BEIJING (Reuters) -Tesla’s sales of China-made electric vehicles fell 8.4% in July from a year earlier, reversing a small increase in June, amid rising competition from rivals offering lower-priced new models. Deliveries of Tesla’s China-made Model 3 and Model Y vehicles, including exports to Europe and other markets, reached 67,886 cars last month, down 5.2% …
By Wen-Yee Lee TAIPEI (Reuters) -Dressed in a white protective suit and face mask, Nicolas Chueh listened intently as a guide introduced a series of silver machines used in manufacturing Taiwan’s cutting-edge semiconductors. The 16-year-old was among students from eight countries at the summer camp staged to raise interest in Taiwan’s most vital industry amid a …
Taiwan cultivates young overseas chip talent with summer camps, university courses Read More »
(Reuters) -Citigroup has appointed Vikram Chavali and Deepak Dangayach as managing directors to bolster its financial sponsor and debt capital markets coverage across Asia, the bank said on Monday. The appointments come amid increased global demand for private and structured credit solutions, a sector Citi has been prioritising. Both bankers will be based in Hong …
Citi strengthens Asia investment banking team with key hires Read More »
By Anton Bridge TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) posted a 2.2% rise in first-quarter net profit on Monday as loan demand in Japan and abroad rode out market volatility over the quarter, after stripping out a one-time item. The results from Japan’s largest banking group round off a robust showing for the country’s …
Japan’s MUFG maintains record full-year profit forecast after steady Q1 results Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s Mitsubishi Materials is considering scaling back copper concentrate processing at its Onahama Smelter & Refinery as falling treatment and processing charges (TC/RCs) weigh on earnings, it said on Monday. In June, peer JX Advanced Metals said that it was also considering copper production cuts due to a significant deterioration …
Japan’s Mitsubishi Materials may scale back copper smelting due to worsening margins Read More »
TOKYO (Reuters) -Japanese trading house Mitsubishi on Monday posted a net profit of 203.1 billion yen ($1.4 billion) in the three months to June 30, down 43% from a year ago but beating analysts’ forecasts. An LSEG poll of analysts had expected the company to post 180.3 billion yen in first-quarter net profit. In the …
Japan’s Mitsubishi Q1 profit down 43%, beats expectations Read More »
TOKYO (Reuters) -Japanese trading house Sojitz established a joint venture with Japan Organization for Metals and Energy Security (JOGMEC) to study gallium production in Australia, Sojitz said on Monday. Gallium, a critical mineral, is used in semiconductors where demand continues to grow with the expansion of electric cars, mobile devices and other electronic items. The …
Japan’s Sojitz, JOGMEC team up with Alcoa for gallium study in Australia Read More »
By Praveen Paramasivam and Chandini Monnappa THOOTHUKUDI, India (Reuters) -Vietnamese electric vehicle maker VinFast began operations at a new plant in India, its first overseas factory, on Monday, and said it hopes to source more parts locally and that it had received orders from Sri Lanka, Nepal and Mauritius. The loss-making carmaker has struggled to …
VinFast in talks to boost India sourcing as its first overseas plant swings into gear Read More »
TOKYO (Reuters) -JFE Holdings, parent of Japan’s second-biggest steel maker, posted 7.1 billion yen ($48 million) in net profit on Monday for the three months ended on June 30, down 74% from a year earlier and missing analysts’ forecasts. An LSEG poll of analysts had expected JFE Holdings to report 16.1 billion yen in quarterly …
Japan’s JFE Holdings first-quarter profit down 74%, misses forecasts Read More »
KUALA LUMPUR (Reuters) -Malaysia’s palm oil inventories are forecast to rise for a fifth consecutive month in July to reach their highest level in almost two years, as production growth outpaced exports, a Reuters survey showed on Monday. Palm oil stocks are expected to rise to 2.25 million metric tons, up 10.8% from June, according …
Malaysia’s end-July palm oil stocks to hit near two-year high Read More »
