Month: March 2023

Reuters exclusively reported that Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, a move that could impact British ties with China. The value of licences granted by the British government to companies for the export of submarine-related components and technology to […]

Sources exclusively revealed to Reuters that Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months as the island nation tries to line up funds for the remainder of the year while the IMF looks prepared to approve a $2.9 billion loan. The extension talks come as the […]

Reuters exclusively reported that Snapchat (SNAP.N) is kicking dozens of children in Britain off its platform each month, compared with tens of thousands blocked by rival TikTok. Social media platforms, such as Meta’s (META.O) Instagram, ByteDance’s TikTok, and Snap Inc.’s Snapchat, require users to be at least 13 years old to protect the privacy and […]

Reuters exclusively revealed that the United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and trading sources, in another example of how Western sanctions on Russia have adjusted traditional energy trade flows. Russia has been selling both crude and refined products at discounted prices after international sanctions […]

Reuters exclusively reported that U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company. The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to Huawei, which was added to […]

Reuters was first to report that Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is seeking to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year. Arm is expected to confidentially submit paperwork for its initial public offering in late […]

Reuters reported exclusively that Bridgewater Associates has raised at least $800 million in recent months for a new fund strategy, an additional offering that comes as the hedge fund manager revamps business after founder Ray Dalio gave up control. A source close to Bridgewater said the strategy, which has not been reported previously, is designed […]

The post <strong>Analysis: As China ages, investors bet they can beat retirement home stigma</strong> appeared first on Reuters News Agency.

Reuters exclusively reported that Canada will not force Chinese investors to sell their stakes in three of Canada’s biggest mining firms, Teck Resources, Ivanhoe Mines, and First Quantum Minerals. Canada’s Natural Resources Minister, Jonathan Wilkinson, told Reuters in an interview that any retrospective move will create policy uncertainty. In November, Canada forced three Chinese companies […]

Reuters was 39 minutes ahead in breaking the news that China had set an economic growth target of around 5% for 2023 – an eagerly awaited number that ranks as one of the most important data points in global economics. The target for the world’s second-largest economy was at the low end of expectations, below […]