Reuters Asia Business

By Rishav Chatterjee, Amy Lv and Lewis Jackson (Reuters) -Chinese battery giant Contemporary Amperex Technology said on Monday it had suspended production at a major lithium mine, sparking a surge in lithium futures and miners’ share prices, amid a broader crackdown on overcapacity. CATL said the license for its mine in Yichun, in the southern …

China’s CATL suspends operations at major lithium mine, seeks new license Read More »

(Reuters) -AC Health, the healthcare arm of the Philippines’ oldest conglomerate Ayala Corp, said on Monday that a private equity firm backed by Singapore’s state-investor Temasek will acquire a 16% minority stake in the company. In August 2024, Reuters reported that the Ayala Corp was keen on selling a minority stake in its healthcare business, …

Singapore’s Temasek-backed entity to acquire 16% stake in Ayala’s healthcare arm Read More »

(Reuters) -Contemporary Amperex Technology (CATL) has suspended production at its lithium mine Jianxiawo, in China’s Jiangxi province for at least three months, Bloomberg News reported on Sunday, citing people familiar with the matter. The Chinese battery manufacturer announced internally that the Jianxiawo mine would be halting operations temporarily, the report said, adding that affiliated refineries …

CATL suspends production at China lithium mine, Bloomberg News reports Read More »

(Reuters) -China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that Beijing wants the Trump administration to relax export …

China wants US to relax AI chip-export controls for trade deal, FT reports Read More »

BEIJING (Reuters) -China’s producer prices fell more than expected in July, while consumer prices were unchanged, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment. Factory-gate prices have been declining for more than two years, and Saturday’s data suggest early-stage efforts to tackle price competition have yet to …

China’s July factory-gate prices miss forecast, deflation concerns persist Read More »

By Karen Freifeld (Reuters) -The commerce department has started issuing licenses to Nvidia to export its H20 chips to China, a U.S. official told Reuters on Friday, removing a significant hurdle to the AI bellwether’s access to a key market. The U.S. last month reversed an April ban on the sale of the H20 chip …

US licenses Nvidia to export chips to China, official says Read More »