Chinese Giants Cnooc and Cosco Blacklisted by US Over Military Ties

Chinese Giants Cnooc and Cosco Blacklisted by US Over Military Ties

The United States and China, two of China’s largest state-owned enterprises, Cnooc Ltd. and Cosco Shipping Holdings Co., have been blacklisted by the US government. The decision, announced via a Federal Register filing on Tuesday, identifies these companies as Chinese...
Asian Chip

Asian Chip-Related Shares Soar Ahead of Nvidia CEO’s CES Speech, Boosting AI Optimism

Asian chip-related stocks surged early this week as investors pinned hopes on a wave of renewed optimism for AI demand, fueled by the anticipation of Nvidia Corp. CEO Jensen Huang's keynote speech at the Consumer Electronics Show (CES) in Las...
Japanese Chemical Firm Taiyo

Taiyo Holdings Co. and DIC Corp. Explore Potential Merger Amid Industry Consolidation

The Japanese chemical industry, Taiyo Holdings Co. is reportedly exploring a potential merger with its larger counterpart, DIC Corp., in a move that could reshape the landscape of the sector. Sources familiar with the matter have revealed that the two...
Fujitsu General Ltd

Paloma Rheem Holdings Offers ¥257 Billion for Fujitsu General Ltd., Adding to Japan’s Corporate Shakeup

On the ongoing realignment of Japan’s corporate landscape, Paloma Rheem Holdings, a relatively obscure maker of oven ranges and water heaters, has emerged as the latest contender to acquire Fujitsu General Ltd. The deal, valued at up to ¥257 billion...
Electronic screens displaying Japan Nikkei share average in Tokyo

Asia Shares Rise Amid Hopes of Softer Tariff Policies from U.S. President-elect Trump

Asian markets, shares rose on Tuesday, influenced by Wall Street's upbeat performance and tempered expectations about the incoming U.S. administration's tariff strategies. Investors speculated that President-elect Donald Trump might adopt a less aggressive trade stance than he pledged during his...
Asian Stocks

Asian Shares Mostly Rise as Tech Optimism Buoys Markets

Asian shares rose predominantly on Tuesday, buoyed by a rally in technology stocks on Wall Street, notably led by Nvidia. This optimism, however, was slightly tempered by mixed performances across regional markets. Japan’s benchmark Nikkei 225 led the regional rally,...
Oil Prices

Oil Prices Slide for Second Straight Session Amid Supply Concerns and Strong Dollar

Oil prices continued their downward trajectory for the second consecutive session on Tuesday. This decline is attributed to technical corrections following last week’s gains, compounded by forecasts of ample supply and the impact of a robust U.S. dollar. By 0148...
Earthquake

Powerful Earthquake Shakes Nepal, Sparking Panic in Kathmandu Valley

A powerful earthquake struck Nepal early Tuesday morning, sending waves of panic across the nation and prompting thousands of residents to flee their homes in fear. The tremor, which jolted various parts of the country including the densely populated Kathmandu...
South Korea anti-corruption agency

Impeached South Korean President Yoon Suk Yeol Evades Arrest as Deadline Looms

Impeached South Korean President Yoon Suk Yeol appeared poised to evade arrest ahead of a critical Monday night deadline, as anti-graft investigators scrambled to extend a warrant that was set to expire at midnight. The embattled former prosecutor has steadfastly...
Azerbaijan Airlines passenger plane at the crash site near the city of Aktau, Kazakhstan

Azerbaijan President Blames Russia for Fatal Airline Downing

Azerbaijan’s President Ilham Aliyev issued a stern rebuke to Russia on Monday, accusing Moscow of responsibility for the downing of an Azerbaijan Airlines Embraer 190 jet last month. The tragic incident, which resulted in 38 fatalities out of the 67...
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