BEIJING (Reuters) -Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing, marking his return to the electric carmaker’s largest production hub after three years. The trip is the latest return by a top U.S. CEO to China since the country …
Elon Musk kicks off China visit, Tesla expansion in focus Read More »
By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from next year under a global overhaul of tax rules, a source involved in the talks said. The discussions precede the introduction from January …
BEIJING (Reuters) – China’s Shanghai Communist party secretary Chen Jining said on Tuesday the city hoped JP Morgan Chase & Co would continue to promote investment in the financial hub by international financial institutions, according to the city government. In a meeting with JP Morgan Chase’s CEO Jamie Dimon in Shanghai, Chen said the city …
Shanghai hopes JP Morgan will promote investment in city – government Read More »
By David Lawder DETROIT (Reuters) -The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any “breakthrough” in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. The Biden administration is not assuming any such breakthrough …
US review of China tariffs won’t depend on trade ‘breakthrough’-Deputy USTR Read More »
By Jane Lanhee Lee OAKLAND, California (Reuters) – Canadian AI computer design startup Tenstorrent said on Tuesday it was partnering with South Korea’s consumer electronics firm LG Electronics Inc to build chips that power smart TVs, automotive products and data centers. Tenstorrent, started in 2016, designs computers to train and run artificial intelligence models and …
Canadian AI computing startup Tenstorrent and LG partner to build chips Read More »
TOKYO (Reuters) – Daimler Truck Holding AG and Toyota Motor Corp have struck a preliminary deal to combine their truck units in Japan, the companies said on Tuesday. Under the memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors Ltd would be combined under a …
Toyota, Daimler strike deal to combine Japanese truck operations Read More »
By Tommy Wilkes LONDON (Reuters) -Lloyd’s of London became the sixth organisation to quit a net-zero alliance for insurers within 36 hours on Friday, as a U.N.-backed coalition of financial groups warned about the fallout of “political attacks” on insurers in the United States. Lloyd’s joined Australia’s QBE Insurance in withdrawing from the Net-Zero Insurance …
More insurers desert net-zero alliance as U.N. climate group sounds alarm Read More »
By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) – Top officials from the Ministry of Finance, Bank of Japan and the financial watchdog are set to meet on Tuesday to discuss financial markets, the ministry said, after the Japanese currency weakened to a six-month low versus the dollar. The three-party talks are held routinely to …
Japan’s top financial authorities to meet to discuss markets Read More »
By Devjyot Ghoshal BANGKOK (Reuters) – China’s Great Wall Motor Co Ltd is finalising plans to invest up to $30 million to set up a new battery pack assembly plant in Thailand, where it will start making a compact electric car next year, according to a company official. The Hebei-based company is also considering establishing …
China’s Great Wall Motor plans EV battery assembly, research in Thailand Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation. The island nation defaulted on its foreign debt for the first time in April last year, as the worst financial crisis …
Sri Lanka central bank to hold rates as inflation stays high Read More »
