By Ben Blanchard, Yimou Lee and Angie Teo TAIPEI (Reuters) – Beijing has unveiled a new tactic on Taiwan, the democratic island it claims as its own, officials and experts say: large-scale drills with no fanfare to normalise a heightened military presence and let the U.S. know that China can act whenever it wants. For…
By Kane Wu HONG KONG (Reuters) – Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3.5 billion, three sources said. Mitsubishi Chemical has hired Goldman Sachs to run…
By Purvi Agarwal and Shashwat Chauhan (Reuters) – Wall Street’s main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks. Broadcom forecast quarterly revenue above Wall Street estimates and predicted booming demand for its custom AI chips in the next…
By Andy Home LONDON (Reuters) – An unprecedented collapse in conversion fees spells hard times for the global copper smelting sector. The benchmark smelter treatment charges for next year have been set by Chilean copper miner Antofagasta and China’s Jiangxi Copper. Smelters such as Jiangxi will receive just $21.50 per metric ton and 2.125 cents…
(Reuters) -U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders. Telecom companies such as Verizon, AT&T and T-Mobile are among the top…
By Andreas Rinke and Rachel More BERLIN (Reuters) – Drones were spotted flying over the U.S. air base at Ramstein in Germany in early December, a spokesperson for the U.S. Air Force said on Friday. There were “no impacts to base residents, facilities, or assets,” the spokesperson said. “In concert with host nation authorities, we…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures could subside in the months ahead. Import prices edged up 0.1% last month after a downwardly revised 0.1%…
(Reuters) – Tobacco giant Philip Morris International’s subsidiary Swedish Match North America(SMNA) will pay $1.2 million to settle an investigation into violations of Washington D.C.’s flavored tobacco ban. The District of Columbia attorney general’s office said it had found evidence that SMNA facilitated online sales of “tens of thousands” of flavored Zyn nicotine pouches to…
(Reuters) – Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX. Musk is Tesla’s largest shareholder with about a 13% stake in the company. The EV…
By Ted Hesson WASHINGTON – President-elect Donald Trump will use the U.S. military to the fullest extent of the law to support his mass deportation effort, he told TIME magazine in an interview published on Thursday, committing to his plan to utilize troops to try to remove record numbers of immigrants in the U.S. illegally….
