By David Shepardson and Steve HollandWASHINGTON (Reuters) -Taiwanese semiconductor company TSMC plans to make a fresh $100 billion investment in the U.S. that would involve building five additional chip facilities in the country in coming years, its CEO announced with President Donald Trump on Monday.Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker and a leading supp ...
SHANGHAI (Reuters) - China’s yuan inched higher against the dollar on Tuesday as the central bank continued to guide the currency firmer hours ahead of the expected imposition of more U.S. tariffs.The United States is expected to raise tariffs on Chinese goods by 10% at 0501 GMT on Tuesday, on top of the 10% tariffs imposed in February. Market participants will closely monitor the developments o ...
TOKYO (Reuters) - Shares of Seven & i tumbled as much as 12% on Tuesday, following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada’s Alimentation Couche-Tard, although the Japanese company said it was still considering the offer. The shares were down 8% at 2,023 yen in afternoon trade in Tokyo having earlier declined as much as 12%, touching their lo ...
SHANGHAI/SINGAPORE (Reuters) - China and Hong Kong stocks slipped on Tuesday, as new U.S. tariffs on Chinese imports were set to take effect, while investors awaited the upcoming annual parliamentary sessions to gauge Beijing’s policy path.China’s blue-chip CSI300 Index edged down 0.3% by the midday break and the Shanghai Composite Index traded roughly flat. Hong Kong’s benchmark Hang Seng e ...