BEIJING (Reuters) -Semiconductor Manufacturing International Corp，China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit. Profit attributable to owners of SMIC reached $188 million in the March quarter, but missed analysts' estimate of $222.4 million, according to LSEG data. Revenue rose 28.4% to $2.2 billion, compared to market expectations of $2.3 billion, according to LSEG....

(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April. It has created a so-called whitelist of U.S.-made products that would be exempted from its tariffs, two people familiar with the matter told Reuters, and some companies have said...

(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April. It has created a so-called whitelist of U.S.-made products that would be exempted from its tariffs, two people familiar with the matter told Reuters, and some companies have said...

PORTICELLO, Italy (Reuters) -The recovery of British tech tycoon Mike Lynch's superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August. The 56-metre-long (184-foot) Bayesian, with its majestic single 72-metre mast, was moored off the...