BEIJING (Reuters) – China on Tuesday urged the European Union to revoke sanctions on Chinese companies for what it believes is supporting Russia’s war in Ukraine. China always opposes unilateral sanctions, and has made solemn representations to the EU side, spokesperson Mao Ning told a press conference. (Reporting by Beijing newsroom; Editing by Jacqueline Wong)
(This June 19 story has been refiled to correct the spelling of attorney’s name to ‘Burroughs,’ in paragraph 10) By Arriana McLymore NEW YORK (Reuters) – Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, …
What is at stake for China-founded e-commerce giant Shein as EU rule looms Read More »
By Kane Wu and Julie Zhu HONG KONG (Reuters) -Shein confidentially filed papers with Britain’s markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year. The China-founded company, which was valued at $66 billion in a fundraising round last …
Shein filed for London listing in early June, sources say Read More »
TOKYO (Reuters) – Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has fallen to 79.22% from 95.93% a year ago after proxy advisor Institutional Shareholder Services (ISS) recommended against his reappointment, a stock market filing showed on Tuesday. ISS opposed Son’s reappointment because the tech investment group had posted an average …
Shareholder support for SoftBank CEO Son’s reappointment falls to 79% Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will sign a debt restructuring agreement with a group of creditor nations on Wednesday, the government said in a major step to help stabilise the country’s finances following its economic crisis. President Ranil Wickremesinghe updated his cabinet on the debt restructuring late on Monday, Foreign Minister Ali Sabry …
Sri Lanka to sign agreement with creditor nations on Wednesday Read More »
By Leika Kihara TOKYO (Reuters) – Japanese households are bearing the brunt of the central bank’s snail-pace normalisation of loose monetary policy which is giving investors a perfect excuse to push down the yen, Izuru Kato, a prominent Bank of Japan watcher, said on Tuesday. The weak yen has become a headache for Japanese policymakers …
Veteran BOJ watcher warns Japanese households facing more pain from weak yen Read More »
By Xie Yu and Clare Jim HONG KONG (Reuters) – Shimao Group has sweetened its offshore debt restructuring terms to garner support from creditors, said three sources, as the Chinese property developer scrambles to fend off a liquidation petition filed in a Hong Kong court. Shimao will on Wednesday face its first court hearing into …
TORONTO (Reuters) – Manulife Financial said on Monday it expects to generate more than C$22 billion ($16.11 billion) of cash by 2027, as the Canadian insurer laid out a plan ahead of its investor day in Asia for cash generation in a higher interest-rate environment. The insurer, which has increasingly focused on Asia for growth, …
Canadian insurer Manulife sets cash target ahead of Asia investor day Read More »
By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -Canada said on Monday it was considering whether to impose tariffs on China-made electric vehicles as it seeks to align itself with allies against what they see as a heavily subsidized Chinese industry. Finance Minister Chrystia Freeland said the domestic auto sector faced unfair competition from China’s …
Canada, inspired by EU and US, considers imposing import tariffs on Chinese EVs Read More »
By David Shepardson WASHINGTON (Reuters) -A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider the rule issued in April requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems. The Alliance for Automotive Innovation, representing General Motors, Toyota Motor, Volkswagen and nearly all other …
Automakers ask US agency to reconsider emergency braking rule Read More »
