Rival Pork Exporters could Benefit from ChinaEU Trade Tensions

Brazil, US, Argentine meat suppliers could benefit Russia also keen to boost share in China39;s meat market No immediate market impact expected SINGAPORE, June 17 Reuters Pork suppliers from South America and the United States could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, […]
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EU Regulators to Decide on Bunge and Viterras 34B Deal by July 18

BRUSSELS, June 17 Reuters U.S. grains merchant Bunge and Glencorebacked Viterra39;s plan to create a 34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday. The companies announced their merger a year ago to rival global giants ArcherDanielsMidland and Cargill CARG.UL. The Commission, which acts as the […]
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UBS to Book 900M Provision Linked to Inherited Greensill Funds

ZURICH, June 17 Reuters UBS expects to record a provision of roughly 900 million on Credit Suisse39;s funds linked to collapsed supply chain financing firm Greensill Capital, the Swiss bank said on Monday. UBS acquired Credit Suisse last year after its longtime rival imploded following a string of financial problems. Among them, Credit Suisse racked up […]
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German Robotics Industry Faces Stiff Competition from China, VDMA

BERLIN, June 17 Reuters Growing competition from China is weighing on the outlook for Germany39;s robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters. Competition is fierce, Frank Konrad, head of VDMA39;s robotics and automation department, said in comments published on […]
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ByteDance confirms layoff plan at its Indonesian unit

JAKARTA, June 14 Reuters China39;s ByteDance will lay off staff at its Indonesian unit following a deal where it bought a local ecommerce firm and combined it with its TikTok operation, a spokesperson said on Friday. ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there […]
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China Approves 1st ETFs Tracking Saudi Equities, Fund Managers

SHANGHAI, June 14 Reuters China approved its first exchangetraded funds ETFs investing in Saudi Arabia equities on Friday, fund managers told Reuters, as Beijing expands ties with the Middle East amid rising tensions with the West. The products, managed by China39;s HuataiPinebridge Investments and Southern Asset Management separately, will track Hong Konglisted CSOP Saudi Arabia […]
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Amazon Adds 230 Million in Cloud Credits to AI Startups

June 13 Reuters Amazon said it is investing 230 million in the form of Amazon Web Service AWS credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. The credits will provide earlystage generative AI startups free access to computing power, a variety of AI models, and […]
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