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
March 30 (Reuters) – As powerful new obesity drugs enter the U.S. market, medical associations are keen to advise their members on how to best use them for patients. That is where the debate begins. Some specialists advocate for broad use of drugs like Novo Nordisk’s (NOVOb.CO) Wegovy, alongside a healthy diet and exercise. Others … Read more
LONDON, March 29 (Reuters) – Drugs that combat obesity are under consideration for the first time for the World Health Organization’s “essential medicines list,” used to guide government purchasing decisions in low- and middle-income countries, the U.N. agency told Reuters. A panel of advisers to the WHO will review new requests for drugs to be … 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
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
NEW YORK, March 26 (Reuters) – Some investors and analysts are calling for more coordinated interventions from central banks to restore financial stability, as they fear that tumult in the global banking sector will continue amid rising interest rates. After the collapse of two U.S. lenders this month and last weekend’s Swiss-government-orchestrated takeover of troubled … Read more
WASHINGTON/FRANKFURT, March 26 (Reuters) – Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a U.S. Federal Reserve policymaker said on Sunday, as a European Central Bank official also flagged a possible tightening in lending. Authorities around the world are on high alert for the fallout from … Read more
WASHINGTON, March 24 (Reuters) – The multi-regulator U.S. Financial Stability Oversight Council agreed on Friday that the U.S. banking system remains “sound and resilient” despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors. In a readout of a closed meeting chaired by Treasury Secretary … Read more