Reuters Asia Business

BEIJING (Reuters) – Chinese solar panel maker LONGi Green Energy Technology Co. Ltd said on Monday it will provide evidence to show it is complying with U.S. laws after the U.S. Department of Commerce found it to be circumventing tariffs. The United States will impose new duties on imports from LONGi and three other Chinese …

China’s LONGi denies circumventing U.S. tariffs on solar panels Read More »

CAIRO (Reuters) – Abu Dhabi National Oil Company (ADNOC) and Malaysia’s Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle East for unconventional oil resources. The six-year agreement is the first investment by a Malaysian company in an Abu Dhabi concession, United Arab Emirates state news agency WAM …

ADNOC, Petronas sign Abu Dhabi unconventional oil resources deal Read More »

(Reuters) – India is exploring options to bring some of Apple Inc’s iPad production to the country from China, CNBC reported on Monday, citing two sources close to the Indian government. Apple is holding ongoing discussions with officials, according to the report. The iPhone maker did not immediately respond to a Reuters request for comment. …

Apple explores moving some iPad production to India – CNBC Read More »

By Marc Jones LONDON (Reuters) – Pension funds and other ‘non-bank’ financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said. The BIS, dubbed the central bank to the world’s central banks, also said in its latest quarterly report that 2022’s market …

FX swap debt a $80 trillion ‘blind spot’ global regulator says Read More »

BERLIN (Reuters) – Volkswagen and FAW’s (SASACJ.UL) plant in Chengdu, China has resumed production after a brief halt and two lines which were suspended at the carmaker’s Chengchun plant are also running again, a spokesperson said on Monday. Production at the Chengdu plant, which makes the Jetta brand and VW New Sagitar, was stopped on …

Volkswagen resumes production at China plants Read More »

By Sonia Rolley and Helen Reid JOHANNESBURG(Reuters) – China’s CMOC Group could take legal action against Congo’s state mining company Gecamines, a spokesman for the Chinese mining firm said, after having exports blocked from Tenke Fungurume, the world’s second-biggest cobalt mine, for a fifth month. Tenke Fungurume Mining (TFM) suspended copper and cobalt exports in …

China’s CMOC threatens legal action over Congo cobalt mine export block Read More »

By Yimou Lee TAIPEI (Reuters) – Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest last month disrupted the world’s biggest iPhone factory. The world’s largest contract electronics maker later on Monday said revenue in November …

Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan -source Read More »

By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors piling into China’s tourism, catering and beverage stocks as Beijing eases strict COVID-19 curbs are also keeping an eye on the exits, factoring in risks of a surge in infections early next year that could hit consumption and production. Many investors say that stocks …

Investors bet China’s rally on easing COVID curbs will be furious but fleeting Read More »