(Reuters) -China’s foreign ministry has asked all parties involved in CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium to “act prudently,” state news agency Xinhua reported on Monday. The sale by the Hong Kong conglomerate, which contains two ports adjacent to the strategically important Panama Canal, has become highly…
By Karen Brettell NEW YORK (Reuters) -The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut….
(Reuters) -Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the Nikkei newspaper reported on Sunday. The company is preparing to recruit sellers soon for its e-commerce arm TikTok Shop in Japan, Nikkei said, citing a source involved in the operations. TikTok did not immediately respond…
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion. “We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo…
(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant Nvidia, the Wall Street Journal reported on Sunday. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, the report…
By Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS (Reuters) -He has launched an unprecedented global tariff war and slashed U.S. foreign aid. He has disparaged NATO allies and embraced Russia’s narrative about its invasion of Ukraine. And he has spoken about annexing Greenland, retaking the Panama Canal and making Canada the 51st state. In the…
(Reuters) -T-Mobile’s prepaid unit unveiled four new plans on Tuesday that provide a five-year price guarantee and monthly charges as low as $25 per line, as the company seeks to shield its market share from competition amid economic uncertainty. WHY IT’S IMPORTANTThe launch by T-Mobile’s unit, Metro, comes at a time when consumers are becoming…
By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump. In an interview with Reuters, Culp said the company’s position was “understood” by the administration, adding that…
COPENHAGEN (Reuters) – Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday. Countries bordering the Baltic Sea are on high alert after a number of outages of power cables, telecom…
By Ashitha Shivaprasad and Anjana Anil (Reuters) -Gold’s remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S. economy further erodes after President Donald Trump’s renewed attack on the Federal Reserve chair. Spot gold was trading around $3,428 per ounce by 1417 GMT, after hitting a record $3,500.05…
