SEOUL (Reuters) – Samsung Electronics’ head of North American public affairs is expected to resign and it is looking for a successor with ties to U.S. President Donald Trump’s administration and the Republican Party, a South Korean newspaper reported on Friday. Samsung is looking to replace the current person in the North American external relations...

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trump exempted automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank policy meeting. Japanese government bonds fell sharply in Asian hours after...

By Jiaxing Li HONG KONG (Reuters) – Goldman Sachs raised its target price for emerging markets stocks on Thursday, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage raised its 12-month target for MSCI Emerging Markets Index by 3%, reaching 1,220 from 1,190, indicating an 11% potential upside...

By Kevin Buckland TOKYO (Reuters) – The euro extended four-month highs to the U.S. dollar on Thursday, following a surge in European bond yields on Germany’s proposed 500 billion euro ($539.85 billion) infrastructure fund and overhaul in borrowing limits. The greenback wallowed near a four-month trough against a basket of major peers as U.S. President...

(Reuters) – Oil prices steadied on Thursday after falling over the past four sessions as U.S. tariffs on Canadian crude supply may be eased but investors remain wary of remaining tariffs on Mexico and major producers’ plans to increase output. Brent futures were trading up 42 cents, or 0.61%, at $69.72 a barrel by 0144...

By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia will pay Arm Holdings $250 million over 10 years to acquire the firm’s chip design plans for local manufacturers, the government said on Wednesday as it looks to produce its own chips within the next decade amid an AI boom. The Southeast Asian nation plans to produce...

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar drooped near a three-month low versus major peers on Wednesday while shares in Asia were mixed after the latest round of U.S. tariffs and countermeasures from Canada and China stoked fears of an escalating trade war. China’s yuan was firm in offshore trading following a rally...

By Rae Wee SINGAPORE (Reuters) – The euro rose to its strongest level in nearly four months on Wednesday after Germany’s conservatives and the Social Democrats agreed on a historic debt overhaul, while trading in currencies elsewhere was volatile amid a flurry of headlines. Markets were still reeling from the fallout of a trade war...

SEOUL (Reuters) – South Korea will establish a $34 billion policy fund to provide financial support to domestic companies involved in strategic technologies such as chips and autos amid intensifying global competition and protectionism, the government said on Wednesday. “Competitiveness in advanced strategic industries has emerged to be the core of national economic security amid...