TAIPEI (Reuters) – Taiwan’s defence ministry said on Saturday it had detected two Chinese balloons crossing the Taiwan Strait in the previous 24 hours, one of which flew over Taiwan island, the latest in a spate of balloon sightings the ministry has reported. (Reporting by Ben Blanchard; Editing by William Mallard)
By Anushree Ashish Mukherjee (Reuters) – Gold prices scaled a one-week peak on Friday as an escalation in the Middle East conflict fuelled safe-haven buying, while softer U.S. producer price inflation boosted bets that the Federal Reserve might cut interest rates sooner. Spot gold was up 1% at $2,048.21 per ounce at 2:24 p.m. ET …
Gold rallies on Middle East tensions, Fed rate-cut bets Read More »
TOKYO (Reuters) – Japan’s financial regulator on Friday ordered SBI Securities to halt part of its business related to initial public offerings (IPOs) for a week through Jan. 18 as a penalty for having manipulated clients’ post-IPO share prices. The Financial Service Agency also ordered the online brokerage unit of financial conglomerate SBI Holdings to …
Japan regulator orders SBI to halt part of IPO business for price manipulation Read More »
By Hyonhee Shin SEOUL (Reuters) -A group of South Korean filmmakers, actors and industry officials, including “Parasite” director Bong Joon-ho, on Friday called for a probe into the handling by police and media of drug abuse allegations involving late actor Lee Sun-kyun. Lee, who shot to global fame with his performance as the wealthy patriarch …
‘Parasite’ director Bong, South Korean artists urge probe into handling of actor case Read More »
(Reuters) – LG Electronics on Friday opened its first factory in the U.S. for assembling electric-vehicle charging stations as the South Korean electronics giant looks to capture a share in the fast-growing market dominated by market leader ChargePoint. Based in Forth Worth, Texas, the company’s 100 thousand square feet new factory has an annual capacity …
LG opens first EV charging station factory in the US Read More »
(Reuters) -Rescue operations were underway after eight people died and 15 missing following an accident in a coal mine in the city of Pingdingshan, central China’s Henan Province on Friday, state news agency Xinhua reported. Preliminary investigation showed the accident occurred around 2:55 p.m. local time due to a coal and gas outburst at the …
China coal mine accident kills at least 8, rescue ops underway – Xinhua Read More »
By Joey Roulette, Nivedita Bhattacharjee and Ryan Woo WASHINGTON (Reuters) – Two U.S. setbacks this week in the race to the moon with China illustrate the risks of NASA’s plans to bet on a new strategy of relying heavily on private companies. Fresh delays in the U.S. space agency’s Artemis moon program and a propulsion …
In moon race with China, U.S. setbacks test role of private firms Read More »
By Kantaro Komiya and Yuka Obayashi TOKYO (Reuters) -Nippon Steel said on Friday President Eiji Hashimoto will become CEO and chairman effective April 1, remaining at the helm as the top Japanese steelmaker aims to complete a deal to take over U.S. Steel. Executive Vice President Tadashi Imai and head of Nippon Steel’s initiative to …
Nippon Steel’s Hashimoto to take CEO role as he seeks to finalise US Steel deal Read More »
SHANGHAI (Reuters) – China’s securities regulator will strengthen incentives for “countercyclical investment” and guide institutions to practice long-term investment, it said on Friday, seeking to boost the country’s faltering stock market. China’s stock benchmark is down 4.3% since the start of the year, hovering around close to five-year lows amid weak investor sentiment in the …
China securities regulator vows to strengthen long-term investment incentives Read More »
BENGALURU (Reuters) -India’s Tata Consumer Products will buy Capital Foods for an enterprise value of 51 billion rupees ($615.95 million), it said in an exchange filing on Friday. The company will initially buy a 75% stake in Capital Foods, which manufactures packaged food and condiments such as chutney, sauces and noodles under their “Ching’s Secret” …
India’s Tata Consumer Products to buy Capital Foods for $616 million Read More »
