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Markets

EU Commission clarifies revamped copyright rules amid criticism

The European Commission on Friday sought to clarify the scope and liability of revised copyright rules adopted last year in an effort to defuse criticism from France, Poland, EU broadcasters and internet activists.

Markets

Eu antitrust regulators to investige Facebook’s Marketplace

EU antitrust regulators opened on Fridan an investigation into Facebook's marketplace to see whether the world's largest social network breaches EU rules by using advertising data from advertisers to compete with them in classified ads.

Markets

BOJ’s Kuroda says c.banks should avoid one-size-fits-all climate standards

Bank of Japan Governor Haruhiko Kuroda said on Friday a lack of due consideration to heterogeneity in setting climate risk standards would do more harm than good.

Markets

Exclusive-China pushes Huarong to sell non-core units, mulls implicit support – sources

China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.

Markets

China aims to slow yuan’s rise but likely to avoid drastic steps – policy sources

China is likely to lean on incremental steps to slow the yuan's gains to deter speculators and help its exporters, shunning drastic measures that could undermine its goal to liberalise the currency and boost the yuan's global clout, policy sources said.

Markets

Japan’s Fuji Oil shuts 143,000 bpd Sodegaura refinery for maintenance

Japanese refiner Fuji Oil Co Ltd has shut the 143,000 barrels-per-day crude distillation unit at its Sodegaura oil refinery for scheduled maintenance on May 12, a company spokesman said on Friday.

Markets

Idemitsu shuts Yokkaichi and Chiba CDUs for maintenance

TOKYO: Japanese oil refiner Idemitsu Kosan Co shut one of the two crude distillation units (CDUs) at its Yokkaichi refinery, central Japan, on May 17 for regular maintenance, a company spokesman said on Friday. The spokesman did not say which of the units was shut. It has a 100,000...

Markets

S Korean designer creates “Third Eye” for “smartphone zombies”

(Fixes typo in para 7 to "Seoul")

Markets

G7 finance ministers meet in London to broker global tax deal

Finance ministers from the G7 group of rich nations are meeting in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook and Amazon.

Markets

Taiwan raises 2021 economic growth forecast to 5.46per cent

Taiwan's economy is expected to grow 5.46per cent in 2021, the statistics agency said on Friday, upgrading a previous forecast of 4.64per cent predicted in February on the back of a strong rebound in exports.

Markets

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