By Marie Mannes (Reuters) – Swedish electric vehicle (EV) maker Polestar said on Monday it had formed a joint venture with Xingji Meizu to build an operating system for Polestar cars sold in China that will offer the latest smart technologies in its vehicles. The venture represents a further push by the Geely group to …
Polestar partners with Geely’s Meizu to build Chinese operating system Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – Sales on JD.com e-commerce site during China’s mid-year shopping festival – the first major shopping event since country’s reopening – grew more than expected, brokerages said. JD.com saw sales rise 6-8% over the 618 festival period that ran from late May through to Sunday evening, according …
JD.com sales during China shopping festival better than expected -analysts Read More »
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world’s second-largest economy. Recent economic data showed the retail and factory sectors struggling to sustain the momentum seen …
China seen cutting key lending benchmarks as economy slows Read More »
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 planes from Airbus, in a shift from its Boeing-dominated fleet, the South Asian country’s junior minister for civil aviation told Reuters on Monday. “As per our requirement, the decision has been taken to purchase 10 aircraft …
Biman Bangladesh to buy 10 Airbus jets, breaking Boeing reliance – minister Read More »
SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered its full-year real gross domestic product growth forecast for the world’s second biggest economy from 6% to 5.4%, according to a note published …
Goldman Sachs cuts China growth forecast as property slowdown bites Read More »
SEOUL (Reuters) – South Korea’s central bank said on Monday that upward risks to core inflation were “a little high” amid strong consumption and employment trends, raising the prospect of higher inflation lasting longer than expected. “While there is high uncertainty regarding global energy prices, domestic and global economic growth and public price hikes over …
Bank of Korea flags upward risks to core inflation Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37% stake, the Italian tyremaker said on Sunday. The decision is part of the measures announced this week by Rome’s right-wing administration to shield the autonomy of Pirelli and …
Italy rules Pirelli’s Chinese top investor Sinochem cannot choose CEO Read More »
TOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be set up in the United States. The new firm, to be known as Nidec Aerospace, will be based in St Louis, making use of existing …
Nidec to form joint venture with Brazil’s Embraer to make flying car parts Read More »
By Philip Blenkinsop (Reuters) – European countries should strengthen relations with Taiwan if they want continued Taiwanese investment in semiconductor production, Foreign Minister Joseph Wu said during a visit to Europe last week. Overseas investments by Taiwan Semiconductor Manufacturing Corp (TSMC), the world’s largest contract chipmaker, need government approval, including for a potential factory in …
Taiwan seeks closer EU ties in return for chip investment – minister Read More »
TOKYO (Reuters) – The Japanese government and several of its largest banks are set to launch within the month a “green transformation” programme aiming to eventually attract 150 trillion yen ($1.06 trillion) in investment over the next decade, the Nikkei Shimbun newspaper reported on Saturday. The project, which will include banks such as Mitsubishi UFJ …
