By Ankur Banerjee SINGAPORE (Reuters) – Investors are bracing for the results from Taiwan’s TSMC on Thursday to show further evidence of the wide-ranging uncertainty in the chip industry spurred by U.S. President Donald Trump’s trade policies. Chip stocks across the globe have suffered this year as investor jitters about spending on AI infrastructure, the...
By Rupam Jain NEW DELHI (Reuters) – The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said. Green cryptocurrencies are digital currencies mined using clean energy resources such as...
(Reuters) – TikTok’s U.S. public policy chief, Michael Beckerman, a key figure in its fight against a U.S. government ban, plans to leave his Washington-based role and transition to a global advisory position, The Information reported on Wednesday, citing a staff memo. Earlier this month, President Donald Trump extended the deadline for the sale of...
(Reuters) – China’s economy grew 5.4% year-on-year in the first quarter, data showed on Wednesday, surpassing estimates, but a trade war with the United States has cast a shadow over the outlook and raised pressure on Beijing to roll out further stimulus. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand...
By Stella Qiu SYDNEY (Reuters) – Shares fell in Asia on Wednesday as AI darling Nvidia (NVDA) took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China’s economy...
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng said on Wednesday that it had done a “thorough analysis” of its supply chain to ensure it would not be impacted by the current turmoil caused by U.S. President Donald Trump’s tariffs and tensions with China. Xpeng’s President Brian Gu told reporters in Hong Kong that...
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs. Over the past week, dozens of sellers have broadcast livestreams showing goods produced...
(Reuters) – Australia’s Star Entertainment reported a bigger-than-expected first-half loss on Tuesday, as regulatory restrictions continue to affect the firm, particularly with the introduction of mandatory carded play and cash limits at its casinos. The embattled casino operator posted an underlying loss of A$136 million ($86.18 million) for the six months ended December 31, compared...
By Rae Wee SINGAPORE (Reuters) – Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery overnight following last week’s historic selloff, while the dollar continued to fall...
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the back-and-forth changes on U.S. tariffs. Still, currency markets were a lot calmer in early...
