By Anton Bridge TOKYO (Reuters) – Japan’s Seven & i will be looking to convince shareholders it can deliver long-term growth on its own when it speaks to them on Thursday, after announcing a sweeping break-up plan designed to ward off a $47 billion takeover offer. The 7-Eleven owner is due to hold an “investor …
Seven & i aims to convince investors it can deliver on its own Read More »
WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Committee on China demanded answers on Wednesday from the Commerce Department and TSMC after a chip made by the Taiwanese company was found in a device made by China’s Huawei. “Reports that cutting-edge TSMC-manufactured chips have contributed to Huawei’s AI development represent a catastrophic …
US lawmaker demands answers on TSMC chip in Huawei device Read More »
SEOUL (Reuters) – South Korea’s LG Chem said on Wednesday it has filed a patent infringement lawsuit at a Seoul court against a South Korean unit of Chinese battery materials maker Ningbo Ronbay New Energy Technology. LG Chem, which makes materials for electric vehicle (EV) batteries, said in a statement it has determined after testing …
LG Chem files lawsuit against unit of China’s Ronbay over battery tech Read More »
By Kantaro Komiya (Reuters) -A Tokyo Stock Exchange employee is under investigation by the country’s financial watchdog for suspected insider trading, its parent company Japan Exchange Group (JPX) said on Wednesday. The Securities and Exchange Surveillance Commission (SESC) is investigating the employee, and JPX will fully cooperate with the probe, the company said in a …
Tokyo exchange employee under probe for alleged insider trading, JPX says Read More »
By Kylie Madry MEXICO CITY (Reuters) – Chinese fast-fashion giant Shein is launching its first branded credit card worldwide through a partnership with Mexican fintech Stori, the firms said on Tuesday, touting synergies that should help both expand in Latin America’s second-largest economy. The push will simultaneously aim to draw more Mexicans to the credit …
Clothing retailer Shein launches credit card with Mexican fintech Stori Read More »
By Julian Luk LONDON (Reuters) – China’s imports of gold ore and concentrate plummeted in September because of a proposed rule change that could result in a substantial rise in tax liabilities for buyers, four sources with knowledge of the matter said. If implemented, the rule change could disrupt the annual shipment of billions of …
China’s gold ore and concentrate imports plummet on planned rule change, sources say Read More »
By Mikhail Flores MANILA (Reuters) -At least 14 people were killed in the Philippines as Tropical Storm Trami flooded villages, inundated rivers and forced tens of thousands of people to flee their homes as it approached the eastern coast. President Ferdinand Marcos Jr. on Wednesday ordered responders to prepare for the main storm’s landfall over …
Tropical Storm Trami kills 14 in Philippines, officials say Read More »
By Ariba Shahid KARACHI (Reuters) – The Green Climate Fund (GCF) has committed $15 million to Pakistani venture capital firm Sarmayacar, the venture fund said on Wednesday, so it can help startups tackle the impact of climate change in the country that has been at the forefront of extreme weather. Flooding in Pakistan, which scientists …
Pakistani venture Sarmayacar says Green Climate Fund pledges $15 million Read More »
TOKYO (Reuters) – Tesla will start selling its Powerwall home battery system in Japan through electronics store chain Yamada Denki, the Nikkei business daily reported on Wednesday. The Nikkei said the electric vehicle giant aims to speed up distribution of its home battery system in Japan by partnering with Yamada Holdings, the operator of the …
Tesla to sell home batteries in Japan through Yamada chain, Nikkei reports Read More »
By Richa Naidu LONDON (Reuters) – Reckitt Benckiser CEO Kris Licht said on Wednesday the consumer goods company’s business in China was “thriving”, with double-digit sales growth there year on year, even as its rivals struggle as the world’s No. 2 economy falters. China’s economy grew at the slowest pace since early 2023 in the …
Reckitt CEO says China business is ‘thriving’, sees double-digit growth there Read More »
