By David Shepardson WASHINGTON (Reuters) -A lawyer for TikTok and Chinese parent company ByteDance sought on Monday to convince a federal appeals court to block a U.S. law that would ban the short video app used by 170 million Americans as soon as Jan. 19, arguing that it violates free speech protections, but faced tough …
TikTok faces tough questions from court over challenge to US law Read More »
By Panu Wongcha-um and Kitiphong Thaichareon BANGKOK (Reuters) -The Thai government will nominate a ruling party loyalist and critic of the central bank governor for chair of the Bank of Thailand, seeking to assert influence on the institution amid a protracted rift over interest rates, according to two sources. The Pheu Thai Party-led government is …
Thai government nominates ex-finance minister for central bank board chair, sources say Read More »
BOGOTA (Reuters) – Colombian startup Rappi, which is backed by Japan’s SoftBank, could be ready to launch an initial public offering on the New York Stock Exchange within 12 months, cofounder Simon Borrero said on Monday. “It’s within our plan to go public, it could be on the New York Stock Exchange,” Borrero told reporters. …
Colombia’s Rappi could be ready for IPO in 12 months, cofounder says Read More »
(Reuters) – Global onshore wind turbine orders hit 91.2 gigawatts (GWs) in the first half of the year, a 23% year-on-year rise, due to higher demand in the second quarter from China’s northern region, Wood Mackenzie said in a report on Monday. WHY IT’S IMPORTANT China’s wind turbine production capacity is by far the biggest …
Global wind turbine orders driven higher in H1 2024 on Chinese demand Read More »
By Xie Yu HONG KONG (Reuters) -PwC is making “tangible investments” to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company’s mainland unit with a record penalty. PwC Zhong Tian LLP was hit with a six-month …
PwC invests in ‘high quality’ business in China after record fine, internal memo says Read More »
BRUSSELS (Reuters) – The European Commission said on Monday that the deadline for Chinese electric vehicle makers to make price commitments as a way of averting tariffs had passed, with no possibility to revise their offers after they were all rejected. The Commission, which is conducting an anti-subsidy investigation into Chinese-built EVs, said several EV …
EU says deadline for Chinese EV price offers has passed Read More »
TAIPEI (Reuters) – Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans were incomplete. CTBC made an unexpected bid for Shin Kong last month, upending a proposal for Shin Kong to merge with another peer, Taishin. Shin Kong has said it views Taishin as …
Taiwan regulator rejects CTBC takeover attempt of Shin Kong Read More »
LONDON (Reuters) -Global commodity trading house Trafigura has announced it will appoint Jiri Zrust to the newly opened role of Global Head of Operational Assets. Zrust will join the company on Oct. 1, the company said in a statement on Monday, from private equity group CVC Capital Partners. “Jiri Zrust will join Trafigura to lead …
Trafigura appoints Jiri Zrust as Global Head of Operational Assets Read More »
By Aditya Kalra NEW DELHI (Reuters) – Indian antitrust investigations have found that Amazon and Walmart’s Flipkart violated local competition laws by giving preference to some sellers, prioritising certain listings, and steeply discounting products, hurting other companies. Here are the key findings of the Competition Commission of India (CCI), which are detailed in two reports …
Factbox-What are India’s antitrust findings against Amazon, Flipkart Read More »
HANOI (Reuters) -Typhoon Yagi, Asia’s most powerful storm this year, cost Vietnam roughly $1.6 billion and may cut into the country’s growth rate, according to preliminary estimates from the investment ministry. Vietnam’s economic growth in 2024 may slow by 0.15% compared to the previous forecast due to the impacts of the typhoon, a report from …
Typhoon Yagi costs Vietnam $1.6 billion, may lower growth, planning ministry estimates Read More »
