Reuters Asia Business

By Andreas Rinke BERLIN (Reuters) – Germany’s foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn …

Germany plans to tighten rules for firms highly dependent on China – document Read More »

By Tom Hals WILMINGTON, Del. (Reuters) – After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Tesla Inc was justified by the company’s explosive growth or undermined by a flawed process. Musk and the Tesla directors named as defendants repeatedly …

Musk’s pay trial asks if Tesla’s growth justifies $56 billion compensation Read More »

(Reuters) – Hyundai Motor Co is considering development of additional pickups for the U.S. market, including a “lifestyle” truck, according to Jose Munoz, the Korean automaker’s global president. “I don’t see us competing in the full-size pickup market,” Munoz said Friday at an industry conference. (Reporting by Paul Lienert in Detroit; editing by Jonathan Oatis)

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors eyed rising bond yields and continued to make bets on the U.S. Federal Reserve’s interest rate hiking path. The U.S. currency gained steam as …

Dollar gains with bond yields up, Fed in focus Read More »

WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai acknowledged Seoul’s concerns with the U.S. Inflation Reduction Act during a meeting with South Korea’s Trade Minister Ahn Dukgeun at the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, Tai’s office said on Friday. “(They) reviewed the technical-level discussions within the ongoing engagement channel as the Treasury Department …

U.S., South Korean trade officials discuss Inflation Reduction Act at APEC -U.S. statement Read More »

BEIJING (Reuters) – China’s Transport Ministry said on Friday that it has summoned online truck portal Huolala and issued reminders to three other truck companies over operating irregularities. The ministry urged Huolala to immediately rectify the malicious price competition, adding it resolutely curbs unfair competitive behaviors. It also issued reminders to Didi’s sub-business Didi Freight, …

China summons online truck portal, citing operating irregularities Read More »