SHANGHAI (Reuters) – Chinese electric vehicle maker Nio has invested in a startup firm that is developing fusion technologies, according to a source with direct knowledge and a company filing, placing more bets in other areas of the energy sector. The newly established company, Neo Fusion, will research and develop technologies that aim to bring …
Chinese EV maker Nio invests in nuclear fusion startup Read More »
(Reuters) – The U.S. Justice Department is considering suing to impede Korean Air’s planned acquisition of Asiana Airlines, U.S. news website Politico reported on Thursday. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Leslie Adler)
By David Lawder WASHINGTON (Reuters) – The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative covering customs and trade facilitation, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations …
U.S., Taiwan reach deal on first part of ’21st Century’ trade pact -USTR Read More »
WASHINGTON (Reuters) -The ministers of commerce and the trade representatives of U.S. and China will meet next week in the U.S., the spokesperson for China’s embassy in Washington said on Thursday. Liu Pengyu made the announcement at a Chinese embassy online briefing with journalists. He said China was open to communication at all levels with …
China, US commerce and trade chiefs to meet next week -Chinese embassy Read More »
By Sam Nussey TOKYO (Reuters) -Sony Group Corp on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on entertainment and image sensors. Sony said it is considering a time frame of two to three years to spin off Sony …
Sony eyes finance unit listing, doubles down on entertainment Read More »
By David Shepardson WASHINGTON (Reuters) -Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S. vehicles …
Hyundai, Kia agree to $200 million settlement in over US car thefts Read More »
(Reuters) – U.S. tech research and advisory firm Forrester Research has decided to close its office in mainland China after the country’s government increased scrutiny on western consultancies. A company spokesperson said on Thursday the closure was part of a broader global restructuring plan, with the majority in the U.S., driven by an unsteady economy. Overseas …
US-based Forrester Research to close China office Read More »
By Sakura Murakami and Jeff Mason HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden and Japan’s Fumio Kishida met for talks in the deeply symbolic city of Hiroshima on Thursday, aiming for closer cooperation in the face of an ascendant China and an unpredictable Russia they see as threatening the post-war order. The two met …
In symbolic Hiroshima, U.S. allies size up an ascendant China and unpredictable Russia Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippines central bank kept its benchmark interest rate steady on Thursday, as expected, and signalled a continued pause in policy tightening for the next two to three meetings, after lowering inflation forecasts for this year and next. The Bangko Sentral ng Pilipinas (BSP) …
Philippine central bank pauses rate hikes, lowers inflation forecasts Read More »
By Mohi Narayan NEW DELHI (Reuters) – The recovery in global demand for petrochemical is likely to be more muted than earlier expected for the rest of 2023 due to tepid consumer spending, especially in China, a senior TotalEnergies executive told Reuters on Thursday. The impact of high inflation on consumption resulted in poor demand …
TotalEnergies exec sees muted recovery in petchem demand as China disappoints Read More »
