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13.09.2024 20:45
Japan's Seven & i now a 'core business,' with tighter investment rules - Nikkei Asia TOKYO -- Japan has designated 7-Eleven store chain operator Seven & i Holdings as a "core business" essential to national security, the Finance Ministry said Friday, though the move appears to have little direct impact on Canadian peer Alimentation Couche-Tard's recent acquisition proposal.Foreign investors seeking to invest in businesses that receive this designation under Japan's Foreign Exchange and Foreign Trade Act generally are required to submit prior notification to the government for a review.

13.09.2024 20:50
China's Shein and Temu face end to tariff-free imports into U.S. - Nikkei Asia WASHINGTON/NEW YORK -- The U.S. will take steps to limit the scope of a "loophole" from tariffs levied on goods coming into the country, the White House announced Friday, in a move that targets hugely popular Chinese e-commerce platforms such as Shein and Temu.The Biden administration will soon propose rules to modify the loophole known as the de minimis exemption. Specifically, the rules will seek to exclude items subject to tariffs imposed on China under Section 301 of the 1974 Trade Act.

13.09.2024 21:08
Tokyo Electron looks to tap India's chip potential early on: CEO - Nikkei Asia NEW DELHI -- Japanese semiconductor equipment maker Tokyo Electron aims to get in on the ground floor of India's expanding chip supply chain, President and CEO Toshiki Kawai told Nikkei in an interview at this year's Semicon India expo, whose final day was Friday."We would like to establish a system to deliver equipment and provide after-sales support by 2026," Kawai said of India.

13.09.2024 21:31
Alibaba fintech arm Ant Group buys Chinese health platform HaoDF - Nikkei Asia SHANGHAI -- Ant Group, a fintech heavyweight backed by Chinese e-commerce conglomerate Alibaba Group Holding, has completed the takeover of Chinese online health care platform Haodf.com, filings revealed Friday show.As of Wednesday, an Ant affiliate became the full owner of HaoDF's operating company, according to Chinese registry data. HaoDF founder Wang Hang is no longer a shareholder in the company.