BEIJING (Reuters) – China’s oil demand is expected to peak by 2030 at between 780 and 800 million metric tons per year, a research institute affiliated with China National Petroleum Corp (CNPC) said on Thursday. The research group, called the CNPC Economics and Technology Research Institute (ETRI), had previously said in 2021 that China’s oil …
China oil demand seen peaking by 2030 -CNPC research Read More »
SHANGHAI (Reuters) – Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency. The nascent battery unit, led by senior manufacturing engineers whose previous employers include Apple …
Exclusive-China EV maker Nio to spin off its battery production unit -sources Read More »
LONDON (Reuters) – Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world’s number two economy, senior executives at BlackRock Investment Institute (BII) said on Wednesday. Alex Brazier, deputy head of the BII – the research and analysis arm of the world’s largest asset manager – said during …
By Marc Jones (Reuters) -Moody’s put Hong Kong, Macau and swathes of China’s state-owned firms and banks on downgrade warnings on Wednesday as it wasted little time in following up on an identical move the previous day on the mainland government’s ratings. Moody’s said the moves for Hong Kong and Macau reflected their tight political, …
Moody’s cuts Hong Kong, Macau and bank rating outlooks following China move Read More »
By Svea Herbst-Bayliss (Reuters) -Activist investor Palliser Capital is urging Samsung C&T (SCT) to spend its cash better, improve governance and communications and simplify its corporate structure to boost its share price, said three sources familiar with the matter. The London-based hedge fund has suggested SCT consider making a number of potential changes that could …
Exclusive-Hedge fund Palliser urges changes at Samsung C&T -sources Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen must regularly check its operations in China to ensure its supply chains are safe and comply with human rights laws, two of the carmaker’s investors said, after an audit of its jointly owned Xinjiang site found no sign of forced labour. The demands made by Union Investment and Deka …
Volkswagen shareholders demand more scrutiny after Xinjiang audit Read More »
(Reuters) – A fall in the price of cobalt, a silvery-blue metal used in electric vehicle (EV) batteries, electronics and the defence sector, has yet to deter many Chinese-owned and other mines from expanding or maintaining output. Most of the expansions are in the Democratic Republic of Congo (DRC), the dominant producer with nearly 70% …
Factbox-Chinese and other cobalt mines boosting output despite price slide Read More »
(Reuters) – The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and project execution in China, consultancy Wood Mackenzie said on Tuesday. Orsted, the world’s largest offshore windfarm developer, energy giants BP and Norway’s Equinor …
Global wind power outlook takes hit from US weakness, China slowdown -WoodMac Read More »
By Francesco Guarascio, Khanh Vu and Mikhail Flores HANOI/MANILA (Reuters) -The World Organisation for Animal Health (WOAH) is warning that more testing of African swine fever vaccines is needed, triggered by Vietnam’s plans to export doses in coming months to fight a disease that regularly ravages pig farms worldwide. In a world first, Vietnam authorised …
By Gilles Guillaume PARIS (Reuters) -Renault’s long-standing alliance partners Nissan and Mitsubishi confirmed plans to invest in the French car maker’s electric vehicle unit Ampere and use it to develop EVs for the European market, the companies said on Wednesday. Nissan and Mitsubishi confirmed they would invest respectively up to 600 million euros ($647.46 million) …
Nissan, Mitsubishi confirm plans to invest in Renault EV unit Ampere Read More »
