TOKYO (Reuters) – Japan saw a slight decline in visitors in May from the previous month, when a rush of tourists came to see the nation’s famous cherry blossoms without COVID-19 restrictions, official data showed on Wednesday. The number of foreign visitors for business and leisure came in just below 1.9 million last month from …
Japan sees 1.9 million visitors in May, down from cherry blossom rush Read More »
TOKYO (Reuters) – Japan’s Panasonic Energy and Mazda Motor on Wednesday announced they will discuss a lithium-ion battery supply partnership for electric vehicles. Under the partnership, Panasonic Energy, a Panasonic Holdings Corp unit, would supply Mazda with automotive cylindrical lithium-ion batteries manufactured in Japan and North America for Mazda’s battery EVs scheduled to be launched …
Panasonic, Mazda eye for long-term EV battery supply partnership Read More »
SEOUL (Reuters) – South Korea’s Posco Holdings said on Wednesday it has signed a joint venture agreement worth around 1.5 trillion won ($1.16 billion) with Posco Future M and China’s CNGR to produce precursors and nickel for batteries. ($1 = 1,293.0200 won) (Reporting by Hyunsu Yim; Editing by Ed Davies)
By Leika Kihara KAGOSHIMA, Japan (Reuters) -Bank of Japan board member Seiji Adachi said the chance of tweaking the bank’s yield curve control policy at next month’s rate review was small given diminishing market distortions and a lack of price trend data. He also said the central bank does not use monetary policy as a …
BOJ’s Adachi sees only small chance of July policy tweak Read More »
BEIJING (Reuters) – Chinese regulators in financial hub Shanghai summoned three firms including Starbucks and Shake Shack earlier this week for collecting excessive personal information, the city’s cyberspace regulator said on Wednesday. The regulators urged these firms to comprehensively rectify, protect personal information and safeguard the legitimate rights and interests of consumers, Shanghai’s cyberspace regulator …
LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite demand for electric vehicle (EV) batteries outpaces other uses. Below are details of some Western companies producing, or planning to produce graphite, and their deals with auto makers and battery producers. NEXTSOURCE MATERIALS INC Launched its …
Factbox – Graphite producers doing deals with automakers and battery groups Read More »
By Eric Onstad LONDON (Reuters) – Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries outpaces other uses for the mineral for the first time due to soaring EV sales. Auto firms have been slow to plan for graphite shortages, …
Analysis-Auto firms race to secure non-Chinese graphite for EVs as shortages loom Read More »
By Phuong Nguyen HANOI (Reuters) -Borrowing in Vietnam’s high-risk sectors remained under control, while credit growth was less than expected despite banks’ abundant liquidity, a deputy governor of the central bank said on Wednesday. Credit growth as of June 15 was seen at 3.36% against the end of 2022 and was much lower than the …
Vietnam’s credit growth slow, credit in high-risk sectors under control – central bank Read More »
By Hyunjoo Jin and Shivangi Acharya SAN FRANCISCO/NEW DELHI (Reuters) -Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a “significant investment” in the country, adding that such an announcement was expected soon. His comments came after a meeting with Modi on Tuesday during the Indian …
Tesla’s Musk says eyeing significant India investments after meeting Modi Read More »
SEOUL (Reuters) – South Korea’s producer inflation slowed in May to its weakest pace in nearly 2-1/2 years, central bank data showed on Wednesday, due mostly to weaker oil prices. The producer price index stood 0.6% higher in May from the same month a year before, after a 1.6% rise in April, according to the …
South Korea producer inflation slowest in almost 2-1/2 years Read More »
