SHANGHAI/SAN FRANCISCO (Reuters) – Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project Juniper at Tesla – involve the exterior and interior of the crossover electric vehicle with a target of starting production in 2024, …
Exclusive-Tesla readies revamp of Model Y codenamed ‘Juniper’ – sources Read More »
By Leika Kihara FUKUSHIMA, Japan (Reuters) -Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2% inflation target. She also said more time was needed to gauge whether the BOJ’s decision in …
BOJ policymaker calls for keeping ultra-low rates, sees risks balanced Read More »
BEIJING (Reuters) – China’s lithium mining will likely face disruption as the government steps up scrutiny of a range of problems that have emerged from extracting the metal, experts said on Wednesday. Yichun, a city in the southern province of Jiangxi, suspended all lithium mining late last week to crack down on criminal activity, such …
China’s lithium mining likely to face more scrutiny Read More »
BEIJING (Reuters) – China will study policies to extend purchase tax exemption for new energy vehicles (NEVs) as soon as possible, Xin Guobin, vice minister with China’s Ministry of Industry and Information Technology said a press conference on Wednesday. The current policy allows a purchase tax exemption on NEVs until the end of 2023. (Reporting …
China says will study extension of purchase tax exemption for NEVs Read More »
BEIJING (Reuters) – China firmly opposes comments made in a report issued by the Office of the U.S. Trade Representative on China’s compliance with its World Trade Organization accession commitments, the Ministry of Commerce said in a statement on Wednesday. The Chinese side has noted the report and its false accusations, the statement said, adding …
China says it firmly opposes US comments on compliance with WTO accession commitments Read More »
BEIJING (Reuters) – The prices of new homes in 100 Chinese cities held steady in February versus January having fallen for seven consecutive months, data showed on Wednesday, as a flurry of property market easing measures improved buyer confidence. The flat reading followed a 0.02% decline in January from December, showed data from the China …
China new home prices end seven-month drop; more cities post gains -survey Read More »
JAKARTA (Reuters) – Indonesia’s President Joko Widodo on Wednesday launched the construction of a $2.6 billion hydropower plant that would be linked to a planned industrial park in North Kalimantan. The power plant, called Mentarang Induk, is being developed by PT Kayan Hydropower Nusantara, a joint venture between Indonesian companies PT Adaro Energy Indonesia and …
Indonesia president breaks ground on construction of $2.6 billion hydropower plant Read More »
By Summer Zhen HONG KONG (Reuters) – A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news. For the now, investors remain wary of a …
Hedge funds unimpressed by Chinese internet giants’ peppy earnings Read More »
By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – The dollar ticked higher against major currencies in choppy trading on Tuesday, on track for its first monthly gain since September on views that interest rates will stay elevated for some time as inflation remains stubbornly high, while recession fears kept investors on edge. Recent …
Dollar edges higher, set for 1st monthly gain since September Read More »
By Karen Freifeld and Alexandra Alper (Reuters) -The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe …
Biden admin grilled over $23 billion in licenses for blacklisted Chinese firms Read More »
