HONG KONG (Reuters) – Shares of major property developer Sunac China extended losses in late trade on Monday, down 13.5% at HK$0.96 after it said it expected up to a 16 billion yuan ($2.19 billion) net loss in the first half. ($1 = 7.3075 Chinese yuan) (Reporting by Clare Jim; Editing by Jacqueline Wong)
BEIJING/TAIPEI (Reuters) – China’s customs authority has suspended mango imports from Taiwan from Monday after detecting pests in the fruit, the latest measures targeting Taiwanese agriculture which Taipei has denounced as being politically motivated. Taiwan, which China claims as its own territory, has complained for the past three years of Chinese import bans on various …
China targets Taiwanese mangoes in latest import suspension Read More »
By Johan Purnomo and Stefanno Sulaiman TANGERANG, Indonesia (Reuters) – Indonesia’s government used the Jakarta auto show to double down on plans to drive production and sales of electric vehicles in Southeast Asia’s largest auto market, but buyers are not sold yet. The price premium on electric vehicles (EVs), questions about the availability of charging …
As Indonesia pushes EV dream, car shoppers stay cautious Read More »
By Indranil Sarkar BENGALURU (Reuters) – Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters. Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget …
China’s Honor stages India return with local manufacturing plans in early 2024 Read More »
SHANGHAI/SINGAPORE (Reuters) -China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged amid broader concerns about a rapidly weakening currency. The recovery in the world’s second-largest economy has lost steam due to a worsening property slump, …
China surprises with modest rate cut amid growing yuan risks Read More »
BERLIN (Reuters) – German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry document seen by Reuters on Sunday. The effort comes as Berlin urges companies to reduce their reliance on China and as the government …
Germany wants tighter foreign investment controls amid China ‘de-risking’ Read More »
BEIJING (Reuters) – China will coordinate financial support to resolve local government debt problems, the central bank said in a statement on Sunday, as policymakers look to shore up an increasingly shaky economic recovery and reassure worried investors. The statement, following a joint meeting on Friday by the People’s Bank of China (PBOC), the country’s …
China vows to coordinate support to resolve local government debt risks Read More »
By Andrew Hayley BEIJING (Reuters) – Russia remained China’s largest crude supplier in July, Chinese government data showed on Sunday, even as Russian shipments fall from all-time highs on narrower discounts and rising domestic demand crimps Russian exports. Arrivals from Russia were up 13% from the same month last year to 8.06 million metric tons …
Russia remains China’s top crude supplier in July despite narrower discounts Read More »
By Nichola Groom (Reuters) -Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington’s effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources. Until now, enforcement of a year-old U.S. law that bans the …
US imports of auto parts face scrutiny under law on Chinese forced labor Read More »
SEOUL (Reuters) – North Korea slammed a recent United Nations meeting about its human rights record, asserting the United States used the international organisation for a “scheme” against Pyongyang, state media KCNA reported on Saturday. The U.N. Security Council discussed human rights abuses in North Korea on Thursday, with the U.S. ambassador criticising leader Kim …
North Korea slams UN human rights meeting as a US ‘scheme’ Read More »
