Reuters Asia Business

By Nayara Figueiredo SAO PAULO (Reuters) – Brazilian food processor BRF will seek China’s approval to resume chicken and pork exports from two of its plants during a Brazilian government mission to the Asian country, two sources close to the matter told Reuters on Friday. The Brazilian government expects new approvals for Brazilian meatpacking plants …

Brazil’s BRF seeking China’s approval during govt mission to resume exports -sources Read More »

By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) – Brazil and China are in talks to create a fund for financing the development of green industry and renewable energy in both countries, two senior Brazilian officials told Reuters. The proposal could be announced during President Luiz Inacio Lula da Silva’s visit to Beijing next week, …

China and Brazil look to set up green investment fund, say Lula aides Read More »

By Lisandra Paraguassu BRASILIA (Reuters) – Brazil will seek Chinese technology and investment to develop a semiconductor industry in the South American country despite U.S. attempts to discourage association with China in this area, a senior presidential adviser told Reuters. Semiconductors will be a priority on President Luiz Inacio Lula da Silva’s visit to China …

Lula to seek Chinese semiconductor technology, investment in Beijing Read More »

By Gleb Stolyarov and Roman Churikov MOSCOW (Reuters) – As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to embrace Chinese brands and stomach higher prices. Chinese brands such as Haval, Chery and Geely now account for almost 40% of Russia’s …

Russians reluctantly embrace Chinese cars after Western brands depart Read More »

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva heads to China next week with plans to promote Chinese manufacturer BYD’s takeover of a former Ford factory in northeast Brazil, according to sources with knowledge of the matter. The deal hinges on a final agreement with Ford Motor Co, which still owns the …

Lula’s China trip to promote BYD takeover plan for Brazil Ford factory Read More »

By Hyunsu Yim SEOUL (Reuters) -South Korean music label HYBE, manager of boy band BTS, said on Friday it aimed to sell its entire 15.8% stake in K-pop pioneer SM Entertainment for 564 billion won ($437 million) by accepting a tender offer from bidder Kakao. The decision marked a formal end to a takeover battle …

K-pop takeover battle loser HYBE to sell $437 million stake in SM Read More »

(Reuters) – Embattled Chinese property developer Kaisa Group Holdings on Friday forecast a net loss of 12 billion yuan to 14 billion yuan ($2.04 billion) for fiscal 2022, as delivery delays hurt its sales. The Shenzhen-based company earlier this month, published its long-delayed results for fiscal 2021 in which it reported a loss of 13.26 …

Chinese property developer Kaisa forecasts loss of up to about $2 billion Read More »