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Trade asian news

U.S. Steel union rejects Nippon Steel's appeal for takeover support - asia.nikkei.com - Japan - Usa

U.S. Steel union rejects Nippon Steel's appeal for takeover support

(Reuters) -- The union representing employees of United States Steel on Tuesday said it would not support Japanese firm Nippon Steel's draft agreement to gain support for its takeover of the U.S. company.

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Kandy Wong - China needs new strategy to counter US moves on global trade, analysts say - scmp.com - Japan - China - Usa -  Beijing -  Shanghai - South Korea - Washington - Germany - Eu - Mexico

China needs new strategy to counter US moves on global trade, analysts say

Washington’s efforts to divert international supply chains from China are already making enough of an impact to drive recommendations for a new game plan from analysts and manufacturers, in their view an essential step to counter a fragmentation of trade that is already under way – and likely to worsen in the coming years.

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Kif Leswing - Intel shares fall after company reveals $7 billion operating loss in foundry business - cnbc.com - Taiwan - Usa

Intel shares fall after company reveals $7 billion operating loss in foundry business

Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, often called a foundry business, in a SEC filing.

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Sam Meredith - Sky News - U.S. crude oil cracks $85 to hit highest level since October as geopolitical tensions mount - cnbc.com - Russia - Israel -  Moscow - state Texas - Ukraine - Iran - Syria -  Tehran -  Damascus

U.S. crude oil cracks $85 to hit highest level since October as geopolitical tensions mount

Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an escalating conflict in the Middle East and a Ukrainian drone strike on a major Russian oil refinery.

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Lina Khan - Ashley Capoot - Comedian Jon Stewart says Apple asked him not to interview FTC Chair Lina Khan - cnbc.com - China - New York

Comedian Jon Stewart says Apple asked him not to interview FTC Chair Lina Khan

Comedian Jon Stewart said Apple asked him not to interview Federal Trade Commission Chair Lina Khan on a podcast while he was hosting his Apple TV+ show "The Problem With Jon Stewart."

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Nikkei staff writers - U.S., Japan to agree on subsidy rules on chips, batteries with China in mind - asia.nikkei.com - Japan -  Tokyo - China

U.S., Japan to agree on subsidy rules on chips, batteries with China in mind

TOKYO -- The U.S. and Japanese governments will agree on new subsidy rules for strategic goods such as semiconductors, storage batteries and permanent magnets as the partners keep an eye on China, Nikkei has learned.

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Sheila Chiang - Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals - cnbc.com - Japan - Taiwan - South Korea

Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals

Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing.

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Pia Singh - Lim Hui Jie - Samantha Subin - Reuters - Hong Kong stocks lead gains in Asia-Pacific markets as Xiaomi shares surge 15% - cnbc.com - Japan - China - Hong Kong - India -  Hong Kong - South Korea - Australia

Hong Kong stocks lead gains in Asia-Pacific markets as Xiaomi shares surge 15%

This is CNBC's live blog covering Asia-Pacific markets.

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