Reuters Asia Business

BEIJING (Reuters) -China issued guidelines on Tuesday to boost financial support for advanced manufacturing, saying it would encourage banks to provide more medium- and long-term financing to industries such as integrated circuits and advanced materials. The guidelines, jointly released by seven state agencies including the central bank and the finance ministry, are aimed at promoting …

China pledges more financial support for advanced manufacturing Read More »

By Kirsty Needham, Tim Kelly and Alasdair Pal SYDNEY/TOKYO (Reuters) -Japan clinched a landmark A$10 billion ($6.5 billion) deal on Tuesday to build warships for Australia, marking Tokyo’s most consequential defence sale since ending a military export ban in 2014 as it steps away from postwar pacifism to counter China. Under the agreement, Mitsubishi Heavy …

Japan clinches landmark $6.5 billion warship deal with Australia to counter China Read More »

By Daniel Leussink TOKYO (Reuters) -Nissan Motor has begun negotiations with the union representing staff at its European regional office about changes that will include job losses, according to a company document and internal emails. The struggling Japanese automaker, which has embarked on a major restructuring, confirmed it has entered consultations with staff representatives at …

Nissan begins talks with union to cut jobs at European regional office Read More »

BEIJING (Reuters) -Chinese carmaker Li Auto said on Tuesday it has replaced three variants of its i8 electric SUV with a single version priced at 339,800 yuan ($47,300), a week after the line-up’s launch on July 29. The unusual move came as the EV maker’s deliveries fell for the second straight month amid a bruising …

China’s Li Auto consolidates electric SUV lineup one week after launch Read More »

By Melanie Burton MELBOURNE (Reuters) -Australia said on Tuesday that it will provide A$135 million ($87.4 million) in financial support for two smelters owned by Trafigura unit Nyrstar, as part of its strategy to become a key supplier of critical minerals to Western allies. The funding, announced by federal and state governments and supported by …

Australia pledges $87 million to rescue Trafigura’s Nyrstar smelters in critical minerals push Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japan’s top tariff negotiator Ryosei Akazawa said he would leave for Washington on Tuesday, seeking to press for President Donald Trump’s signing of an executive order that would bring an agreed cut to tariffs on Japanese auto imports into effect. The U.S. last month agreed in a trade deal to …

Japan trade negotiator to visit US to press for swift implementation of auto tariff deal Read More »