TOKYO, March 31 (Reuters) – Japan’s government on Friday said it plans to restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China’s ability to make advanced chips. The trade and industry minister in a press release said it will impose export controls on … Read more
SINGAPORE, March 30 (Reuters) – Asia’s stock markets held recent gains on Thursday, as fears of a banking crisis receded and investors weighed whether a break-up of Chinese conglomerate Alibaba signals Beijing’s regulatory storm aimed at tech companies might finally be clearing. MSCI’s index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.2%. Like the S&P … Read more
SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group (9988.HK) said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses … Read more
MSCI All-World index rises 0.3%, dollar eases UBS rehires Ermotti to head merged unit Alibaba soars 13%, lifts other Chinese tech stocks Oil rises, gold dips LONDON, March 29 (Reuters) – Global shares rose on Wednesday as investors took heart from a greater degree of stability in the banking sector, but the sense of optimism … Read more
March 29 (Reuters) – Shares in Alibaba Group (9988.HK) and other leading Chinese tech firms jumped on Wednesday, as investors cheered an unprecedented revamp of the Jack Ma-founded company as heralding the beginning of the end to Beijing’s crackdown on the sector. Alibaba said on Tuesday it was planning to split into six units and … Read more
CFTC charges Binance with ‘willful evasion’ of federal law Binance’s compliance was ‘ineffective’ under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday … Read more
WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor (005380.KS) and Kia Corp (000270.KS) for failing to install anti-theft technology in millions of their vehicles. The lawsuit filed in U.S. District Court in Missouri … Read more
HONG KONG, March 28 (Reuters) – Global stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.6% by early … Read more
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral … Read more
Alibaba’s Ma returned to China last week -sources School in Hangzhou he founded says he visited on Monday Premier Li Qiang urged Ma to return since late 2022 -sources Ma’s absence underscored private sector’s sober mood HONG KONG/BEIJING, March 27 (Reuters) – Alibaba (9988.HK) founder Jack Ma has returned to China, ending a stay overseas … Read more