SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla sold 32,165 China-made vehicles in May, including 22,340 for export, the China Passenger Car Association (CPCA) said on Thursday. That compares with 1,152 vehicles sold and none exported in April. The Tesla factory halted work for 22 days beginning late March to comply with a city-wide lockdown …
Tesla sold 32,165 China-made vehicles in May – CPCA Read More »
SHANGHAI (Reuters) – Production at Tesla Inc’s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China’s zero-COVID lockdowns caused deeper disruptions to output than Elon Musk had predicted. The U.S. automaker is aiming to make more than 71,000 vehicles at its …
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament is set to revisit a contentious Job Creation law to comply with a court order to fix procedural flaws during its 2020 passage, amid renewed pressure from unions and environmentalists to overturn the legislation. WHAT IS THE JOB CREATION LAW? The so-called “omnibus law” …
Explainer-What’s at stake with Indonesia’s controversial jobs creation law? Read More »
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament will soon open a fresh debate of a flagship law that aimed to transform the country’s investment climate, a senior lawmaker told Reuters, to comply with a court ruling that found fault with the way the legislation was passed. The Constitutional Court last year ruled that the …
Indonesia seeks to preserve controversial jobs law, parliament set for debate Read More »
(Reuters) – China’s crude oil imports rose nearly 12% in May from a low base in a year earlier, although refiners were still battling high inventories with COVID-19 lockdowns and a slowing economy weighing on fuel demand last month. The world’s top crude oil buyer imported 45.83 million tonnes last month, data from the General …
China May crude oil imports edge up, but refined oil product exports slump Read More »
(Refiles to correct ‘asks’ to ‘ask’ in headline.) By Maki Shiraki TOKYO (Reuters) – Two Toyota Motor Corp suppliers have asked employees to take a day off with reduced pay this month, spokespeople for the suppliers said, reflecting the impact of a global chip shortage and China COVID-19 lockdowns. Toyoda Gosei, which makes air bags, …
Toyota suppliers ask employees to take leave as lockdown bites Read More »
(Reuters) -China’s imports from Russia soared again in May, a boon for Moscow as it reels from the impact of Western sanctions over the war in Ukraine, while Chinese shipments to Russia fell for the third consecutive month. China’s imports from Russia surged 79.6% in May from a year earlier, up from growth of 56.6% …
China’s May imports from Russia jump nearly 80% amid Western sanctions on Moscow Read More »
KUALA LUMPUR (Reuters) – Malaysia said on Thursday it will seek to stock up on chicken as part of measures to secure domestic supplies and control rising food prices, amid a ban on exports of the poultry. The Southeast Asian, which supplies live chickens mainly to neighbouring Singapore and Thailand, on June 1 halted exports …
Malaysia to set up chicken ‘stockpiles’ to overcome shortages Read More »
(Reuters) – Japanese investors were net sellers of foreign bonds for the third consecutive month in May, as concerns over aggressive monetary tightening by major central banks shrank bond prices. Japan’s Ministry of Finance data showed domestic investors exited overseas bonds with a net 1.29 trillion Japanese yen ($9.66 billion), after sales of a net …
Japanese investors net sellers of foreign bonds in May Read More »
BEIJING (Reuters) -China imported 20% more soybeans in May than in April, as some delayed cargoes arrived, customs data showed on Thursday. China, the world’s top soybean importer, brought in 9.67 million tonnes of the oilseed in May, up from 8.08 million tonnes in April, data from the General Administration of Customs showed. The May …
China May soy imports climb as delayed cargoes arrive Read More »
