Reuters Asia Business

As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate

23 Jun 2023

(Corrects story and headline to say makers pledge $11.3 billion, not $14.3 billion for lithium iron phosphate plants) By Paul Lienert (Reuters) – Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. LFP is a lower-cost competitor to nickel cobalt …

As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate Read More »

For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt

23 Jun 2023

(This June 22 story has been corrected to say makers pledged more than $11 billion, not $14 billion, in paragraph 3) By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery …

For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt Read More »

Investors hope China markets hop in second half of Year of the Rabbit

23 Jun 2023

By Anisha Sircar and Divya Chowdhury (Reuters) – The promise of more policy stimulus, under-representation in investor portfolios and potential earnings upgrades are piquing investors’ interest in Chinese markets despite a weaker-than-expected recovery after the country’s re-opening from COVID-19. Chinese equities have lagged markets in the U.S., Japan and Germany this year. Investors now expect …

Investors hope China markets hop in second half of Year of the Rabbit Read More »

Pakistan’s economic meltdown spurs more people to risk lives to reach Europe

23 Jun 2023

By Gibran Naiyyar Peshimam KHUIRATTA, Pakistan-administered Kashmir (Reuters) – Hameed Iqbal Bhatti had prospered over two decades working in Saudi Arabia, but after returning to Pakistan three years ago, he was getting desperate. The economy had suffered in the pandemic and his restaurant business closed. With work avenues drying up and sky-high inflation blowing a …

Pakistan’s economic meltdown spurs more people to risk lives to reach Europe Read More »

Indonesia’s GoTo-TBS JV starts construction on electric scooter plant

23 Jun 2023

JAKARTA (Reuters) – Indonesian coal miner PT TBS Energi Utama and PT GoTo Gojek Tokopedia on Friday launched an electric scooter plant, as the country aims to put at least 9 million electric two-wheelers on the road by 2030. The companies’ joint venture PT Energi Kreasi Bersama (Electrum) said the plant was expected to start …

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Japan Cosmo’s ‘poison pill’ may have failed without uncommon vote

23 Jun 2023

TOKYO (Reuters) – Cosmo Energy Holdings’ “poison pill” proposal against a prominent activist investor could have been blocked if the company had not adopted a controversial voting pattern, details of the vote count released on Friday showed. Shareholders of Japan’s third-biggest oil refiner approved on Thursday a poison pill takeover defence, in a vote that …

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South Korea, Vietnam agree to boost security cooperation

23 Jun 2023

By Khanh Vu and Hyunsu Yim HANOI/SEOUL (Reuters) -South Korea and Vietnam agreed on Friday to boost security cooperation, citing North Korea’s nuclear threat, and committed to increasing bilateral trade and investment despite a slump this year and Vietnam’s planned tax hikes on large firms. In his first visit to Vietnam as president, South Korean …

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For New Zealand exporters, China both a target and a risk

22 Jun 2023

By Lucy Craymer WELLINGTON (Reuters) – As New Zealand Prime Minister Chris Hipkins prepares to lead a trade delegation to China seeking greater access for both the country’s primary exports and emerging sectors such as gaming, producers are diversifying away from their biggest market. Beijing’s attempts to punish neighbouring Australia through trade for perceived intransigence …

For New Zealand exporters, China both a target and a risk Read More »

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