsoft to act as gatekeepers worldwide for highly sought-after access to AI chips, two people familiar with the draft plan said. Under the scheme, to be released as soon as this month, these …

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