(Corrects typo in headline) TAIPEI (Reuters) -Taiwan’s exports rose in July on sustained demand for technology products with shipments to China picking up, and while the government said the outlook was good for semiconductors it warned of growing uncertainly for the global economy. Exports rose 14.2% in July from a year earlier to $43.32 billion, …
(Reuters) – Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive earnings and hopes of less aggressive monetary tightening measures from the U.S. Federal Reserves. According to data from Japan’s Ministry of Finance, Japanese investors accumulated a net 1.85 trillion yen worth of overseas …
Japanese investors were big buyers of foreign equities in July Read More »
BERLIN (Reuters) – Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo institute said on Monday, citing the results of a study. The biggest losers of a trade war with China would be the automotive industry with …
Trade war with China could cost Germany six times as much as Brexit – Ifo Read More »
BEIJING (Reuters) – Baidu’s electric vehicle (EV) arm Jidu Auto aims to be to be able to deliver 800,000 ‘robot’ in 2028, said Jidu chief executive Joe Xia Yiping in a statement. Jidu also plans to to deliver its second model for mass production in 2024, Xia said. Jidu revealed its first ‘robot’ concept car, …
Baidu EV unit Jidu to deliver 800,000 ‘robot’ cars in 2028 Read More »
By Jamie Freed and Donny Kwok (Reuters) -Air traffic around Taiwan is gradually returning to normal after airspace surrounding the island reopened, Taiwan’s Ministry of Transportation and Communications said on Monday, although China later announced fresh military drills in the area. China last week deployed scores of planes and fired live missiles near during military …
Air traffic around Taiwan returning to normal despite new Chinese drills Read More »
By Tanvi Mehta and Anuran Sadhu BENGALURU (Reuters) -Indian cosmetics-to-fashion retailer Nykaa said on Friday it expects stronger demand for its products in the current quarter after a ‘subdued season’ where inflationary pressures dented consumer spending. The upcoming festival season, which extends till the end of the year, would further boost consumer demand for beauty, …
India’s Nykaa expects festival season to boost demand Read More »
TOKYO (Reuters) – Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S. reinsurance broker Transverse, the Nikkei business daily reported on Sunday. The Japanese property insurer aims to gain know-how of the reinsurance broker business, which could help with the expansion of an insurance …
Mitsui Sumitomo Insurance to buy U.S. reinsurance broker for $400 million -Nikkei Read More »
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its struggles to recover from a COVID-induced slump, but weakening global demand could start to drag on shipments in coming months. Exports rose 18.0% in July from a year earlier, …
China’s exports gain steam but outlook cloudy as global growth cools Read More »
(Reuters) -China’s soybean imports in July fell 9.1% from a year earlier, customs data showed on Sunday, as poor crushing margins and weaker consumption in the world’s largest buyer of the oilseed reduced appetite for shipments. China brought in 7.88 million tonnes of the oilseed in July, versus 8.67 million tonnes a year earlier, data …
China’s July soybean imports slide amid poor crush margins, weaker demand Read More »
By Siyi Liu and Emily Chow BEIJING (Reuters) – China’s imports of copper rose 9.3% from a year earlier, customs data on Sunday showed, as a sharp drop in the price of the metal triggered buying appetite amid falling domestic inventories. Unwrought copper and copper product imports into China, including anode, refined, alloy and semi-finished …
China July copper imports rise on-year as price slump spurs buying Read More »
