GENEVA (Reuters) -A World Trade Organization panel backed Indonesia on several key claims in its complaint over countervailing duties imposed by the European Union on biodiesel imports originating in the country, a copy of the ruling showed on Friday. Indonesia brought the dispute to the WTO in 2023, alleging the EU’s imposition of duties on …
WTO panel backs Indonesia on several counts in biodiesel row with EU Read More »
SHANGHAI (Reuters) -China proposed rules for internet platform pricing on Saturday, seeking public comment after a raft of complaints by merchants and consumers of unfair or misleading pricing by big platforms. The draft rules for platforms selling goods or services are meant to encourage price transparency and fairness, the National Development and Reform Commission said …
China proposes draft rules on internet platform pricing Read More »
TOKYO (Reuters) -Taiwan’s Yageo on Saturday raised its tender offer for Japan’s Shibaura Electronics by 7.5% to 7,130 yen per share, and extended the offer period to September 8. Yageo is in an escalating bidding war with Japanese components maker Minebea Mitsumi for Shibaura, a major thermistor sensors maker. The contest began after Minebea Mitsumi, …
By Alan Baldwin LONDON (Reuters) -Formula E could expand to four rounds in China as the all-electric championship chases growth in the world’s biggest market for electric vehicles, according to series founder and chairman Alejandro Agag. The Spaniard told Reuters on Friday that China, compared to the United States where President Donald Trump’s administration has …
Motor racing-China could host at least four Formula E rounds, says Agag Read More »
By Kane Wu and Julie Zhu HONG KONG (Reuters) -Starbucks has asked a short-listed group of potential bidders to submit non-binding bids for a stake in its China business within the next two weeks, two people with knowledge of the matter said. The U.S. coffee shop chain invited interested parties including private equity firms Carlyle, …
Starbucks expects non-binding bids for China business within two weeks, sources say Read More »
(Reuters) -Chinese state-owned automaker Dongfeng Motor Corp said on Friday it would take its Hong Kong-listed unit, Dongfeng Motor Group, private in a deal valued at HK$55.13 billion ($7.06 billion), while separately listing its electric vehicle arm. Dongfeng will pay HK$6.68 per share, representing an 11.9% premium to Dongfeng Motor Group’s last close on August …
Dongfeng Motor to privatise Hong Kong unit, spin off EV arm amid China price wars Read More »
By Rozanna Latiff KUALA LUMPUR/ZURICH (Reuters) – JPMorgan Chase will pay the Malaysian government $330 million to settle matters related to its role in the multibillion-dollar scandal at state fund 1MDB, both parties said on Friday. The settlement was announced as Swiss authorities separately found the U.S. bank guilty and fined it for failing to …
JPMorgan agrees to pay Malaysia $330 million to settle 1MDB claims Read More »
WASHINGTON (Reuters) -President Donald Trump has U.S. buyers lined up for TikTok and could further extend the deadline for China-based ByteDance to divest the app’s U.S. assets, he said on Friday, days after the White House joined the short video platform. Speaking to reporters, Trump dismissed bipartisan security concerns over TikTok, saying his administration would …
After joining TikTok, Trump says he could extend sale deadline if needed Read More »
(Reuters) -Embattled Chinese property developer Country Garden on Friday warned of a bigger loss for the first half of fiscal 2025, after deliveries of housing projects halved from 2024 and asset impairments rose. The company delivered about 74,000 housing units in the first half, compared with over 150,000 in the same period last year. The …
China’s Country Garden forecasts bigger loss after deliveries slump Read More »
By Olivier Cherfan (Reuters) -Air Liquide has signed a binding deal to buy South Korea’s DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2, valuing it at 2.85 billion euros ($3.3 billion), the French industrial gases group said on Friday. The French group, which supplies gases, technologies and home healthcare services, said the acquisition would bolster …
Air Liquide to buy South Korea’s DIG Airgas for $3.3 billion to bolster Asia footprint Read More »
