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
Weekly jobless claims rise last week Faraday Future up on starting luxury EV production Roku gains on plans to cut 200 jobs Indexes up: Dow 0.45%, S&P 0.57%, Nasdaq 0.62% March 30 (Reuters) – Wall Street’s main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading … 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
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
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
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