BEIJING, Dec 12 (Reuters) – Automakers and dealers in China could face a regulatory crackdown on unfair pricing under draft regulations from the market watchdog in response the a crippling domestic price war. As intense competition in China hammers profitability at automakers, suppliers and dealers, regulators have called for a halt to a price war …
Automakers and dealers face Chinese pricing crackdown Read More »
Dec 12 (Reuters) – SolGold said on Friday it was “minded to recommend” an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global race for copper assets. Jiangxi Copper’s increased offer of 28 pence per share marks the Chinese …
China’s Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion Read More »
(Corrects paragraph 1, 2 and 7 to show the partnership is still under negotiation, not that it has been finalised) SHANGHAI, Dec 12 (Reuters) – Xpeng said on Friday that it is in negotiations to partner EP Manufacturing Bhd (EPMB) to begin mass electric vehicle production in Malaysia in 2026 as it ramps up global …
Xpeng in negotiations partner with EPMB to start EV production in Malaysia Read More »
(Refiles to remove obsolete paragraph on looking ahead to China’s annual Central Economic Work Conference. The event has taken place.) By Shi Bu and Kevin Yao BEIJING, Dec 12 (Reuters) – China’s new bank loans rose less than expected in November, weighed down by a sharp slowdown in household borrowing amid a prolonged property slump, …
China’s November new loans miss forecast as housing slump persists Read More »
(Changes target timing to mid-2030s in paragraph 1, corrects in paragraphs 1 and 3 capacity figures, updated by the company to account for recent unit disposal) By Yuka Obayashi and Katya Golubkova TOKYO, Dec 12 (Reuters) – Nippon Steel, Japan’s biggest steelmaker, expects its annual global crude steel production capacity to rise to at least …
Nippon Steel aims for 100 million tons annual global crude steel capacity by mid-2030s Read More »
TOKYO, Dec 12 (Reuters) – The labour confederation representing Japanese autoworkers on Friday said it will seek monthly base pay increases of 12,000 yen ($77) or more for next year, matching this year’s demand, in an effort to deliver another solid rise to counter inflation. The wage outlook for the automotive industry, which has been …
Japan’s automotive union group to seek $77 monthly base pay rise next year Read More »
BEIJING, Dec 12 (Reuters) – China will relax export and import controls on certain lithium thionyl chloride batteries starting January 1, 2026, according to a joint notice issued on Friday by China’s industry ministry, commerce ministry and the customs. The change will apply to a single battery or battery packs containing no more than 1 …
By Nikunj Ohri and Shivangi Acharya NEW DELHI, Dec 12 (Reuters) – India has cut red tape to speed business visas for Chinese professionals, two officials said, a major step to boost ties between the Asian giants and end chronic delays that cost output worth billions of dollars because of scarce technicians. As Prime Minister …
Exclusive-India frees up visas for Chinese professionals in key step to boost ties Read More »
TAIPEI, Dec 12 (Reuters) – Foxconn, the world’s largest contract electronics maker, said on Friday it will invest T$15.9 billion ($509.94 million) to build its Kaohsiung headquarters in southern Taiwan. That would include a mixed-use commercial and office building and a residential tower, it said. Construction is scheduled to start in 2027, with completion targeted …
Foxconn to invest $510 million in Kaohsiung headquarters in Taiwan Read More »
TOKYO, Dec 12 (Reuters) – The Bank of Japan will likely maintain a pledge next week to keep raising interest rates, but stress the pace of further hikes will depend on how the economy reacts to each increase, said three sources familiar with its thinking. Markets have almost fully priced in the chance of a …
Exclusive-BOJ to pledge more rate hikes at next week’s policy meeting, sources say Read More »
