Reuters exclusively reported that SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, potentially delivering a win for investors who have waited years for strong returns.  

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Reuters exclusively reported that China’s largest private copper producer Nanfang Nonferrous is due to bring a major new smelter to production by October, more than doubling its capacity, a few months ahead of expectations.  

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China’s foreign ministry has confirmed Reuters exclusive report that Premier Li Qiang will lead the country’s delegation at this week’s G20 summit in India, in the place of President Xi Jinping. Xi has participated in all previous G20 meetings of world leaders during his decade in power and his absence scuppers the prospects for meeting with U.S. President Joe Biden in New Delhi amid frayed ties between the superpowers. 

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Reuters was first to report U.S. Commerce Secretary Gina Raimondo discussed concerns about restrictions on chipmakers Intel and Micron with Chinese Commerce Minister Wang Wentao in Beijing on Monday. The pair also discussed China’s restrictions on gallium and germanium exports in the conversation. Shares of Micron rose 3% and Intel was up 1.4% in early trading on the news. 

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China’s blue-chip CSI 300 Index jumped roughly 3% on Monday after the country confirmed a Reuters scoop on slashing stamp duty on stock trading. Reuters exclusively reported that Chinese authorities were planning to cut stamp duty on stock trading by as much as 50% in a further attempt to revitalize the country’s struggling stock market. The proposed cut comes after China’s leaders vowed in late July to reinvigorate the world’s second-largest stock market, which has been reeling as the country’s economic recovery flags and a debt crisis in the property market deepens. China’s fiscal revenue totalled 20.37 trillion yuan ($3.02 trillion) last year, with 276 billion yuan or 1.35% contributed by stamp duty on securities transactions, official data showed. The finance ministry, in a brief statement on Sunday, said it was reducing the 0.1% duty on stock trades by 50% “in order to invigorate the capital market and boost investor confidence.” 

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Reuters was first to report India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax as low as 15%, compared to the current 100% that applies to many EVs. Shares of potential domestic competitors of Tesla like India’s Tata Motors fell nearly 3% on the Reuters report, while rival Mahindra and Mahindra dropped over 2%, dragging the benchmark auto index to an intra-day low with losses of 1.1%. 

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Reuters exclusively reported that China’s central bank has asked domestic banks to limit outflows into foreign bonds, the latest in the raft of steps authorities are taking to contain yuan weakness. 

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Reuters exclusively reported that The United States and Mongolia will sign an “Open Skies” civil aviation agreement.

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