By Marcelo Rochabrun, Marco Aquino and Sameer Manekar LIMA (Reuters) -MMG Ltd’s Las Bambas copper mine in Peru will shut down copper production by mid-December because of a road blockade, it said on Friday, as executives urged the government to build a freight rail link to avoid future disruption. “The freight rail has huge social …
MMG’s Las Bambas mine in Peru faces shutdown as talks to end blockade fail Read More »
By David Lawder and Andrea Shalal (Reuters) -Vietnam and Taiwan again exceeded the U.S. Treasury’s thresholds for possible currency manipulation and enhanced analysis under a 2015 trade law, but the department on Friday refrained from formally branding them as manipulators. Switzerland also narrowly escaped triggering all three manipulation criteria in the Treasury’s latest semi-annual currency …
Vietnam, Taiwan exceed U.S. Treasury currency thresholds, but no manipulator labels Read More »
(Reuters) – The U.S. Treasury Department on Friday said it employed somewhat broader measures of trade and current account surpluses and currency interventions in its analysis of U.S. trading partners’ foreign exchange policies. The semi-annual report declined to label any U.S. trading partner a currency manipulator, although it found that Vietnam and Taiwan continued to …
Factbox-U.S. Treasury tweaked its currency manipulation test; what’s different? Read More »
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan will end most exemptions on sales tax so that all sectors pay a uniform 17% as part of a package of belt tightening measures aimed at securing approval for a $1 billion tranche of IMF funding, officials said on Friday. As well as withdrawing sales tax exemptions worth …
Pakistan plans budget squeeze to win IMF funding approval Read More »
BEIJING (Reuters) -China’s Guangdong province on Friday summoned the chairman of China Evergrande Group after the real estate developer said there was “no guarantee” it would have enough funds to meet debt repayments, while regulators sought to reassure markets. Evergrande, once China’s top-selling developer, is grappling with more than $300 billion in liabilities, fuelling fears …
China’s Guangdong summons Evergrande boss after debt repayment warning Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden said on Friday China could release more oil from its reserves although it has not done so yet, adding that decreases in gasoline prices are beginning to reach Americans. Citing a decision by the United States and other countries including India and Japan to release oil from reserves …
Biden says China may release more oil from reserves Read More »
TOKYO (Reuters) – Toyota Motor Corp said all new vehicle sales in Western Europe will be zero-emission models by 2035, as the world’s biggest automaker complies with tighter emission rules in the region. By 2030, at least half of Toyota’s model mix will be zero emission, including electric vehicles (EV) and hydrogen fuel cell cars, …
Toyota says all Europe sales will be zero-emission cars by 2035 Read More »
SARAJEVO (Reuters) – Power trader and operator (EFT) has signed an agreement on the construction of a 60-megawatt (MW) solar plant in Bosnia with China’s Dongfang Electric International Corporation (DEC), the EFT said in a statement on Friday. Last year EFT won a tender published by autonomous Serb Republic to build and operate for 50 …
EFT, China’s DEC sign $49 million deal to build solar plant in Bosnia Read More »
By Nivedita Balu (Reuters) – Nvidia Corp’s dreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse. On Thursday, the U.S. Federal Trade Commission sued to block the deal, which …
Nvidia metaverse future bright even as Arm may slip from grasp Read More »
TAIPEI (Reuters) – Taiwan’s trade surplus with the United States is due to the China-U.S. trade war and pandemic driving tech demand, a central bank official said on Friday, after the U.S. Treasury said the island continued to exceed its currency manipulation thresholds. The Treasury, in its semi-annual currency report, said no major U.S. trading …
Taiwan blames China-U.S. trade war, pandemic for U.S. trade imbalance Read More »
