KUALA LUMPUR (Reuters) -Malaysian Prime Minister Anwar Ibrahim said the development of a 600 million ringgit ($142 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported. In July, Australia’s Lynas Rare Earths and South Korea’s JS Link signed a deal to develop a 3,000-tonne neodymium …
By Yantoultra Ngui SINGAPORE (Reuters) -Aquilius Investment Partners has raised $1.1 billion for its second Asia Pacific real estate secondaries fund, marking the region’s largest of its kind, the Singapore-based firm said on Monday. Secondaries, deals where investors buy existing stakes in private funds, are among the fastest-growing alternative strategies globally, according to Preqin. The …
Aquilius raises $1.1 billion for Asia’s largest real estate secondaries fund Read More »
SEOUL (Reuters) -South Korea’s factory activity contracted in October after briefly expanding a month earlier as businesses remained cautious amid a global outlook clouded by Washington’s tariff policies. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy, released by S&P Global, fell to 49.4 in October, from 50.7 in September. The 50-mark separates …
South Korea factory output contracts in Oct, PMI shows Read More »
SHANGHAI (Reuters) -China’s CATL has placed orders with external suppliers for lithium ore in November, sources say, as the battery giant seeks alternative feedstock while its flagship Jianxiawo mine is closed. A CATL subsidiary and joint venture producing lithium carbonate in Yichun, near where the mine is located, made the orders with traders earlier this …
CATL taps outside suppliers for lithium ore as flagship mine stays closed Read More »
PARIS (Reuters) -Chinese online retailer Shein has pulled from sale childlike sex dolls after they were found on its website by the French consumer watchdog, the company said on Sunday. France’s Directorate-General for Competition, Consumer Affairs, and Fraud Control (DGCCRF) had said late on Saturday it spotted the dolls on the website along with several …
China’s Shein pulls child-like sex dolls from sale following French watchdog complaint Read More »
BEIJING (Reuters) -China’s Commerce Minister Wang Wentao met with South Korea’s trade and industry minister on Saturday and discussed safeguarding the stability of supply chains, Wang’s ministry said in a statement released on Sunday. Both sides should enhance communication through existing export control and supply chain mechanisms to ensure the smooth operation of supply chains …
China’s commerce minister calls for supply chain cooperation with South Korea Read More »
AMSTERDAM (Reuters) -Nexperia BV, the Dutch chipmaker, said on Sunday it welcomed recent statements by the U.S. and Chinese governments removing barriers to the company shipping its chips, but it declined to comment on statements made by its Chinese subsidiary that it will accelerate steps towards becoming independent. Nexperia said its focus is now on …
BEIJING (Reuters) -China Vanke, a state-backed property developer battling liquidity stress, said on Sunday its largest shareholder, Shenzhen Metro Group, agreed to provide loans of up to 22 billion yuan ($3.09 billion), a stock exchange filing showed. One of China’s best-known household names, with many projects across bigger cities, Vanke is about a third owned …
China Vanke says Shenzhen Metro agrees to provide loans of up to $3 billion Read More »
BEIJING (Reuters) -Dutch chipmaker Nexperia’s China unit said on Sunday that it had established “sufficient inventories of finished goods and work-in-progress” and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant on October 26, calling it “a direct …
By David Lawder and Andrea Shalal (Reuters) -The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, …
Factbox-What did Trump, Xi agree to on tariffs, export controls and fentanyl Read More »
