By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector. New home prices were down 5.3% from a year earlier, the fastest pace …
China new home prices fall at fastest pace in over 9 years in Aug Read More »
By Amy Lv and Colleen Howe BEIJING (Reuters) – China’s crude steel output in August fell 6.1% from July, a third straight month of declines, as steelmakers grappled with losses from a decline in steel prices. The world’s largest steel producing country made 77.92 million metric tons of crude steel last month, data from the …
China August crude steel output slumps as mills grapple with losses Read More »
By Ben Blanchard TAIPEI (Reuters) -Taiwan’s defence ministry said on Friday it was aiming for delivery of the first new F-16V fighter jets by the end of this year, blaming “acute fluctuations” in the international situation for delays in the island receiving them. The United States in 2019 approved an $8 billion sale of Lockheed …
Taiwan hopes delayed F-16s start arriving by end of this year Read More »
By Alexandra Alper, Echo Wang and Karen Freifeld WASHINGTON (Reuters) – A powerful U.S. national security panel reviewing Nippon Steel’s $14.9 billion bid for U.S. Steel faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said. The Committee on Foreign Investment in the …
Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say Read More »
(Reuters) – Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile companies are trying to test investor appetite for IPOs following a prolonged downturn due to rising interest rates and geopolitical turmoil. The …
Chinese courier delivery firm BingEx files for US IPO Read More »
By David Shepardson WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold oral …
TikTok faces crucial court hearing that could decide fate in US Read More »
(Reuters) -The European Union is aiming to hold a vote to introduce definitive tariffs on electric vehicles imported from China on Sept. 25, Bloomberg News reported on Friday, citing people familiar with the plan. The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on …
EU plans Sept 25 vote on raising tariffs on EVs from China, Bloomberg News reports Read More »
By Julie Zhu and Xie Yu HONG KONG (Reuters) -Chinese regulators hit PwC’s mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm’s audit of failed property developer China Evergrande Group. Delivering a strong rebuke to the Big Four firm, China’s securities regulator …
China hits PwC with six month ban and large fine in record penalty over Evergrande audit Read More »
TOKYO (Reuters) – Japanese trading house Sumitomo Corp has entered India’s renewable energy market by creating a joint venture with Indian renewable energy company AMPIN Energy Transition, Sumitomo said on Friday. Sumitomo, which holds 49% in the JV with AMPIN Energy Transition having the rest, said the two planned to supply energy from solar and …
Japan’s Sumitomo Corp enters renewable energy market in India Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada’s Alimentation Couche-Tard. Couche-Tard is discussing potentially raising …
Japan says Seven & i now ‘core’ to national security Read More »
