By Lewis Jackson and Nora Eckert Dec 10 (Reuters) – Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licenses issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday. The so-called general licenses were agreed after Presidents Xi …
Ford suppliers receive China’s new streamlined rare-earth licenses Read More »
BEIJING, Dec 11 (Reuters) – Chinese leaders promised on Thursday to maintain a “proactive” fiscal policy next year that would stimulate both consumption and investment to maintain high economic growth, which analysts expect Beijing to target at roughly 5%. Those pledges were published in a readout by state news agency Xinhua of the annual Central …
China promises fiscal boost next year, recognises ‘prominent’ imbalance Read More »
BEIJING, Dec 11 (Reuters) – China’s commerce ministry on Thursday said negotiations with the European Union over a minimum price plan for China-made electric vehicles have restarted and would continue into next week, while urging the bloc not to talk independently with manufacturers. The 27-member bloc approved duties of up to 45.3% in October 2024 …
China says talks with EU on electric vehicle minimum price plan resumed Read More »
By Karen Freifeld and Sarah N. Lynch Dec 10 (Reuters) – Chinese telecoms equipment maker ZTE Corp may pay more than $1 billion to the U.S. government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter. ZTE, which already paid some $2 billion in penalties to U.S. authorities over …
BEIJING, Dec 11 (Reuters) – China’s oil demand is forecast to plateau between the years 2025 and 2030, a research group linked to state oil major CNPC said on Thursday, as the rise of electric vehicles slashes demand for gasoline and diesel. Most of China’s incremental demand for oil this year came from jet fuel …
China oil demand to plateau between 2025 and 2030, state researcher says Read More »
By Mikhail Flores and Karen Lema MANILA, Dec 11 (Reuters) – The Philippine central bank cut its benchmark policy rate for the fifth straight meeting on Thursday to bolster growth, signalling its easing cycle is nearing an end, with any further moves to be limited and dependent on data. The Bangko Sentral ng Pilipinas lowered …
Philippine central bank cuts policy rate, signals easing cycle nearing an end Read More »
HANOI, Dec 11 (Reuters) – U.S. imports of telephones and parts from Vietnam, one of its top suppliers, fell to their lowest levels in more than five years in November, according to official Vietnamese data, as exporters led by Samsung Electronics faced trade uncertainties and slowing consumer demand. Smartphones are not subject to U.S. tariffs …
US phone imports from Samsung hub Vietnam hit lowest level since 2020 Read More »
By Colleen Howe BEIJING, Dec 11 (Reuters) – China will start commercial operation of its homegrown small modular reactor (SMR), the Linglong One, in the first half of 2026, an official with the research arm of China National Nuclear Corporation (CNNC) said on Thursday. Also known as the APC100, the reactor was the first SMR …
China to start commercial operation of first small modular nuclear reactor in 2026 Read More »
By Gaurav Dogra Dec 11 (Reuters) – Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology stocks as concerns over stretched valuations prompted investors to cut exposure. Foreigners sold a net $22.1 billion of shares in November across Taiwan, South Korea, India, Thailand, …
Asian equities see biggest foreign outflows in nearly six years on tech valuation fears Read More »
SEOUL, Dec 11 (Reuters) – South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the United States. SK On is a subsidiary of SK Innovation. SK Innovation said under this agreement, each company will independently own and …
South Korea’s SK On, Ford Motor to end US battery joint venture Read More »
