TOKYO (Reuters) -Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles, the Nikkei newspaper said on Sunday. Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalise the details …
Mitsubishi Motors to join Honda-Nissan alliance, Nikkei reports Read More »
BEIJING (Reuters) – Chinese automotive glass maker Fuyao Glass Industry Group said the United States government agencies searched its subsidiary on July 26 in Ohio as part of an ongoing investigation into a third-party labour services company. Fuyao Glass America Inc was not the target of the investigation, Fuyao quoted the U.S. authority as saying, …
Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids Read More »
By Stephanie Kelly NASHVILLE, Tennessee (Reuters) – Republican presidential candidate Donald Trump told a bitcoin conference on Saturday that the U.S. must dominate the sector or China would, his latest move to court advocates of cryptocurrency, which Beijing has restricted and which he once dismissed as a “scam.” Speaking at the Bitcoin 2024 convention in …
Trump cites China competition in vowing to create bitcoin ‘stockpile’ Read More »
By Daina Beth Solomon and Sarah Morland SANTIAGO (Reuters) -Chinese lithium miner Tianqi has appealed a ruling by Chilean financial regulator CMF that shareholder approval is not needed to proceed with a major tie-up set to boost state control over the country’s lithium sector, it said on Saturday. Tianqi has repeatedly called for the planned …
China’s Tianqi appeals Chile ruling on SQM-Codelco lithium deal Read More »
HANOI (Reuters) – Vietnam received foreign investment inflows of $12.55 billion from the start of the year to July 20, up 8.4% from the corresponding period a year earlier, the planning and investment ministry said on Saturday. Foreign investment pledges, which indicate the size of future inflows, rose 10.9% in the period to $18 billion, …
Vietnam’s Jan-July foreign investment inflows up 8.4% y/y at $12.55 billion Read More »
BEIJING (Reuters) -China’s industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers’ sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from …
China’s industrial profits post faster gains in June despite faltering economy Read More »
BEIJING (Reuters) – Profits at China’s industrial firms rose 3.5% in the first half of 2024 compared with the same period in 2023, official data showed on Saturday. The rise followed a 3.4% rise for January-May, according to the National Bureau of Statistics (NBS). The data covers firms with annual revenues of at least 20 …
By Makiko Yamazaki RIO DE JANEIRO (Reuters) -Japan sees the reaffirmation in the latest G20 joint communique of existing commitments against excessive foreign exchange volatility as one of the major achievements, Finance Minister Shunichi Suzuki said on Friday. “We believe there were major achievements at G20, such as the inclusion of the reaffirmed foreign exchange …
Japan touts G20 reaffirmation of forex commitments as key achievement Read More »
TOKYO (Reuters) – U.S. Treasury Secretary Janet Yellen said Japan had explained its intervention into the currency market in 2022, the Nikkei Business daily reported on Saturday. “The Japanese government did explain to us that they saw volatility,” Yellen told the Nikkei, referring to Japan’s forex intervention in 2022. “There had been quite large movements …
Yellen says Japan explained 2022 FX intervention, Nikkei reports Read More »
By David Lawder RIO DE JANEIRO (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that emerging markets, including some G20 countries, share her concerns about China’s excess industrial capacity and should press Beijing to change its economic model. THE TAKE: Yellen told Reuters in an interview that the concerns about China overinvesting in …
Yellen: Emerging markets share concerns on China’s excess factory capacity Read More »
