ByteDance mulls shutting down TikTok in U.S. instead of selling, sources say
ByteDance, the parent company of TikTok, is facing a tough decision in the United States. If the Chinese tech giant exhausts all legal avenues to [more…]
Yen traders on edge as Japan braces for potential currency intervention
Currency markets are once again focused on the Japanese yen as traders brace for potential interventions reminiscent of September 2022. Back then, Japan stepped in [more…]
Hong Kong treasury chief reaffirms identity requirements for pension withdrawals amidst UK minister’s visit
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, recently met with UK Minister for the Indo-Pacific, Anne-Marie Trevelyan, to discuss a range [more…]
Honda accelerates Canada’s EV future with $11 billion investment
In a move set to electrify Canada’s automotive industry, Honda Motor and its joint venture partners have unveiled plans to infuse $11 billion into Ontario, [more…]
Hanwha Ocean sails ahead with $127 million LPG carrier order
Hanwha Ocean Co., the renowned shipbuilder, recently announced securing a substantial 176.4 billion-won (US$127 million) order to construct a cutting-edge liquefied petroleum gas (LPG) carrier [more…]
Boeing stands firm on 787 Dreamliner and 777 safety amid whistleblower allegations
Boeing has been in the spotlight recently after one of its engineers, Sam Salehpour, made allegations of shortcuts being taken to speed up production of [more…]
Hong Kong breaks ground with cryptocurrency ETF approval, Asian investors eyeing market entry
Hong Kong is stepping into the spotlight with its upcoming exchange-traded funds (ETFs) that will invest directly in cryptocurrencies like bitcoin and ether. While industry [more…]
South Korean stocks react to geopolitical tensions with a 2% drop
South Korean stocks faced a tumultuous day of trading as geopolitical tensions escalated in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) [more…]
U.S. airlines and unions call for pause on China flights over unfair advantage concerns
Amidst the backdrop of geopolitical tensions and commercial concerns, major U.S. airlines and aviation unions have voiced their reservations about the surge in flights between [more…]
Trafigura-led consortium in exclusive talks to acquire Exxon Mobil’s Fos-sur-Mer refinery in France
In a strategic move, Rhone Energies, a consortium formed by commodity trader Trafigura and Entara LLC, has entered into exclusive negotiations with Exxon Mobil’s ESSO [more…]