Reuters Asia Business

By Uditha Jayasinghe and Chen Aizhu COLOMBO (Reuters) -Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on Saturday. “It’s on the agenda for Monday. Once the cabinet gives approval, we will invite them to sign the …

Sri Lanka to OK Sinopec’s $4.5 billion refinery proposal on Monday -minister Read More »

(Reuters) – China-based Zeekr Intelligent’s revenue nearly doubled in the first nine months of the year, the electric car brand revealed in its updated paperwork filed with the U.S. securities regulator on Friday for its initial public offering. Zeekr, owned by Chinese automaker Geely Auto, had made its listing prospectus public earlier this month after …

China’s Zeekr reveals revenue surge in updated financials ahead of US IPO Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Regulators in the European Union, China and France have asked for information on Nvidia’s graphic cards, with more requests expected in the future, the U.S. chip giant said in a regulatory filing. Nvidia is the world’s largest maker of chips used both for artificial intelligence and for computer …

EU, Chinese, French regulators seeking info on graphic cards, Nvidia says Read More »

MILAN (Reuters) – Italian spirit group Campari and Chinese group Sichuan Yibin Wuliangye, known for the Chinese liquor baijiu, have signed a memorandum of understanding for strategic cooperation, they said on Friday. “The two groups will collaborate in areas such as new product co-creation, channel expansion, strengthening marketing cooperation, and promoting brand culture to support …

Campari signs MoU with China’s Wuliangye for strategic cooperation Read More »

(Reuters) – Hong Kong Exchanges and Clearing Ltd on Friday said it had added the Indonesia Stock Exchange (IDX) as a Recognised Stock Exchange (RSE), allowing companies listed on Indonesia to apply for a secondary listing in Hong Kong. (Reporting by Roshan Thomas in Bengaluru; Editing by Nivedita Bhattacharjee)

HEFEI, China/BERLIN (Reuters) – Volkswagen said on Friday it will develop a new platform for entry-level electric vehicles in China and use more local components to lower costs, as the German company seeks to regain lost ground in the world’s biggest auto market. The new architecture, known as the A Main Platform, will be made …

Volkswagen to launch China-specific entry level electric platform Read More »