BEIJING (Reuters) -China is pushing the Association of Southeast Asian Nations to sign an upgrade to their free trade agreement before the end of the year, Vice Commerce Minister Yan Dong said on Monday, as Beijing seeks to diversify its exports amid U.S. tariffs. Negotiations on the upgrade concluded in May, paving the way for …
China pushing ASEAN to seal trade pact upgrade as US tariffs bite Read More »
SINGAPORE (Reuters) -China’s total oil demand including all products is set to peak in 2027, with a rise of about 100,000 barrels per day this year driven by increased volumes from the petrochemicals sector, a state oil researcher said on Monday. Surging usage of electric vehicles in China, the world’s biggest oil importer, is eroding …
China oil demand to peak in 2027, up 100,000 bpd this year, state researcher says Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s government and central bank sought to allay concerns on Monday about their unusual collaboration to fund government programmes, as analysts questioned whether it would compromise Bank Indonesia’s independence. The central bank will pay a higher interest rate on government deposits it holds to help fund President …
By Nick Carey and Gilles Guillaume MUNICH (Reuters) -Leapmotor unveiled the B05, a new hatchback model, at the Munich car show on Monday, adding another product to the Chinese EV maker’s lineup in Europe as competition heats up for affordable electric models. The B05 will be delivered in Europe from the second quarter of 2026 …
China’s Leapmotor launches EV hatchback at Munich car show, boosting European lineup Read More »
By Yena Park and Jihoon Lee SEJONG, South Korea (Reuters) – South Korea will take into account Japan’s trade agreement with the U.S. as a reference as it negotiates final details of its own trade deal and pins down details on a pledged $350 billion investment package, the finance minister said on Monday. “There are …
South Korea says to finalise US trade deal by learning from Japan agreement Read More »
HANOI (Reuters) -The World Bank on Monday trimmed its forecast for Vietnam’s economic growth on evidence that U.S. tariffs were starting to have an impact on the Southeast Asian exporter’s shipments. The World Bank cut its GDP forecast for Vietnam to 6.6% from 6.8% this year, saying activity is expected to moderate over the rest …
World Bank cuts Vietnam’s growth forecast to 6.6% as tariffs bite Read More »
BEIJING (Reuters) -China’s yuan-denominated exports to Russia in August saw their biggest drop since February, while imports fell by double digits in percentage terms after climbing in July, Chinese customs data showed on Monday. Outbound shipments to Russia contracted 16.4% in yuan terms last month from a year earlier, a fifth straight monthly decline and …
China’s August exports to Russia post biggest fall in six months Read More »
FRANKFURT (Reuters) -The European Central Bank and the People’s Bank of China have extended for a further three years a currency swap deal aimed at addressing any sudden liquidity shortage that would hamper commercial lenders, the ECB said on Monday. The arrangement, originally announced in 2013, will run through October 2028, with its maximum size …
MUNICH (Reuters) -Mercedes-Benz does not need to fear Chinese competition with electric vehicles but the German carmaker is working to reduce costs amid a price battle there, chief technology officer Markus Schaefer said in Munich on Monday. “We have worked our way to the top in the area of electromobility, so we don’t need to …
Mercedes doesn’t fear China but working to bring down costs, CTO says Read More »
(Reuters) -Uber and China-based self-driving tech firm Momenta announced plans on Monday to test level 4 autonomous vehicles in Germany next year, as the ride-hailing platform seeks to expand its robotaxi footprint amid rising competition. Autonomous vehicles classified as level 4 can drive without human intervention in specific zones and under certain conditions. Uber has …
Uber, Momenta to begin self-driving testing in Munich next year Read More »
