By Florence Tan SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday. The potential price reduction for Asia, which accounts for about 80% of Saudi’s oil exports, underscores …
Saudi Arabia may cut oil prices for Asia for second month in August Read More »
By Joe Cash BEIJING (Reuters) -Chinese President Xi Jinping called on Friday for the building of “bridges” in the global economy, as Beijing grapples with economic, trade and territorial disputes with neighbours and trading partners. The world’s second-largest economy will never leave the road of peaceful development, Xi told a conference to commemorate China’s guiding …
China’s Xi calls for ‘bridges’ amid trade, diplomatic frictions Read More »
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japan appointed a new top foreign exchange diplomat on Friday as the yen plumbed a 38-year low against the dollar, heightening expectations of imminent market intervention by Tokyo to shore up the battered currency. Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda, who launched the biggest …
Japan names new FX diplomat as yen hits 38-year low Read More »
TOKYO (Reuters) – Japan’s Kobayashi Pharmaceutical said on Friday it was investigating 76 deaths and their potential relationship with its dietary supplements containing “Beni-Koji” red yeast. The company previously reported five deaths possibly linked to the product. (Reporting by Kantaro Komiya; Editing by Christopher Cushing)
(This June 27 story has been corrected to fix the spelling of the name ‘Dhupelia’ in paragraph 10) By Scott Murdoch SYDNEY (Reuters) – A possible revival in IPOs in Hong Kong after a pickup in Chinese regulatory approvals, and a string of mega deals in India are expected to make Asia a bright spot …
Asia to emerge as hot spot for equity deals as India activity surges Read More »
PARIS (Reuters) -Saudi Aramco is set to take a 10% stake in a thermal engine joint venture between Renault and China’s Geely called Horse Powertrain, said two sources familiar with the matter, beefing up a business supplying legacy automakers as electric-vehicle sales slow. The agreement to take a 10% stake in the Horse Powertrain business, …
Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say Read More »
By Joe Cash BEIJING (Reuters) – China’s manufacturing activity likely contracted for a second month in June, a Reuters poll showed on Thursday, keeping alive calls for fresh stimulus after a string of recent indicators showed the economy struggling to get back on its feet. The official purchasing managers’ index (PMI) was forecast at 49.5, …
China’s factories seen extending activity declines in June: Reuters poll Read More »
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group has launched a joint venture with Tempus AI that aims to analyse personal medical data with artificial intelligence (AI) to come up with treatment recommendations, chief executive officer Masayoshi Son told a briefing in Tokyo. This is the latest in a string of AI investments …
SoftBank Group launches AI healthcare joint venture with Tempus AI Read More »
By Gleb Stolyarov and Alexander Marrow MOSCOW (Reuters) – Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia’s small but rapidly expanding electric vehicle (EV) sector. Chinese carmakers have already seized more than half of Russia’s car market since Western competitors …
Zeekr’s sales jump as Chinese dominate Russian EV market Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Thursday that his government will seek an agreement with Chinese lithium miner Ganfeng while still defending Mexico’s rights, after the firm filed an arbitration case over a disputed concession. Lopez Obrador did not flesh out a potential agreement that could resolve the dispute, …
Mexico to seek deal over disputed mining concession with Chinese lithium firm Read More »
