Reuters Asia Business

China carmaker Jetour launches sales in Europe, starting with Poland

By Nick Carey WARSAW (Reuters) -Chinese sport-utility vehicle maker Jetour is launching sales of three combustion-engine SUVs in Europe, it said on Tuesday, joining a growing number of Chinese automakers seeking to expand into the world’s third-biggest car market. The company will start sales of the X70 Plus, Dashing, and T2 sport-utility vehicle models in …

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VietJet to take delivery of first Boeing 737 MAX jet after long delays, documents show

By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnamese airline VietJet is set to take delivery of its first Boeing 737 MAX aircraft more than nine years after placing an order, company and state documents show, as Hanoi continues talks with the U.S. on tariffs. The move comes after repeated pledges from Vietnamese authorities …

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Nissan reduces output plan for new Leaf due to battery shortage, Nikkei says

TOKYO (Reuters) – Nissan Motor has reduced its production plan for the new model of its Leaf electric vehicle by more than half for September-November owing to delays in battery procurement, the Nikkei business daily said on Tuesday. Lower than expected battery yields at a Nissan affiliate had caused the revision, the Nikkei said, adding …

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Exclusive-Nvidia’s new RTX6000D chip for China finds little favour with major firms, sources say

By Liam Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) -Nvidia’s RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed mainly for AI inference tasks, is seen as expensive …

Exclusive-Nvidia’s new RTX6000D chip for China finds little favour with major firms, sources say Read More »

China unveils measures to boost services consumption and spur growth

BEIJING (Reuters) – China on Tuesday unveiled measures to boost services consumption, pledging to further open sectors such as internet and culture and to encourage the hosting of international sports events, in a bid to support the slowing economy. The measures, jointly released by nine government agencies including the commerce ministry, finance ministry and central …

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Discounts for Iranian oil widen in China on record stocks, even as sanctions curb shipments

By Chen Aizhu, Siyi Liu and Trixie Yap SINGAPORE, September 16 (Reuters) -Discounts for Iranian oil in China have widened on record stock levels at a major refining hub and as a shortage of import quotas towards year-end hindered buying by independent processors, six trade sources told Reuters. Slowing demand from Chinese independent refiners in …

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China polysilicon giant GCL to raise capital for supply reform, shares jump

By Colleen Howe BEIJING (Reuters) – Shares of top Chinese polysilicon producer GCL Technology shot higher on Tuesday as the market cheered a company fund-raising plan that investors see as a step towards cutting chronic overcapacity in the industry. GCL will use an estimated HK$3.505 billion ($450.66 million) in proceeds from a share sale for …

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Indonesian bill will emphasise central bank’s role supporting growth, lawmakers say

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament is discussing changes to an existing bill that could strengthen the requirement of the central bank to support growth and also give parliament the power to recommend the removal of the bank’s governor, lawmakers said on Tuesday. The parliament’s financial commission is looking at changes to a …

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Thai central bank eyes gold trading tax as baht hits four-year high

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s central bank is considering a tax on gold trading as well as other measures to stabilise the soaring baht, its governor said on Tuesday, as the currency hit a four-year high driven by a weaker dollar as well as surging gold exports to neighbouring Cambodia. …

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China’s Tencent aims to raise $1 billion equivalent in dim sum bonds, sources say

By Scott Murdoch SYDNEY (Reuters) – Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of $1 billion in a three-tranche offshore yuan bond deal, according to two sources with direct knowledge of the matter. The sources could not be identified as the information has had not yet been made …

China’s Tencent aims to raise $1 billion equivalent in dim sum bonds, sources say Read More »

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