By Jonathan Cable and Sam Holmes LONDON (Reuters) -The world’s big manufacturing economies struggled to fire up in October, business surveys showed on Monday, as weak U.S. demand and President Donald Trump’s tariffs hit factory orders. Factories in the United States have also been battered by the import duties. New orders were depressed and supply …
Big manufacturing economies struggle as US tariffs hit order books Read More »
By Kane Wu HONG KONG (Reuters) -Chinese autonomous driving firm Pony AI has set the final offer price for its Hong Kong listing at HK$139 ($17.90) per share, a filing with the exchange showed on Monday. Reuters reported earlier in the day that the firm was set to price its Hong Kong listing at HK$139 …
Pony AI prices HK listing, seeks to raise up to $864 million Read More »
BEIJING/FRANKFURT (Reuters) -Germany’s Aumovio is among automotive suppliers that have reached out to Beijing to seek exemptions from export constraints for chips made by Nexperia, a person familiar with the matter said. Aumovio, which was spun off from Continental AG last month, has applied for such an exemption with the Chinese commerce ministry, the source …
German car supplier Aumovio seeks Nexperia chip export exemption from China, source says Read More »
By Sethuraman N R and Ruma Paul NEW DELHI/DHAKA (Reuters) -India’s Adani Power said on Monday it has opted for an international arbitration process to resolve disputes over Bangladesh’s power supply payments. The company led by Indian billionaire Gautam Adani has been at loggerheads with Bangladesh Power Development Board over pending payments for the electricity …
India’s Adani Power opts for arbitration to settle payment dispute with Bangladesh Read More »
By Gleb Stolyarov (Reuters) -Japan’s Mazda Motor has lost the right to buy back its 50% stake in a car-manufacturing joint venture in Russia after failing to exercise an option to do so, its former Russian partner Sollers told Reuters. Abandoning the Russian market after Moscow’s invasion of Ukraine in 2022, global carmakers including Mazda, …
Mazda is first foreign automaker to lose buyback rights in Russian JV, ex-partner says Read More »
BEIJING (Reuters) -China will extend its visa-free entry policy for 45 countries including France, Germany and Spain to December 31, 2026 and expand the scheme to cover Sweden, effective November 10, the foreign ministry said on Monday. The extension covers 32 European countries as well as Australia, New Zealand, Japan, South Korea and several nations …
China extends visa-free policy to end-2026, adds Sweden to scheme Read More »
SHANGHAI (Reuters) -A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metal that is likely to hit retail demand in the world’s biggest consumer market. State-owned China Construction Bank said on Monday it would no longer accept applications for one …
China cuts gold tax exemption as state bank stops gold product enrolments Read More »
PARIS/SHANGHAI (Reuters) -Renault is in talks with more automakers including China’s Chery to explore partnerships to jointly produce and sell cars, a top executive said. Fabrice Cambolive, Renault Group’s chief growth officer, told reporters on Friday about the talks while announcing the completion on Monday of a deal in Brazil with China’s Geely. The move …
Renault in talks with automakers including Chery after Brazil deal with Geely Read More »
(Reuters) -The world’s largest refiner by capacity, Sinopec Group, is in talks to buy the country’s dominant jet fuel distributor, China National Aviation Fuel Group (CNAF) in a government-initiated move, Bloomberg News reported on Monday. Talks are ongoing, with no set timeline or certainty of a deal, but if completed, Sinopec would take over all …
Sinopec in talks to buy China’s leading jet fuel distributor, Bloomberg News reports Read More »
By Ariba Shahid KARACHI (Reuters) -Pakistan’s consumer price inflation accelerated to 6.2% year-on-year in October, the highest reading in 12 months, data showed on Monday, as food prices rose following floods and temporary border disruptions strained supply chains. On a month-on-month basis, prices were up 1.8%, the Pakistan Bureau of Statistics said. The data came …
Pakistan October inflation rises to 6.2%, highest in 12 months Read More »
