By Marco Aquino LIMA (Reuters) – Peru’s government does not expect an upcoming trip by President Dina Boluarte to China or the increase in investments by Chinese firms in the Andean nation to cause “resentment” from the U.S., Peru’s prime minister said on Monday. Boluarte will visit Beijing at the end of this month, with …
Peru PM says boost in China’s investments will not prompt US ‘resentment’ Read More »
By Naveen Thukral SINGAPORE (Reuters) -Pork suppliers from South America and the U.S. could gain market share in China if Beijing restricts imports from the European Union in response to escalating trade tensions, traders and analysts said. Russia, increasingly a close trading partner of China that started exporting pork to China in February, could also …
Rival pork exporters could benefit from China-EU trade tensions Read More »
SINGAPORE (Reuters) – French industrial group Seche Environnement has agreed to buy Singapore’s ECO Industrial Environmental Engineering for around S$605 million ($447.4 million), according to a statement by the company dated Monday. The group is buying the Singaporean hazardous waste company from Beijing Capital Eco-Environment Protection Group, according to the statement. Reuters reported earlier this …
Seche Environnement to buy Singaporean hazardous waste firm ECO for $447 million Read More »
By Melanie Burton and Fabio Teixeira MELBOURNE/RIO DE JANEIRO (Reuters) – Mining giant Brazil has big ambitions to build a rare earths industry as Western economies push to secure the metals needed for magnets used in green energy and defence and break China’s dominance of the supply chain. Working to its advantage are low labour …
Brazil joins race to loosen China’s grip on rare earths industry Read More »
By Joe Cash BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports. The investigation announced by China’s commerce ministry on Monday will focus on pork …
China opens tit-for-tat anti-dumping probe into European pork Read More »
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Monday said it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of TikTok creators filed suit to block the …
Appeals court to hear challenges to potential US TikTok ban on Sept. 16 Read More »
BEIJING/NEW YORK (Reuters) -Warren Buffett’s Berkshire Hathaway has trimmed its stake in China’s BYD, which surpassed Tesla last year as the world’s largest seller of electric vehicles. Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million), according to a filing on Monday with the Hong Kong stock exchange. That reduced …
TAIPEI (Reuters) – U.S. networking equipment maker Cisco said on Monday it would set up a cybersecurity centre in Taiwan and work with the government to train more people to work in the sector. Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China, targeting government officials …
Cisco to establish cybersecurity centre in Taiwan Read More »
By Kevin Yao, Albee Zhang and Ellen Zhang BEIJING (Reuters) -China’s May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth. Apart from retail sales that beat forecasts due to a holiday boost, the flurry of data …
China’s factory output disappoints, property sector stuck in doldrums Read More »
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Monday he has no plan for the government’s pension fund to buy the central bank’s holdings of exchange-traded funds (ETF). “The Bank of Japan holds ETFs as part of its monetary policy efforts to achieve its price target. It’s up to the …
Japan’s Kishida says no plan for pension fund to buy BOJ’s ETF holdings Read More »
