JAKARTA (Reuters) -Indonesia’s PT Arsari Tambang, a tin mining company controlled by the family of President Prabowo Subianto, is in discussions to acquire a mining asset in Canada, its chief executive told reporters on Wednesday. The company will take advantage of an economic partnership deal Indonesia signed with Canada last month to invest in a …
Indonesia’s Arsari eyes mining asset in Canada, CEO says Read More »
By Nathan Vifflin and Toby Sterling (Reuters) -ASML, the world’s biggest supplier of computer chip-making equipment, reiterated on Wednesday it expects to benefit from booming AI investment, even as it warned Chinese demand was expected to significantly drop next year. CEO Christophe Fouquet said Europe’s largest tech firm by market capitalization was seeing “continued positive momentum …
Global AI rush helps ASML beat orders estimates, but China outlook dims Read More »
By Kanishka Singh, Ella Cao and Joe Cash WASHINGTON/BEIJING (Reuters) -U.S. President Donald Trump said he was considering terminating some trade ties with China, singling out cooking oil, which traders and analysts said would have little impact as such shipments had already plummeted from China over the past year. “I believe that China purposefully not …
Trump targets China cooking oil trade – but sales were already tanking Read More »
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) -Chinese autonomous driving firm WeRide has hired Morgan Stanley and China International Capital Corp (CICC) to work on a dual primary listing in Hong Kong, three sources with knowledge of the matter said. The Guangzhou-based company, which listed on Nasdaq in October 2024, said in a …
Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say Read More »
By Andrew Silver RUGAO, China (Reuters) -Volkswagen’s Swedish truckmaker Scania opened its first fully owned factory in China on Wednesday, in what it described as a hedge against global uncertainty and a move that will give it greater flexibility in delivering to Asian customers. The factory, located in the eastern province of Jiangsu, will initially …
Swedish truckmaker Scania launches new China manufacturing hub Read More »
By Kevin Yao and Liz Lee BEIJING (Reuters) -China’s new bank loans rose less than expected in September, largely driven by seasonal factors that could mask underlying weak credit demand, as policymakers battle to reverse a prolonged property slump and curb industrial overcapacity. September’s new loans stood at 1.29 trillion yuan ($181.06 billion), up from …
China September bank loans rise less than expected as weak credit demand persists Read More »
JAKARTA (Reuters) -State airline Garuda Indonesia on Wednesday appointed a new chief executive officer, retired military official Glenny Kairupan, its corporate secretary Cahyadi Indrananto said. No reason was given for the appointment. Cahyadi told Reuters that inquiries should go to the government, as Garuda’s main shareholder. Indonesia’s President Prabowo Subianto has referred to Kairupan as …
State airline Garuda Indonesia appoints new CEO Glenny Kairupan, official says Read More »
By Kashish Tandon and Manvi Pant (Reuters) -Hyundai Motor will invest $5 billion to expand its manufacturing and research operations in India, the South Korean automaker said on Wednesday, putting the world’s third-largest car market at the heart of its growth strategy. The money will help to increase Hyundai India’s annual production by about a …
Hyundai Motor doubles down on India with $5 billion investment Read More »
By Toby Sterling and Nathan Vifflin (Reuters) -ASML’s expected decline in China sales is not due to previous stockpiling of chip machines by its Chinese customers, finance chief Roger Dassen told reporters on Wednesday. The world’s biggest supplier of computer chip equipment said in its third-quarter earnings report that it expected a significant fall in …
ASML plays down Chinese tool stockpiling, impact of rare earth restrictions Read More »
BEIJING (Reuters) -A subsidiary of SiCarrier, a Chinese chip equipment maker with close links to Huawei, unveiled two domestically developed software products for semiconductor designs, the latest move by China to reduce reliance on foreign technologies. Yunqifang, a subsidiary of Shenzhen-based SiCarrier, released two electronic design engineering (EDA) software products with fully independent intellectual property …
China’s Sicarrier unit unveils new chip design software, media reports Read More »
