Reuters Asia Business

By Divya Rajagopal TORONTO (Reuters) -A handful of Canadian, German and Australian critical mineral explorers plan to command premium prices for key metals used in electric vehicles, promising quality and consistency in exchange for shifting reliance away from China, the dominant producer and price-setter.  China controls 95% of the production and supply of rare earth …

Western miners seek premium pricing for rare earth metals to break China grip Read More »

BANGKOK (Reuters) -Thailand’s economy is projected to grow 2.7% this year and 3.6% next year, amid a highly uncertain global environment, the International Monetary Fund (IMF) said on Wednesday. The 2024 outlook was higher than the 3.2% forecast in mid-October, driven by improvements in external demand and continued solid growth in private consumption, the IMF …

IMF sees Thai GDP growth at 2.7% this year, 3.6% next year Read More »

By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers want the Biden administration to hike tariffs on Chinese-made vehicles and investigate ways to prevent Chinese companies from exporting to the United States from Mexico. Representative Mike Gallagher, a Republican who chairs a select committee on China, and the panel’s top Democrat, Raja Krishnamoorthi …

US lawmakers want Biden to hike tariffs on Chinese-made vehicles Read More »

TOKYO (Reuters) -France’s Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the alliance partners said in a statement, putting them on equal footing of cross-ownership. The new agreement for the restructured alliance between Renault, Nissan and junior partner Mitsubishi Motors …

Renault cuts Nissan stake to 15% after transferring shares to trust Read More »

(Reuters) -Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation’s biggest private property developer, four people familiar with the plan told Reuters. Ping An has said it categorically denies the story. Following are reactions to the article. EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL: “If …

Reaction to Reuters report on potential Ping An rescue of Country Garden Read More »

By Julie Zhu HONG KONG (Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation’s biggest private property developer, Reuters reported on Wednesday, citing sources familiar with the plan. A state-engineered rescue of Country Garden by Ping An would be one of the most …

Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden? Read More »

By Gaurav Dogra (Reuters) – Foreign investors are tiptoeing back into Asian equities in November, reversing a trend of heavy selling over the past three months, as easing concerns over aggressive interest rate hikes in developed markets renew risk appetite. Expectations are mounting that U.S. policy rates may have topped out, with potential cuts on …

Foreign investors trickle back into Asian equities on hopes of Fed rate cycle peak Read More »

BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales jumped 9.9% in October from a year earlier, the China Passenger Car Association (CPCA) said on Wednesday, extending gains to a third month as carmakers raced to meet sales goals in the world’s top auto market. Car sales totalled 2.05 million units last month. Sales in the first …

China car sales rise almost 10% yr/yr in Oct, third month of gains Read More »