(Reuters) -India’s CEAT said on Friday it will increase tyremaking capacity at its export-focused Sri Lankan factories, at a time when New Delhi faces a sharply higher U.S. tariff rate compared with Colombo. CEAT’s local unit in the island nation signed a pact with the Board of Investment of Sri Lanka to invest $171 million …
India’s CEAT to ramp up tyre exports from Sri Lanka amid US tariff threat Read More »
By Rajendra Jadhav and Anmol Choubey (Reuters) – Physical gold demand in key Asian hubs remained subdued this week as price volatility kept buyers at bay, while jewellers in India resumed purchases ahead of a key festival season. Gold prices in India were trading around 99,300 rupees ($1,135.77) per 10 grams on Friday after hitting …
Volatile prices stifle gold demand in top Asian hubs Read More »
TOKYO (Reuters) -Japan’s Ministry of Finance is preparing to ramp up the interest rate it factors in for long-term government bonds to the highest level in 17 years as it gathers in other ministries’ budget requests for fiscal 2026/27, the Yomiuri newspaper reported on Friday. The reported increase in the finance ministry’s assumed long-term bond …
Japan to ramp up bond interest rate assumption for next annual budget, Yomiuri reports Read More »
BEIJING (Reuters) -China’s solar industry association on Friday called for solar manufacturers to stop selling components below cost and advocated for “survival of the fittest” market competition, but stopped short of calling for capacity closures to address oversupply in the industry. In a statement following multi-day consultations with the solar industry and a raft of …
China’s solar industry association calls for end to price wars Read More »
SEOUL (Reuters) -South Korean President Lee Jae Myung will send a special delegation to China from August 24-27, his spokesperson said on Friday, as Seoul and Beijing increasingly align in response to U.S. President Donald Trump’s tariffs policy. The delegation will deliver a message from Lee emphasising the continued development of the countries’ strategic partnership, …
S.Korea dispatches delegation to China as Trump tariffs shift trade dynamics Read More »
BEIJING (Reuters) -China, the world’s dominant rare earth supplier, issued on Friday measures to regulate the mining, smelting and separation of the critical minerals key to energy transition, further tightening its grip over supply. Beijing already regulates and manages rare earth mining, smelting and separation via a quota system. The new rules will include imported …
China tightens grip over rare earth supply quotas Read More »
By Ben Blanchard and Wen-Yee Lee TAIPEI (Reuters) -Nvidia CEO Jensen Huang arrived in Taipei on Friday to visit chip foundry partner TSMC, as the world’s most valuable company navigates rising friction between Washington and Beijing over access to its industry-leading AI chips. His visit, just days ahead of Nvidia’s earnings release on Wednesday, comes …
Nvidia CEO in Taipei to visit TSMC, says in talks with US over new China chip Read More »
By Amy Lv and Ernest Scheyder BEIJING/HOUSTON (Reuters) -The sharp jump in China’s imports of rare earth ore from the United States in July was probably the final customs accounting of shipments from U.S. supplier MP Materials. Data on Wednesday from the General Administration of Customs showed imports of rare earths ore from the U.S. …
China’s imports of US rare earth ore surge in July Read More »
LONDON (Reuters) -Standard Chartered shares rose 3% on Friday after what the bank said was a favourable ruling by the U.S. Department of Justice in a long running civil case. Shares in the London-headquartered, Asian-focussed bank tumbled last week after a U.S. Republican lawmaker, Elise Stefanik, wrote to the Attorney General, Pam Bondi, asking for …
StanChart shares rise after favourable ruling in U.S. litigation Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) -Chinese semiconductor design firm Kunlunxin, which is backed by Baidu, said it had won chip orders worth over a billion yuan ($139 million) for telecoms firm China Mobile’s AI projects, as authorities push for domestic alternatives to Nvidia. Kunlunxin will supply artificial intelligence chips compatible with Nvidia’s …
