By Ashley Tang KUALA LUMPUR (Reuters) – Jailed former Malaysian Prime Minister Najib Razak on Thursday mounted a fresh legal bid to serve his remaining prison sentence under house arrest, though court proceedings were cut short to allow prosecutors time to review new evidence. Najib is appealing a lower court decision in July that struck …
Malaysia’s jailed ex-PM Najib renews bid to serve sentence at home Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Sugar prices in India fell to their lowest level in 1-1/2 year due to ample supplies, making it difficult for mills to pay farmers the cane price as the crushing season gains momentum, industry officials told Reuters. The fall in prices is prompting industry to demand immediate revision in …
India sugar prices hit 18-month low, mills struggle to make cane payments Read More »
By Wen-Yee Lee and Fanny Potkin TAIPEI/SINGAPORE (Reuters) – Taiwan Semiconductor Manufacturing Co is in discussions with Nvidia Corp to produce its Blackwell artificial intelligence chips at the contract manufacturer’s new plant in Arizona, three sources familiar with the matter said. TSMC is already making preparations to start production early next year, the sources said. …
Exclusive-TSMC in talks with Nvidia for AI chip production in Arizona, sources say​ Read More »
By Yadarisa Shabong (Reuters) -China’s Zhifei will pay GSK about 2.3 billion pounds ($2.9 billion) for the exclusive rights to distribute GSK’s shingles vaccine in China, the UK drugmaker said on Thursday, lower than previously agreed though the deal has been extended. The deal also now includes exclusive rights for China’s largest vaccine company to …
GSK to get less from Zhifei shingles vaccine deal; to collaborate on RSV Read More »
By Bharath Rajeswaran (Reuters) – Foreign outflows from Indian equity markets moderated in November after these investors turned buyers in the second-half of the month, snapping a record 38-session selling streak. Last month, foreign portfolio investors (FPI) poured money mainly into financials and IT stocks, which brought down outflows to $2.55 billion from a record …
By Nailia Bagirova BAKU (Reuters) – Azerbaijan has accused Western diplomats of unacceptable interference in its judicial system after they called for the release of jailed human rights activists. The Azerbaijani Foreign Ministry reacted within hours of the diplomats’ comments at an event on Wednesday evening where they said the country’s record on rights and …
Azerbaijan angry at diplomats’ calls to free jailed rights activists Read More »
BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan’s president to transit through its territory. The step follows China’s strong objection to the United States authorising a …
China slaps sanctions on 13 US military firms over Taiwan arms sale Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) -A Malaysian royal commission of inquiry (RCI) recommended a criminal investigation into former Prime Minister Mahathir Mohamad over a decision to drop claims on two disputed islets in the Singapore Strait, its report published on Thursday said. The RCI was launched after current premier Anwar Ibrahim called for a …
Malaysia inquiry proposes criminal probe into ex-PM Mahathir over disputed islets Read More »
By Leika Kihara HIROSHIMA (Reuters) -Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must scrutinise various economic indicators, including those on wages and business sentiment, in its deliberations on whether to raise interest rates this month. The remark by Nakamura, who is considered as dovish on monetary policy, likely keeps …
Dovish BOJ board member says rate decision will be ‘data dependent’ Read More »
By Summer Zhen HONG KONG (Reuters) – Monolith Management, a Hong Kong-based tech-focused hedge fund, has returned 53% so far this year, benefiting from investments in semiconductors, data centres and a rally in Chinese investments in September. With $300 million in assets under management currently, Monolith will launch a new fund in January, growing its …
Hedge fund Monolith returns 53% year to date on AI, data centre and China bets Read More »
