TOKYO (Reuters) -Toyota Motor may announce plans next week to import vehicles manufactured in the United States to Japan during U.S. President Trump’s three-day visit to the country starting on Monday, public broadcaster NHK said on Saturday. Toyota Chairman Akio Toyoda is expected to unveil the plan during a scheduled meeting between Trump and top …
Toyota may announce US-made vehicle imports to Japan, NHK says Read More »
By David Lawder and Jasper Ward WASHINGTON (Reuters) -The U.S. Trade Representative’s office on Friday said it had launched a new tariff investigation into China’s “apparent failure” to comply with the “Phase One” trade deal signed with President Donald Trump in 2020 to end his first-term U.S.-China trade war. The new unfair trade practices probe …
US launches investigation into China’s compliance with 2020 trade deal Read More »
By David Shepardson WASHINGTON (Reuters) -A subsidiary of Chinese battery company Gotion has abandoned a plan to build a $2.4 billion plant in Michigan to produce key materials for electric vehicle batteries, the state said on Thursday. The plan, first announced in October 2022, was expected to create 2,350 factory jobs but came under criticism …
China-linked battery company abandons plan to build Michigan plant, state says Read More »
BRUSSELS (Reuters) -European Union and Chinese officials will meet in Brussels next week looking to smooth trade tensions, notably China’s expansion of controls on rare earth exports that threaten to damage important EU manufacturing sectors such as the automotive industry. European Trade Commissioner Maros Sefcovic and Chinese Commerce Minister Wang Wentao agreed in a two-hour …
Brussels to host EU-China talks on rare earth export controls Read More »
(refiles to clarify location of Rhenus Logistics official, paragraph 18) By Maria Martinez, Helen Reid and Philip Blenkinsop BERLIN (Reuters) -A century-old tyre retreading firm based in a small town north of Hamburg in Germany kept British occupation trucks rolling after World War Two. Now it deals with newcomers of a different kind: heavily discounted …
Pressure grows on Europe to act on Chinese import surge Read More »
BEIJING (Reuters) -China on Friday unveiled a proposal for a more stringent steel capacity swap plan to reduce existing capacity and rebalance supply and demand, 14 months after it paused the old programme. The original swap plan required steel mills to remove at least an equal amount of older existing steelmaking capacity when they add …
China proposes tougher steel capacity swap plan to curb overcapacity Read More »
(Reuters) -U.S. equity funds saw robust inflows in the week through October 22 bolstered by optimism over a broadly upbeat quarterly earnings season so far. Easing U.S.-China trade tensions, with trade talks between U.S. President Donald Trump and Chinese President Xi Jinping planned for the next week, also supported sentiments. Investors bought a net $9.65 …
U.S. equity funds see strong inflows as earnings optimism boost risk appetite Read More »
BEIJING (Reuters) -China will increase the proportion of government investment for people’s livelihoods and raise the percentage of household consumption of GDP “significantly” over the next five years, officials told reporters on Friday. The comments came after China unveiled its outline for economic and other policy goals for 2026-2030 on Thursday, which showed the leadership …
China vows to raise household consumption ‘significantly’ Read More »
BEIJING/HONG KONG (Reuters) -Chinese construction equipment manufacturer Sany Heavy Industry has raised HK$12.36 billion ($1.59 billion) from a Hong Kong second listing after setting the offering at HK$21.30 per H-share, according to a Shanghai Stock Exchange filing on Friday. Sany Heavy Industry priced the offering at the top of a price range of HK$20.30 to …
Sany Heavy Industry raises $1.6 billion in Hong Kong listing Read More »
(Refiles to fix formatting in bullet points) BEIJING/SHANGHAI (Reuters) -China’s biggest brokerage CITIC Securities on Friday reported a 51.5% year-on-year rise in third-quarter profit, driven by strong investment gains. In a stock exchange filing, CITIC said net profit for the three months to September 30 reached 9.44 billion yuan ($1.33 billion). China’s stock markets rallied …
China’s CITIC Securities books 51.5% rise in Q3 profit, driven by investment gains Read More »
