Reuters Asia Business

India’s new EV policy allows imports from any country, including China, official says

2 Apr 2024

NEW DELHI (Reuters) – India has no restrictions on the import of electric vehicles from any country, including China, under a new EV policy, a senior government official told broadcaster CNBC-TV18 on Tuesday. Last month, India announced lowering import taxes on certain electric vehicles produced by carmakers who commit to invest at least $500 million …

India’s new EV policy allows imports from any country, including China, official says Read More »

Japanese authorities inspect second Kobayashi Pharma factory after deaths

1 Apr 2024

TOKYO (Reuters) -Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama prefecture follows one on Saturday in Osaka, expanding the investigation into the drugmaker’s use of “Beni-Koji” red yeast materials. Osaka-based Kobayashi said …

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Exclusive-China power firm GCL revives LNG ambition after solar spin-off

1 Apr 2024

By Chen Aizhu SINGAPORE (Reuters) – Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters. If successful, GCL would join so-called tier-two liquefied natural gas (LNG) players in China such as city-gas …

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Nippon Steel emphasises its ‘deep roots’ in the US as it pursues U.S. Steel deal

1 Apr 2024

By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) – Nippon Steel intends to pursue its proposed acquisition of U.S. Steel and wants its “deep roots” in the United States to be recognised, its new president said – remarks that come after U.S. President Joe Biden expressed opposition to the deal. The Japanese firm has agreed …

Nippon Steel emphasises its ‘deep roots’ in the US as it pursues U.S. Steel deal Read More »

Japanese banks less reluctant to finance hostile takeovers, lobby chief says

1 Apr 2024

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japanese banks have become less reluctant to finance hostile acquisitions because the government’s new takeover guidelines have shaken off the taboo on such deals, Japan’s new banking lobby chief said. The comments from Akihiro Fukutome, the head of the Japanese Bankers Association, offer evidence of a sea …

Japanese banks less reluctant to finance hostile takeovers, lobby chief says Read More »

Pakistan annual CPI gauge drops to 20.7% in March, data shows

1 Apr 2024

By Gibran Naiyyar Peshimam KARACHI (Reuters) – Pakistan’s consumer price index (CPI) for March was up 20.7% from the same month last year, data from the Pakistan Bureau of Statistics showed on Monday, the lowest reading in nearly two years and below the finance ministry’s projections for the month. Compared with the previous month, inflation …

Pakistan annual CPI gauge drops to 20.7% in March, data shows Read More »

China’s forecast-beating economic data buys officials time to figure out fix

1 Apr 2024

By Joe Cash BEIJING (Reuters) – China’s $18.6 trillion economy has skirted some near-term downside risks as suggested by recent indicators, analysts said, buying officials more time to convince investors they can fire up a new growth engine for 2024 and the years ahead. Economic data over the January-February period and a factory owners survey …

China’s forecast-beating economic data buys officials time to figure out fix Read More »

Xiaomi’s EV buyers face month-long waits for deliveries in sign of robust demand

1 Apr 2024

By Yelin Mo and Brenda Goh BEIJING (Reuters) – China’s Xiaomi is advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle. The maker of smartphones and other consumer electronics began taking orders on Thursday and said …

Xiaomi’s EV buyers face month-long waits for deliveries in sign of robust demand Read More »

China’s forecast-beating economic data buys officials time to figure out fix

1 Apr 2024

By Joe Cash BEIJING (Reuters) – China’s $18.6 trillion economy has skirted some near-term downside risks as suggested by recent indicators, analysts said, buying officials more time to convince investors they can fire up a new growth engine for 2024 and the years ahead. Economic data over the January-February period and a factory owners survey …

China’s forecast-beating economic data buys officials time to figure out fix Read More »

China to import more from France, foreign minister says amid European autos probe

1 Apr 2024

By Laurie Chen BEIJING (Reuters) -China on Monday promised to import more high-quality products and services from France, after a European probe into Chinese electric vehicle exports supported by Paris threatened to spark a tit-for-tat trade dispute between the two countries. China’s foreign minister Wang Yi, at a joint press event with his French counterpart, …

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