By David Lawder and David Shepardson WASHINGTON (Reuters) – A wide swath of pro-trade American business groups has asked the Biden administration for another month to comment on plans to impose steeper tariffs on Chinese imports of electric vehicles, batteries, solar products and other goods, effectively delaying the Aug. 1 start date for many of …
US industry groups seek hearing, more on Biden’s China tariff hike Read More »
By Michael Hogan and Belén Carreño HAMBURG/LLEIDA (Reuters) – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported …
EU pork industry faces ‘nightmare’ if China restricts imports Read More »
BEIJING (Reuters) – China’s market regulator said on Friday that Tesla would fix software in 5,836 imported Model 3, Model S and Model X cars from July, citing safety issues. The action is described as a product recall under Chinese regulations, the regulator said. It was not immediately clear if drivers might need, or would …
Tesla to fix software in 5,836 imported cars in China, watchdog says Read More »
By Anton Bridge TOKYO (Reuters) -Japan’s securities watchdog recommended on Friday that the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) be penalised for what it said was unauthorised sharing of client information. The Securities and Exchange Surveillance Commission (SESC) made the recommendation to the banking regulator, the Financial Services Agency (FSA), which …
Japan watchdog recommends action on MUFG units over sharing of client data Read More »
By Andreas Rinke and Friederike Heine (Reuters) -Germany wants “serious movement” from China on the issue of tariffs on imported electric vehicles and hopes that talks in the coming weeks can stave off an escalating trade conflict that the transport minister on Friday warned could be catastrophic. Chancellor Olaf Scholz’s government is pushing for what …
Germany says ‘serious movement’ needed from China in EV tariff row Read More »
By M. Sriram, Aditi Shah and Scott Murdoch MUMBAI/SYDNEY (Reuters) -South Korea’s Hyundai Motor is looking to sell a stake of up to 17.5% in the planned initial public offering of its India unit to raise up to $3 billion, three sources familiar with the matter said, in what could be India’s biggest ever IPO. …
Hyundai to sell up to 17.5% stake in India unit IPO, sources say Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan said on Friday it would start trimming its huge bond purchases and announce a detailed plan next month on reducing its nearly $5 trillion balance sheet, taking another step toward unwinding its massive monetary stimulus. Governor Kazuo Ueda also said he would not rule out raising …
Bank of Japan to trim bond buying, keeps rates steady Read More »
By Mei Mei Chu BEIJING (Reuters) -Chinese firms have formally applied for an anti-dumping probe into pork imports from the European Union, the state-backed Global Times reported, escalating tensions after the bloc imposed anti-subsidy duties on Chinese-made electric vehicles. The move opens a new front in bilateral strains in one of the world’s key trading …
China firms seek anti-dumping probe of EU pork imports Read More »
By Xie Yu HONG KONG (Reuters) -Lawyers appointed by the liquidators of China Evergrande Group are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three sources said. Evergrande, once China’s largest property developer, was ordered to be liquidated by a Hong Kong court in …
Evergrande liquidation law firm probing PwC, others for potential claims, sources say Read More »
By America Hernandez (Reuters) -French oil and gas major TotalEnergies will sell its Brunei business to Malaysian independent exploration and production firm Hibiscus Petroleum for $259.4 million, both companies said on Friday. TotalEnergies said the sale is part of its strategy to sell its mature fields and reallocate cash to promising new locations, such as …
TotalEnergies sells Brunei unit to Hibiscus Petroleum for $259 million Read More »
