By Ella Cao and Joe Cash BEIJING (Reuters) -China extended on Monday its anti-subsidy investigation into European Union dairy imports by six months, one front in a wider trade war with Brussels and Washington. Trade tensions between China and the EU erupted in 2023 when the European Commission – which oversees the bloc’s trade policy …
China extends probe into EU dairy products as trade tussle goes on Read More »
BEIJING (Reuters) -Tesla’s Model Y L is “coming soon”, the electric car company said on Chinese social media platform Weibo on Monday, having previously registered plans to introduce the new model in China. The Model Y L is a six-seat version of its best-selling Model Y with a longer wheelbase. Tesla also shared a video …
HONG KONG (Reuters) -China will continue to boost consumption and protect people’s livelihoods, expanding the country’s positive growth trend, Premier Li Qiang told a State Council plenary meeting on Monday. Li, whose comments were broadcast by China’s state broadcaster China Central Television, said authorities would strive to achieve the full year economic growth target set …
China to continue stimulating consumption, premier says Read More »
By Junko Fujita TOKYO (Reuters) -Japan’s Nikkei share average extended its gains from last week to end at a record high on Monday, as a weaker yen pushed automakers’ stocks higher. The Nikkei rose 0.77% to 43,714.31 and the broader Topix rose 0.43% to 3,120.96. Both closed at record levels for the second straight session. …
Japan’s Nikkei ends at record high as automakers rise on weaker yen Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Foxconn’s said on Monday it plans to manufacture data centre equipment with Japan’s SoftBank at the Taiwanese firm’s former electric vehicle factory in Ohio, part of the Stargate project to advance U.S. artificial intelligence infrastructure. Softbank has purchased the Lordstown site, Foxconn Chairman Young Liu told reporters, adding that Foxconn …
Foxconn and SoftBank to make data centre equipment in Ohio for Stargate project Read More »
(Reuters) -White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop. New Delhi was “now cozying up to both Russia and China,” Navarro wrote in an opinion piece published in the Financial Times on Monday. “If India wants to be treated as a strategic …
US adviser Navarro says India’s Russian crude buying must stop Read More »
By Yuka Obayashi TOKYO (Reuters) -Japanese steel lobby groups said on Monday they have requested the early introduction of measures to prevent the evasion of anti-dumping tariffs aimed at protecting domestic industries from unfair imports. The move comes as record steel exports from China, the world’s largest producer, have sparked a protectionist backlash globally, with …
Japan steel groups seek reforms to stop tariff evasion as China exports surge Read More »
By Kantaro Komiya TOKYO (Reuters) -Firefly Aerospace is exploring an option to launch its Alpha rocket from Japan as the U.S. rocket maker expands its satellite launch services globally, a Japanese company operating a spaceport in the country’s northern Hokkaido said on Monday. The plan could make Japan the second offshore launch site – and …
Firefly Aerospace eyes Japan rocket launches for Asia market Read More »
BEIJING (Reuters) -China’s imports of unwrought aluminium and products in July surged 38.2% from the prior year, customs data showed on Monday. The world’s top consumer of the light metal imported 360,000 metric tons of unwrought aluminium and products last month, data from the General Administration of Customs showed. The data includes primary metal and …
China July aluminium imports surge 38% from prior year Read More »
BEIJING (Reuters) -China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday. A reserve price has yet to be set. The company’s assets were valued at 5.4 billion yuan ($752.15 million) last year, …
China’s Dongfeng Motor puts its 50% stake in Dongfeng Honda Engine up for sale Read More »
