HANOI (Reuters) – Vietnam’s VinFast said on Saturday it would recall 730 of its model VF e34 electric cars (EVs), which are available only on the domestic market, to make checks and replace their side crash sensors. VinFast, which began operations in 2019, is a unit of Vietnam’s biggest conglomerate Vingroup and has sold 2,208 …
Vietnam’s VinFast recalls a third of its sold EVs to replace sensors Read More »
LONDON (Reuters) -Britain said on Monday it was in talks with steel makers, including British Steel, owned by China’s Jingye Group, and India’s Tata to help secure the industry’s long-term future. The government said British Steel had agreed to maintain current operations and job numbers while the talks were under way. Sky News reported earlier …
Britain in talks with British Steel and Tata to secure industry’s future Read More »
SHANGHAI (Reuters) – As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country’s vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Chinese state banks are stepping up intervention to defend the weakening yuan, banking sources told Reuters on Monday. Scores of companies have …
As Xi opens congress, China’s state hands keep markets steady Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan has not ruled out raising corporate and household income taxes to fund a planned increase to its defence budget in the next fiscal year, the head of the ruling Liberal Democratic Party’s (LDP) tax policy panel said on Monday. The government is set to boost its military spending in the …
Japan not ruling out corporate, income tax hikes to boost military spending Read More »
BEIJING (Reuters) – China will delay the release of economic indicators originally scheduled for publication this week, including the country’s third-quarter gross domestic product due on Tuesday, according to an updated calendar on the statistics bureau’s website. The data for third-quarter GDP – originally scheduled for release at 10:00 a.m. local time (0200 GMT) on …
China delays release of economic indicators including Q3 GDP Read More »
(Reuters) – China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported on Monday. China’s National Development and Reform Commission has asked PetroChina Co, Sinopec and Cnooc Ltd to keep …
China halts LNG sales to foreign buyers to ensure own supply – Bloomberg News Read More »
By Georgina Lee and Summer Zhen HONG KONG (Reuters) – Cash is leaving China’s financial markets at the fastest clip in years as investors flee a falling currency and sputtering economy, and analysts point to hints that more money is being moved out of the country along back channels in a further sign of flagging …
Surging dollar tests China’s capital controls as cash flees Read More »
By Joyce Lee and Jihoon Lee SEOUL (Reuters) – Shares of South Korea’s Kakao Corp plunged on Monday after a widespread outage in the country’s largest mobile chat app triggered a sharp political backlash and calls for increased scrutiny on the company’s market dominance. The outage was caused by a fire at a data centre …
Kakao shares slump as outage sparks calls for antitrust scrutiny Read More »
BEIJING (Reuters) – China’s six largest state-owned banks vowed they will enhance support to the slowing economy, in response to President Xi Jinping’s call for a high-quality economic growth at the opening of a critical Communist Party Congress. Industrial and Commercial Bank of China Ltd, the world’s largest bank by asset, said it will play …
Big Chinese banks pledge enhanced support for economy as Xi sounds call for growth Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy showed a significant rebound in the third quarter and employment was largely stable, a senior official at the state planner said on Monday, even as the economy still faces challenges and difficulties. Policymakers have rolled a flurry of measures to bolster the world’s second-largest economy, which narrowly …
China showed ‘significant’ Q3 rebound but faces challenges-state planner Read More »
