SoftBank seen returning to profit as tech stocks gain

SoftBank seen returning to profit as tech stocks gain

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato TOKYO, Aug 7 (Reuters) – Japan’s SoftBank Group (9984.T) is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm’s portfolio of … Read more

China’s Huawei’s handset business making a comeback, executive says

China’s Huawei’s handset business making a comeback, executive says

A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File Photo SHENZHEN, China, Aug 4 (Reuters) – Huawei Technologies’ (HWT.UL) handset business is “on the road to a comeback” the head of the company’s consumer business Richard Yu said in his keynote … Read more

US should extend EV tax benefits to Vietnam, says business lobby

US should extend EV tax benefits to Vietnam, says business lobby

People walk next to a VinFast logo on a screen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo WASHINGTON, Aug 3 (Reuters) – The United States should extend electric vehicle tax credit benefits to Vietnam if it wants to encourage a landmark … Read more

China intensifies flood rescue efforts south of Beijing after historic rains

China intensifies flood rescue efforts south of Beijing after historic rains

[1/3]Residents wade through floodwaters following heavy rainfall in Zhuozhou, Hebei province, China August 1, 2023. cnsphoto via REUTERS BEIJING, Aug 2 (Reuters) – China on Wednesday dispatched thousands of rescue workers to Zhuozhou, a flooded city of over 600,000 residents southwest of Beijing, as the remnants of Typhoon Doksuri continued to wreak havoc on swathes … Read more

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

Asia stocks near 16-month peak on economic optimism, Aussie eases before RBA

TOKYO, Aug 1 (Reuters) – Asian stocks edged toward a sixteen-month peak on Tuesday and oil held near recent highs as investors began to find more cause for cheer over global economic prospects than reasons to worry, even as data showed risks remain. The dollar hit a three-week high against the yen as investors continued … Read more

China curbs exports of drone equipment amid U.S. tech tension

China curbs exports of drone equipment amid U.S. tech tension

BEIJING, July 31 (Reuters) – China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard “national security and interests” amid escalating tension with the United States over access to technology. The restrictions on equipment, including some drone engines, lasers, communication equipment and anti-drone systems, will take effect on … Read more

Ron DeSantis, in campaign speech, lashes out at China, corporate power

Ron DeSantis, in campaign speech, lashes out at China, corporate power

ROCHESTER, New Hampshire, July 31 (Reuters) – U.S. Republican presidential candidate Ron DeSantis took an aggressive swipe at China, railed against what he described as corporate bailouts, and said he would rein in the Federal Reserve in an economic policy speech on Monday. The speech contained relatively few new concrete policy proposals, but underlined how … Read more