GYEONGJU, South Korea (Reuters) -South Korean President Lee Jae Myung will sit down with Chinese President Xi Jinping for talks on Saturday, marking the first bilateral summit between the leaders and the first visit by Xi to his Asian neighbour in more than a decade. The pair will meet on the sidelines of the Asia-Pacific …
Factbox-Issues at stake in summit between China’s Xi and South Korea’s Lee Read More »
BEIJING (Reuters) -China’s state-backed non-ferrous metals industry association has advised setting a capacity cap for some metals, including copper, lead and zinc to curb the addition of new capacity as low processing fees have hurt smelters’ profitability, a state media outlet said on Thursday. A more rapid expansion in supply than demand in China has …
China’s industry association recommends capacity cap for copper, lead and zinc Read More »
By Jihoon Lee GYEONGJU, South Korea (Reuters) -Most Asia-Pacific countries want and are heading in the direction of free and open trade, a senior official at the Asia-Pacific Economic Cooperation (APEC) secretariat said, as U.S. President Donald Trump’s tariffs overshadowed the forum’s annual summit. Carlos Kuriyama, Director of the Policy Support Unit, also told Reuters …
APEC official says member countries working hard for consensus on trade Read More »
By Faith Hung and Jeanny Kao TAIPEI (Reuters) -Taiwan plans to raise its economic growth forecast this year to more than 5% after the economy expanded by a better-than-expected rate in the third quarter given a strong performance by the crucial tech sector thanks to the AI boom. Taiwan’s gross domestic product grew 7.64% year-on-year …
Taiwan plans to raise 2025 growth target as AI boom boosts Q3 figures Read More »
BEIJING (Reuters) -Chinese carmaker Li Auto will recall 11,411 of its MEGA 2024 multi-purpose electric vehicles, a Chinese regulator said in a product recall notice on Friday. MEGA EVs made between February 18 and December 17, 2024, used coolant with insufficient corrosion resistance, which “in extreme cases can lead to thermal runaway of the power …
China’s Li Auto to recall 11,411 MEGA 2024 EVs, market regulator says Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japanese utilities JERA, Tohoku Electric Power and Kyushu Electric Power, all liquefied natural gas buyers from Russia’s Sakhalin-2, can secure alternative supplies if flows are interrupted, excutives said, as the U.S. pressures countries to halt energy imports from Russia. The U.S. this month urged Japan, along with …
Executives say Japan utilities can replace Sakhalin-2 supply if LNG interrupted Read More »
BEIJING (Reuters) -Chinese autonomous driving firm Pony.ai has been granted the first citywide permit for driverless commercial robotaxi operations in the city of Shenzhen in southern China, it said on Friday. The permit was jointly granted to Pony.ai and the city’s largest taxi operator Xihu Group, the company said in a statement. The driverless robotaxi …
Pony.ai granted first citywide driverless commercial robotaxi permit in China’s Shenzhen Read More »
HONG KONG (Reuters) -Hong Kong’s retail sales by value in September rose 5.9% from a year earlier, the fifth straight month of gains, government data showed on Friday. Sales increased to HK$31.3 billion ($4.03 billion). In August, retail sales rose 3.9% from the same month the year before. In volume terms, September retail sales increased …
Hong Kong September retail sales rise 5.9% from a year earlier Read More »
By James Pomfret HONG KONG (Reuters) -Hong Kong’s economy expanded in the third quarter by a faster-than-expected 3.8% year-on-year, official advance estimates showed on Friday, growing for an 11th consecutive quarter. That was a faster rate than the mean forecast of 3.1% year-on-year growth by 10 economists in a Reuters poll. Hong Kong reported 3.1% …
Hong Kong Q3 GDP expands by 3.8% y/y, faster than forecast Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -The mood music in some of the world’s biggest bond markets has shifted in October as concerns about hefty borrowing and sticky inflation ebb, prompting a rush back to the likes of British, German and Japanese debt. UK government bonds, or gilts, battered earlier this year by …
An October to remember for bruised global bond markets Read More »
