By Yuka Obayashi TOKYO (Reuters) – The global nickel market is expected to remain in surplus next year as the output of low-grade nickel pig iron (NPI) will continue to grow in Indonesia, Sumitomo Metal Mining said on Thursday. The surplus will widen to 36,000 metric tons from 24,000 tons this year as Indonesia’s NPI …
Sumitomo Metal sees global nickel supply surplus widening in 2024 Read More »
STOCKHOLM (Reuters) -Volvo Cars’ sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in the U.S. and Europe, the Sweden-based group said on Thursday. In August, the group’s total sales were up 18% on the back of increased demand in Europe and the U.S. …
Volvo Cars September sales rise 25%, demand up in China Read More »
SEOUL (Reuters) – South Korea’s government will actively consider extending tax breaks on oil products by two more months through the end of December, its finance minister said. Minister Choo Kyung-ho made the remarks during a meeting with reporters on Thursday. (Reporting by Jihoon Lee; Editing by Bernadette Baum)
By Joyce Lee and Scott Murdoch SEOUL (Reuters) -Shares in South Korea’s Doosan Robotics, whose robots can make coffee and pour beer, more than doubled from their initial public offering (IPO) price in their Seoul market debut on Thursday, amid pent-up demand for robotic stocks. The company raised 421.2 billion won ($317 million) in South …
South Korea’s Doosan Robotics shares jump 127% in trading debut Read More »
(Reuters) – Citigroup economists raised their forecast for China’s economic growth for the year to 5%, from 4.7%, citing stabilizing economic indicators and Beijing’s supportive policy measures of late. “The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum,” Citi economists led by Xiangrong Yu said …
Citigroup raises China’s 2023 economic growth forecast to 5% Read More »
By Paul Lienert and Shivansh Tiwary (Reuters) – Toyota Motor and LG Energy Solution signed a supply agreement for lithium-ion batteries for use in the Japanese automaker’s U.S.-built electric vehicles starting in 2025, the companies said on Wednesday. The Toyota-LGES announcement caps a tidal wave of investments in new EV battery plants in North America, …
LGES to supply Toyota with batteries, invest $3 billion in US plant Read More »
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators said on Tuesday they were investigating short video sharing app TikTok’s reported decision recently to hire several high-level executives from its Chinese parent company, ByteDance. Senators Richard Blumenthal, a Democrat, and Republican Marsha Blackburn said in a letter to TikTok CEO Shou Zi Chew that the hirings …
US senators examine TikTok hiring of ByteDance executives Read More »
By Bernadette Christina and Dewi Kurniawati JAKARTA (Reuters) – Malaysia’s palm oil stocks at the end of September likely rose to the highest since October 2022, amid higher output despite increased exports, a Reuters survey showed on Wednesday. Inventories were seen rising for a fifth consecutive month to 2.38 million metric tons, up 12.05% from …
Malaysia’s end-September palm oil stocks seen at 11-month high on rising output Read More »
SINGAPORE/BRUSSELS (Reuters) -China voiced dissatisfaction on Wednesday at a demand by the European Union to engage within a “very short” time in consultations on the bloc’s inquiry into subsidies for electric vehicles. The remarks came as the European Commission formally launched the investigation on whether to set tariffs to shield its producers from a “flood” …
China rebukes EU after formal launch of EV subsidy probe Read More »
By Xinghui Kok SINGAPORE (Reuters) – To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the U.S., as a post-pandemic recovery has driven up the cost of the city-state’s vehicle quota system to all-time highs. Singapore has a 10-year “certificate …
In Singapore, a certificate to own a car now costs $106,000 Read More »
