(Reuters) -China has lifted curbs on the export of rare earth magnets to India, local Indian media reported on Tuesday. (Reporting by Shilpa Jamkhandikar; editing by Sudipto Ganguly)
By Fransiska Nangoy and Jeslyn Lerh JAKARTA/SINGAPORE (Reuters) -Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical. The prefabricated refinery units, which can be constructed faster and more cheaply …
Indonesia plans quick-to-build oil refineries for US crude, doubts persist Read More »
HANOI (Reuters) -Vietnam Prosperity Joint Stock Commercial Bank plans to launch an initial public offering of its securities unit, VPBank Securities, in November, two sources with direct knowledge of the matter said. The bank, known as VPBank, plans to offer 10% of the unit’s shares to investors, one of the sources said. The unit, VPBankS, …
Vietnam’s VPBank plans IPO for securities unit in November, sources say Read More »
(Corrects Aug 18 story to specify one cargo in paragraph 11, not both cargoes) By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -Chinese state-run trading firm COFCO has booked a cargo of about 50,000 metric tons of new-crop Australian canola, two traders told Reuters, just days after Beijing imposed temporary levies on top supplier Canada. …
China buys first Australian canola cargo since 2020, traders say Read More »
BEIJING (Reuters) -Tesla Inc started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world’s largest auto market to battle growing competition. Tesla first launched the Model Y in 2020 and it became the …
Tesla starts taking orders for its new Model Y L in China from around $47,200 Read More »
By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia is expected to pause its easing cycle on Wednesday to assess the impact of earlier rate cuts as inflation has ticked up recently and economic momentum remained solid last quarter, a Reuters poll of economists showed. After BI lowered its key policy rate by 25 basis points last …
Bank Indonesia to hold rates at 5.25% on August 20, resume easing in Q4: Reuters poll Read More »
(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr …
Trading Day: Muted Monday, eyes on Trump summitry Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) -Arm Holdings has hired Amazon.com artificial intelligence chip director Rami Sinno to bolster its plans to develop its own complete chips, a person familiar with the matter said on Monday. Sinno was responsible for helping to develop Amazon’s homegrown AI chips called Trainium and Inferentia that are designed …
Exclusive-Arm hires Amazon AI exec to boost plans to build its own chips Read More »
(Reuters) -Embattled Chinese property developer Country Garden said on Monday it had reached an agreement with a core group of bank creditors that holds 49% of its offshore debt, marking another step in its $14.1 billion restructuring plan. Once China’s largest developer, the company defaulted on $11 billion in offshore bonds in late 2023, adding …
Country Garden wins bank creditor group’s support for offshore debt overhaul Read More »
(Corrects paragraph 21 to say DCL Logistics provides fulfillment and distribution services for brands like GoPro, it does not import products for them) By Jessica DiNapoli, Casey Hall and Siddharth Cavale NEW YORK/SHANGHAI (Reuters) -U.S. shoppers looking for fake Christmas trees and holiday decor this year will have fewer choices and face higher prices as …
Fewer fake firs, higher prices: China tariff delay does little to save the holidays Read More »
