OTTAWA (Reuters) – Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced this week, a source with direct knowledge of the deal said on Monday. Under the terms of the agreement with Ottawa and Ontario, Honda will build batteries, …
Honda to build electric vehicles and batteries in Ontario, says source Read More »
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – China’s data-driven quant trading funds are briskly expanding overseas as competition heats up at home and regulators tighten scrutiny of the $260 billion sector. Meridian & Saturn Capital (MS Capital), with offices in Shanghai and Singapore, said it is starting to offer its China strategy …
Chinese quant funds expand abroad as rules tighten at home Read More »
SANTIAGO (Reuters) – The Chilean government’s decision to impose anti-dumping tariffs on two steel products from China boosted shares of the local steelmaker CAP on Monday, which decided to suspend an announced closure of a plant. The shares of the local steel company rose up to 3.1% during Monday morning on the Santiago Stock Exchange. …
Chile’s tariffs on Chinese steel products boost CAP stock Read More »
BEIJING (Reuters) – China’s fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors including previous tax cut policies weighed, the finance ministry said on Monday. The world’s second-biggest economy grew faster than expected in the first quarter, data showed last week, offering some relief to officials, but March …
China’s Q1 fiscal revenue falls as tax cut policies weigh Read More »
TAIPEI (Reuters) – Taiwan’s export orders rose less than expected in March, but the government said it expected surging demand for artificial intelligence (AI) applications to fuel future demand for the island’s high-tech products. Export orders last month climbed 1.2% from a year earlier to $47.16 billion, the economy ministry said on Monday, missing the …
Taiwan March export orders trails forecasts, but govt pins hopes on AI Read More »
By Selena Li and Xie Yu HONG KONG (Reuters) – Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand their footprints and source talent from across the world. But as doubts …
Analysis-Souring China dreams force Western financial firms to cut costs Read More »
SHANGHAI (Reuters) – China’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total …
China’s state planner warns intensified EV price war on oversupply Read More »
By Anastasia Lyrchikova and Alexander Marrow MOSCOW (Reuters) -Metals giant Nornickel will close its copper plant that seeks to cut sulphur dioxide emissions in the Russian Arctic and build a new one in China, CEO Vladimir Potanin said, after Western technology partners refused to supply parts. Nornickel, the world’s largest palladium producer and amajor producer …
Nornickel set to build copper plant in China after shutting Russian factory Read More »
SHANGHAI (Reuters) – Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds’ latest quarterly reports show. The sovereign fund bought at least 300 billion yuan ($41.42 billion) of exchanged-traded funds (ETFs) in the first quarter, including …
China state fund pours $41 billion into stock market in Q1, reports show Read More »
BEIJING (Reuters) – Xiaomi’s CEO said the company will offer more details about its production capacity and delivery plan for the SU7 vehicle at the Beijing Auto Show, according to a Weibo post on Monday. Lei Jun also said Xiaomi has started deliveries for the standard and MAX versions of the SU7 ahead of schedule. …
Xiaomi CEO says will introduce production capacity, delivery plan for SU7 at auto show Read More »
