Reuters Asia Business

BEIJING (Reuters) – Taiwan’s Foxconn, the largest supplier of Apple iPhones, is the subject of tax audits in China at some of its key subsidiaries, suspected of violating laws and regulations, Chinese state media reported on Sunday. China’s natural resources department also conducted on-site investigations on the land use of Foxconn enterprises in Henan and …

Foxconn faces tax audit, land use probe, Chinese state media reports Read More »

SHANGHAI/BEIJING (Reuters) – China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People’s Bank of China Governor Pan Gongsheng said in a report published on Saturday. The central bank will make its policy more “precise and forceful”, while guiding financial institutions to cut real lending rates and …

China to bolster economic recovery and curb risks, central bank head says Read More »

SEOUL (Reuters) – North Korea on Saturday condemned the United States for supplying Ukraine with long-range ballistic missiles known as ATACMS, saying any strike on Russia with them will only hamper peace efforts. On Tuesday, Ukraine said it used the U.S.-supplied Army Tactical Missile System (ATACMS) for the first time, inflicting heavy damage on two …

North Korea condemns US for supplying long-range missiles to Ukraine Read More »

By Siyi Liu and Dominique Patton BEIJING (Reuters) -China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China is the world’s top graphite producer and exporter. It …

China, world’s top graphite producer, tightens exports of key battery material Read More »