Reuters Asia Business

(Reuters) -TikTok’s U.S. operations would be controlled by an investor consortium including Oracle, Silver Lake and Andreessen Horowitz, under a framework the U.S. and China are finalizing, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. A new company will be created to operate TikTok, with U.S. investors holding a roughly 80% stake …

Oracle, Silver Lake consortium to control 80% stake in TikTok in US, WSJ reports Read More »

By Nora Eckert DETROIT (Reuters) -The head of LG Energy Solution’s North American business said on Tuesday the battery maker is hopeful about negotiations around visas for its workers following a massive raid on its joint-venture plant with Hyundai in Georgia. “We’re cautiously optimistic that this type of thing will not happen again,” said Robert …

LGES executive is optimistic the battery maker will avoid future ICE raids Read More »

(Reuters) -Mitsubishi will start selling the new Eclipse Cross, its first fully electric SUV for Europe and the first to be made using Renault’s electric vehicle architecture, by the end of the year, the company said on Tuesday in a joint statement with Renault and alliance partner Nissan. Nissan will also begin Europe sales of …

Nissan and Mitsubishi to launch new models built on Renault’s Ampere platforms by end-2025 Read More »

By Sam Li and Colleen Howe (Reuters) -Inner Mongolia, China’s largest coal-producing region, has ordered 15 mines to halt production after they were found to have exceeded their approved output plans, a document from the Inner Mongolia Autonomous Region Energy Bureau showed. China launched inspections in major coal hubs in July and asked local authorities …

China’s Inner Mongolia halts coal mines for exceeding output plans, document shows Read More »

By Uditha Jayasinghe and Krishna N. Das COLOMBO (Reuters) -Sri Lanka expects Chinese state energy giant Sinopec to start work on a $3.7 billion refinery this year and is considering the company’s long-standing demand to sell more fuel locally, the energy minister said on Tuesday. The Sinopec refinery, approved in 2023, will have capacity to …

Exclusive-Sri Lanka sees Sinopec starting work on $3.7 billion refinery soon, bidding for another refinery expansion Read More »