By Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital held steady in September and stayed well above the central bank’s 2% target, data showed on Friday, as price pressures keep alive market expectations of a near-term interest rate hike. The data will be among information the Bank of Japan will scrutinise at its policy …
Core inflation in Japan’s capital holds steady in September Read More »
(Reuters) -Chinese autonomous driving solutions provider Horizon Robotics has raised about $821 million through a Hong Kong top-up placement, according to a company filing to the stock exchange on Friday. The placement includes a final offering size of 639 million Class B ordinary shares of the company, at a final price of HK$9.99 ($1.28) per …
China’s Horizon Robotics raises $821 million in Hong Kong top-up share placement Read More »
(Reuters) -Chipmaker Intel has approached Taiwan Semiconductor Manufacturing Company about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The development follows a Bloomberg report on Wednesday that said Intel was in talks with Apple about securing an investment in the struggling chipmaker. Intel’s efforts to …
Intel approaches TSMC for investments or partnership, WSJ reports Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World stocks posted their biggest fall in more than three weeks and the dollar rose on Thursday, as surprisingly strong U.S. growth figures cast doubt on how aggressive the Federal Reserve’s interest rate-cutting cycle …
By Lisa Baertlein LOS ANGELES (Reuters) -Global shipping companies are moving full steam ahead with commercial vessel orders from Chinese shipyards, despite the U.S. targeting those ships with port fees aimed at countering China’s maritime dominance, a new report from the Center for Strategic and International Studies showed. Chinese shipyards captured 53% of all global …
China shipyard orders strong despite US port fees on China vessels, report says Read More »
(Reuters) -A group of three investors, including Oracle and private-equity firm Silver Lake, will take a roughly 50% stake in TikTok U.S., a source familiar with the deal said on Thursday. A group of existing shareholders in TikTok’s Chinese parent, ByteDance, will hold a roughly 30% stake, the source said. Among ByteDance’s current investors are …
TURIN (Reuters) -Chinese automaker Dongfeng Motor said on Thursday it aims to triple sales in Europe to 80,000 units next year through a mix of internal combustion engine, hybrid, range extender and fully-electric vehicles. Dongfeng has become the latest Chinese carmaker to accelerate a push into Europe, following groups such as BYD, Chery and Xpeng …
China’s Dongfeng targets jump in European vehicle sales to 80,000 next year Read More »
(Reuters) -Kuwait will sign a contract with China in mid-October to build its largest wastewater treatment plant by capacity, the North Kabd plant, the state news agency reported on Thursday. The facility will process up to 1 million cubic metres of wastewater a day, using advanced technologies. Oil-rich Kuwait struggles to reuse treated wastewater. Much …
Kuwait, China plan mid-October signing for top wastewater facility Read More »
By Anmol Choubey (Reuters) -Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia’s Grasberg, the world’s second-largest copper mine. The incident, which occurred on September 8, trapped workers underground due to heavy mud flow, prompting operator Freeport-McMoRan to declare force majeure. The bank estimates …
Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption Read More »
BEIJING (Reuters) -Chinese electric vehicle giant BYD is offering 10,000 yuan ($1,403.80) discounts on some variants of its second-generation Qin Plus sedans until the end of the year, the company said in a social media post on Thursday. Qin Plus is among BYD’s best-selling models. The new time-limited discounts come after similar discounts announced earlier …
Chinese carmaker BYD cuts prices amid falling sales at home Read More »
