By Jesus Calero (Reuters) -Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late U.S. tax-credit rush, market research firm Rho Motion said on Wednesday. China accounted for about two-thirds of global sales …
Global EV sales hit record 2.1 million in September, research firm says Read More »
BEIJING (Reuters) -Deflationary pressures persisted in China, with both consumer and producer prices falling in September, supporting the case for more policy measures as a prolonged property market slump and trade tensions weigh on confidence. While China’s export growth rebounded in September, renewed trade measures and threats from Beijing and Washington have rekindled concerns about …
Deflationary pressures persist in China on weak demand, overcapacity Read More »
By Liz Lee, Yukun Zhang and Heejin Kim BEIJING/SEOUL (Reuters) -China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tension between the world’s two largest economies, sending the company’s shares sharply lower. The commerce ministry’s move comes on the day China and the United States implement additional …
China takes steps against US-linked units of S.Korea shipbuilder Hanwha Read More »
TAIPEI (Reuters) -Foxconn Chairman Young Liu said on Wednesday that there was limited impact on the company so far from China’s newly announced rare earths curbs. (Reporting by Wen-Yee Lee; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman)
KUALA LUMPUR (Reuters) -Malaysia will hold talks with the U.S. secretary of commerce on sectoral tariffs, including on semiconductors, during a meeting of the ASEAN regional bloc next week, Malaysian state media reported on Wednesday, citing the trade minister. President Donald Trump’s administration in August imposed a tariff of 19% on Malaysian exports to the …
Malaysia to discuss sectoral tariffs with U.S. at ASEAN summit, state media reports Read More »
By Michael Erman NEW YORK (Reuters) -Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade. “In biopharma, China’s dramatic speed, cost and scale have triggered a shift in the global …
Pfizer CEO says US pharma industry needs to collaborate with China Read More »
By Engen Tham and Ilona Wissenbach (Reuters) -Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters. The findings from the Taiwanese firm’s due diligence were circulated days …
Exclusive-Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -CBC Group, Asia’s largest healthcare-focused asset manager, has raised $500 million for its second R-Bridge Healthcare Fund, making it the region’s biggest healthcare private credit fund, the company said on Wednesday. The fundraising is occurring amid a global expansion of private credit providers, with the value of loans and related …
CBC Group raises $500 million for Asia’s largest healthcare private credit fund Read More »
By Karin Strohecker and David Lawder WASHINGTON (Reuters) -Decisions by most countries to not retaliate against U.S. President Donald Trump’s tariffs are among the top factors bolstering the global economy’s resilience, IMF Managing Director Kristalina Georgieva said on Tuesday. “The world, so far, and I cannot stress enough, so far, has opted not to retaliate …
IMF chief says lack of retaliation against Trump tariffs aiding global growth Read More »
By Alden Bentley NEW YORK (Reuters) -Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie McGeever is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what’s happening in markets. U.S. central bank chief Jerome Powell …
Trading Day: Powell remarks, bank results offer relief Read More »
