Reuters Asia Business

BEIJING (Reuters) – China will provide consular protection and assistance to two Chinese employees of smartphone maker Vivo arrested by Indian authorities and urges India not to discriminate against Chinese companies, a foreign ministry spokesperson said on Monday. “We are closely following what you mentioned. The Chinese government firmly supports Chinese companies to safeguard their …

China to provide consular assistance to Vivo employees arrested in India Read More »

BANGKOK (Reuters) – Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over the next five years, a Thai government spokesperson said on Monday, supporting the Southeast Asian country’s transition to making electric vehicles. Toyota Motor and Honda Motor will invest about 50 billion baht each, while Isuzu Motors will invest …

Japan automakers to invest $4.3 billion in Thailand over 5 years -Thai govt Read More »

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank’s inflation target was “gradually rising” and it would consider changing policy if prospects of sustainably achieving the 2% target increase “sufficiently”. While companies are becoming more open to raising wages and prices, the key …

BOJ’s Ueda signals chance of policy shift, progress on price goal Read More »

(Reuters) – India’s financial crime-fighting agency has arrested two senior employees working for Chinese smartphone maker Vivo’s India unit, a source directly involved with the case said on Saturday, which the company vowed to challenge legally. The arrests come two months after the Enforcement Directorate arrested four industry executives, including one Chinese national, working for …

India arrests two senior employees of Chinese firm Vivo – source Read More »

XIAN (Reuters) – Chinese electric car maker Nio on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability. The ET9 executive sedan, positioned in the same class as Mercedes Benz’s Maybach and Porsche’s Panamera series, …

China’s Nio launches flagship EV to take on Maybach, Panamera Read More »

By Nick Carey LONDON (Reuters) – U.S. startup ClearMotion will supply its active suspension technology for Chinese EV maker Nio’s upcoming ET9 in a contract covering 750,000 cars over the lifetime of the luxury sedan model, the two companies said on Saturday. Nio was due to launch the ET9 on Saturday and the electric vehicle …

ClearMotion to supply smooth suspension tech for Nio’s ET9 EV Read More »

SHANGHAI (Reuters) – China’s draft online video gaming rules were designed to promote the healthy development of the industry, regulators said on Saturday, adding that the government would further improve the proposed rules after “earnestly studying” public views. The statement from the press and publications watchdog came a day after China released proposed sweeping rules …

China regulator to ‘earnestly study’ public concerns over draft video gaming rules Read More »

SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With the latest tranche, China has now earmarked more than 800 billion yuan of …

China identifies second set of projects in $140 billion spending plan Read More »