BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track. Mao Ning, a ministry spokesperson, made the remarks in response to U.S. President Joe Biden suggesting that a shift in U.S.-China relations could occur soon. (Reporting…
By Elaine Lies and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is increasingly certain to call a snap election, perhaps within weeks, as domestic support surges after a G7 summit that drew a surprise visit by Ukraine’s president. While an election for parliament’s more powerful lower house is not due until 2025,…
By Kate Holton and Paul Sandle LONDON (Reuters) -When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. The…
LONDON (Reuters) – Britain sold 1.26 billion pounds ($1.59 billion) of shares in NatWest, reducing its stake to 38.6%, it said on Monday, the sixth tranche of shares it has sold since the government intervened to rescue the bank in 2008. “Today’s sale is another major milestone in returning NatWest to full private ownership as…
By Stephen Nellis (Reuters) – Nvidia Corp on Monday said it has worked with the U.K.’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel Corp and Advanced Micro Devices Inc. Nvidia is the world’s top maker of graphics processing units (GPUs), which are in high…
By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) -A move by Beijing to bar U.S. firm Micron Technology Inc from selling memory chips to key domestic industries has ramped up tensions in an ongoing trade spat with Washington and lifted shares of firms that could benefit from the move. China’s cyberspace regulator said late on…
SEOUL (Reuters) – Abu Dhabi organisations have identified about $2 billion of investment opportunities in South Korea after the two sides agreed to expand business ties in January, a joint statement said on Monday. The United Arab Emirates (UAE) pledged during South Korean President Yoon Suk Yeol’s visit to Abu Dhabi in January to invest…
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 trillion debt ceiling go down to the wire, Wall Street banks and asset managers have been preparing for the fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in…
MELBOURNE (Reuters) -Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for…
MELBOURNE (Reuters) -Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for…
