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Before yesterdayReuters - Business

South Korea says ordered to pay Elliott $48.49 million over Samsung merger case

By: Reuters
1 October 2026 at 00:21
South Korea has been ordered to pay Elliott Investment Management about $48.49 million plus interest after an arbitration tribunal ruled the government's involvement in the 2015 merger of Samsung C&T and Cheil Industries β€Œwas causally linked to the US fund's losses, Seoul's Justice Ministry said on Thursday.

Watchdog finds no Fed misconduct in renovation; Trump calls for Powell's resignation

The Federal Reserve's Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a US central bank renovation project.

US trade court weighs challenge to Trump's forced labor tariffs

30 September 2026 at 10:05
The US Court of International Trade is hearing a challenge on Wednesday β€Œto President Donald Trump's tariffs on goods from 60 trading partners he accuses of failing to prevent imports made with forced labor, a policy opponents say revives the unchecked tariff power the Supreme Court struck down in February.

China's weak soybean demand dims prospects for US cargoes after tariff snub

30 September 2026 at 03:19
China's soybean buying is likely to decline in the months ahead due to weak animal feed demand and negative crush margins, leaving little room for US β€Œcargoes as they were excluded from proposed tariff relief after last week's Washington summit.

DeepSeek partners with Huawei to develop chip programming tools, reducing reliance on Nvidia

30 September 2026 at 03:03
Chinese AI firm DeepSeek said on Wednesday it has partnered with Huawei Technologies to develop programming tools optimised for Huawei's Ascend chips, the latest sign of Chinese ⁠tech firms deepening ties as they seek alternatives to the Nvidia ecosystem.
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