TAIPEI (Reuters) -A Taiwan trade delegation will continue talks with the United States on tariffs in Washington, four people familiar with the matter told Reuters on Wednesday. Goods sent from Taiwan to the U.S. were targeted for tariffs of 32% by U.S. President Donald Trump when he announced his so-called “reciprocal” tariffs in April, but …
Taiwan trade delegation will continue tariff talks in US, sources say Read More »
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -South Korea’s LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs. The lithium iron phosphate (LFP) batteries …
TOKYO (Reuters) -Japan’s ruling coalition agreed on Wednesday with four major opposition parties to abolish a provisional gasoline tax at the soonest this year, as it gave in to opposition pressure following a major election defeat. In a joint statement, the Liberal Democratic Party-led coalition and the opposition parties said an extraordinary session of parliament …
Japan’s ruling coalition, opposition agree to scrap extra gasoline tax Read More »
SEOUL (Reuters) -Hyundai Motor Group Executive Chair Euisun Chung will travel to Washington on Wednesday to support South Korea’s push for a trade deal with the United States, the Yonhap news agency reported. Other South Korean business leaders have also visited the United States. Samsung Electronics Chairman Jay Y. Lee left for Washington on Tuesday …
Hyundai Motor Group Chair Chung heads to US to back South Korea trade talks – Yonhap Read More »
By Anton Bridge TOKYO (Reuters) -Japan’s Daiwa Securities booked a rise of 30.2% in first-quarter net profit from a year earlier, it said on Wednesday, as its asset management division made up for dampened profits from trading and investment banking. Market volatility after U.S. President Donald Trump’s sweeping tariffs in April hit trading position management …
Japan’s Daiwa racks up 30% profit rise as assets under management grow Read More »
KUALA LUMPUR (Reuters) -Malaysia has decided not to proceed with a high-value goods tax first mooted in its budget spending plan two years ago, the finance ministry said. A tax of 5% to 10% on high-value goods was initially set to begin in May 2024 before being delayed. The government will no longer proceed with …
Malaysia scraps high-value goods tax plan, finance ministry says Read More »
TOKYO (Reuters) -European investment firm EQT will launch a $2.7 billion tender offer for Fujitec at 5,700 yen per share, the Japanese elevator maker said on Wednesday. Following completion of the tender offer, EQT would own 85%, while Fujitec’s founding family would roll over a 15% minority stake, EQT said in a statement. The deal …
European investment firm EQT to take Japan’s Fujitec private for $2.7 billion Read More »
SEOUL (Reuters) -South Korean battery maker LG Energy Solution (LGES) said on Wednesday it had signed a $4.3 billion contract to supply lithium iron phosphate (LFP) batteries over three years globally, without identifying the customer. The company, whose major customers include Tesla and General Motors, did not say whether the LFP batteries will be used …
LG Energy Solution signs $4.3 billion battery supply contract Read More »
By Sudarshan Varadhan, Fransiska Nangoy and Hongmei Li SINGAPORE/JAKARTA (Reuters) -Indonesia’s coal producers are trapped between the rock of falling exports and a hard place of peaking demand from the nickel smelters that had been driving the fuel’s consumption domestically, creating a growth conundrum for the companies. Coal is Indonesia’s biggest export earner, making $30.49 …
Analysis-Indonesia nickel slump piles pressure on coal miners hit by falling exports Read More »
(Reuters) -White House National economic adviser Kevin Hassett, in an apparent reference to Nvidia’s H20 AI chip shipments to China, said President Trump and his team decided to let the chips go in a bid to stop China from getting ahead in the race to make the best chips. Nvidia two weeks ago said it …
US allowed Nvidia chip shipments to China to go forward, Hassett says Read More »
