By Chen Lin SINGAPORE (Reuters) -Airbus voiced optimism on Monday about sales of a new A350 freighter after Boeing launched a competing cargo version of its future 777X jetliner and said it was doing everything possible to shore up fragile global supply chains. Airbus launched the freighter version of its A350 wide-body jet last year …
Airbus upbeat on freighter sales, plays down supply chain fears Read More »
By Makiko Yamazaki TOKYO (Reuters) – Japan’s Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial approval to hive off its devices business, the company said on Monday. The final, legally binding vote to determine whether to break up the 146-year-old conglomerate will not happen until next year, …
Toshiba sets March 24 for preliminary vote on break-up plan Read More »
By Jane Lanhee Lee (Reuters) – The Semiconductor Industry Association (SIA) on Monday said that global chip sales hit a record in 2021 at $555.9 billion, up 26.2% on the year, and it forecast 8.8% growth for 2022 as chip makers continue to build up production capacity to meet demand. “It’s still really trending very …
Global chip sales hit record in 2021, will grow 8.8% in 2022 -SIA Read More »
By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators. However, the plans are for initial public offerings (IPOs) of small size, …
Some Chinese firms revive New York IPO plans after regulatory crackdown Read More »
By Chen Lin SINGAPORE (Reuters) – Boeing Co is not concerned about a potential disruption to Russian titanium supplies because of tensions over Ukraine, but is keeping a close watch on other industry supply chain pinch points, a senior executive said on Monday. Boeing relies heavily on Russia’s VSMPO-AVISMA for the supply of titanium, a …
Boeing not concerned about titanium supply, watching other pinch points Read More »
By Manoj Kumar NEW DELHI (Reuters) -India’s wholesale price index stayed in the double digits in January, for the 10th month in a row, as firms grapple with rising input costs and more pass on higher prices to consumers. Wholesale prices in January rose 12.96% from a year earlier, less than the previous month’s 13.56%, …
India’s Jan WPI inflation in double digits for 10th month Read More »
By Jiraporn Kuhakan BANGKOK (Reuters) – Hoping to inspire more Thais to recycle plastic waste, two local companies have teamed up to make Buddhist amulets by using nine types of recyclable materials ranging from plastic bottles to nylon fishing nets. Predominantly Buddhist Thailand is estimated to be the fifth-biggest contributor of plastic to the world’s …
Thais make amulets from plastic waste to inspire more recycling Read More »
BEIJING (Reuters) – The net profit of China’s central government-owned state firms rose 10.2% year-on-year to 142.38 billion yuan ($22.39 billion) in January, according to the official Xinhua News Agency, citing data from the state assets regulator. The overall revenue of central government-owned state firms grew 12.4% from a year earlier to 3 trillion yuan …
Net profit of China’s centrally-owned SOEs up 10.2% y/y in Jan – Xinhua Read More »
BEIJING (Reuters) -U.S. electric vehicle maker Tesla Inc sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) said on Monday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 70,847 China-made vehicles in December. Chinese EV makers Nio Inc delivered 9,652 cars in January, increasing by …
Tesla sold 59,845 China-made vehicles in January -CPCA Read More »
BEIJING (Reuters) – Zhejiang Huayou Cobalt’s Indonesian joint venture shipped its first batch of mixed hydroxide precipitate (MHP), a product used to be processed into nickel and cobalt chemicals for EV batteries, to China’s Ningbo port on Monday. PT Huayue, jointly set up with Tsingshan Holding Group and China Molybdenum Co, said in a statement …
China’s Huayou ships first MHP shipment from Indonesia JV Read More »
