SEOUL (Reuters) – Shares in Korea Zinc skyrocketed 29.9% on Thursday to a record high, after a tender offer for shares in the world’s biggest zinc smelter ended as it tries to fend off a takeover bid by private equity firm MBK and Young Poong. Korea Zinc has not yet disclosed the outcome of its …
Korea Zinc shares up nearly 30% as investors bet on long battle for control Read More »
(Reuters) – Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq and a private placement of $320.5 million, according to a term sheet seen by Reuters on Wednesday. As part of the offering, the Guangzhou-based company will offer 6.5 million American depositary shares in a price range of $15.5 …
Chinese self-driving startup WeRide files for $119 million U.S. IPO Read More »
(Reuters) -Singapore’s Keppel said on Thursday it plans to more than double its data centre funds under management and expand its capacity, as the firm tries to tap into the artificial intelligence frenzy, driving digital infrastructure investment. Keppel said it aims to more than double its data centre FUM, from the current S$9 billion ($6.80 …
Singapore’s Keppel aims to expand data centre capacity, FUM amid AI boom Read More »
HONG KONG (Reuters) -Apple CEO Tim Cook said at a meeting with the Chinese government in Beijing that the U.S. company will increase investment in China and thereby contribute to supply chain development, state news agency Xinhua reported on Thursday. Cook met Minister for Industry and Information Technology Jin Zhuanglong on Wednesday, the ministry previously …
Apple CEO Cook says company will increase investment in China, reports Xinhua Read More »
SEOUL (Reuters) – South Korea’s economic growth will likely be weaker than the central bank’s latest forecast of 2.4%, a Bank of Korea official told a briefing on Thursday. Growth in IT exports is slowing, and there are many factors raising uncertainty over exports, the official said. (Reporting by Jihoon Lee; Editing by Ed Davies)
By Rae Wee SINGAPORE (Reuters) – China’s currency is feeling the pressure from a possible return of Donald Trump as U.S. president, not just from speculators shorting the currency but also mainland exporters who have been hoarding dollars. The yuan has been weak since early 2023, bearing the brunt of China’s anaemic economy and low …
Analysis-Bears circle China’s yuan gearing for Trump win Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are likely to open on the defensive on Thursday with sentiment badly dented by the continued rise in U.S. bond yields and mounting speculation the Federal Reserve won’t cut U.S. interest rates as much as investors had previously hoped. …
Morning Bid: Big Tech tanks, yen slide accelerates Read More »
MILAN (Reuters) – Carmaker Stellantis will launch by 2026 a demonstration fleet of vehicles fitted with solid-state batteries from U.S. startup Factorial, the two companies said on Wednesday. Solid-state batteries are expected to reduce fire risk and allow for lighter, lower-cost cars that can travel further on a single charge. They are seen as a …
Stellantis to launch fleet of EVs fitted with Factorial solid-state batteries Read More »
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday it was “still taking time” to sustainably achieve its 2% inflation target, signaling that the central bank will tread carefully in pushing up the country’s still near-zero interest rates. But he also warned of the cost of moving too slowly in …
BOJ chief says it is ‘still taking time’ to hit inflation goal Read More »
By Karen Freifeld (Reuters) – The U.S.-China tech war is all but certain to heat up no matter whether Republican Donald Trump or Vice President Kamala Harris wins the Nov. 5 U.S. presidential election, with the Democrat likely to come out with targeted new rules and Trump a blunter approach. New efforts to slow the …
US-China tech war seen heating up regardless of whether Trump or Harris wins Read More »
