By Makiko Yamazaki and Tamiyuki Kihara TOKYO (Reuters) -Japan’s government said on Friday that profits from a $550 billion investment package agreed in this week’s tariff deal with the U.S. would be split between Japan and the U.S. according to the degree of contributions by each side. The comment from a Japanese government official suggests …
BEIJING (Reuters) -China’s homegrown robotics company Unitree Robotics on Friday launched a new bipedal humanoid robot at a starting price of 39,900 yuan ($5,566), a deep discount to the 2024 price of a previous model as manufacturing costs declined. R1, weighing about 25 kilograms, uses a multimodal large language model integrating speech and image modalities, …
China’s Unitree prices new humanoid robot at deep discount to 2024 model Read More »
By Emma Rumney LONDON (Reuters) -French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance on Friday after damaging Chinese tariffs were reduced. Sales have slumped in Remy’s key U.S. and Chinese markets in recent years, forcing the company into multiple guidance downgrades and …
Remy Cointreau sales rise, profit view lifted on China tariff deal Read More »
FRANKFURT (Reuters) -Euro zone companies are facing a slowing economy and increased competition from China as U.S. tariffs dent confidence and force rivals to seek new markets, a European Central Bank poll showed on Friday. The ECB left interest rates unchanged on Thursday and offered a modestly upbeat assessment of the euro zone economy, raising …
Euro zone companies warn of slowing economy, China competition, ECB poll shows Read More »
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -South Korea’s Kia Corp said on Friday that it aims to increase its U.S. sales and market share in the second half, driven by sales of new hybrid and gasoline vehicles and as some rivals are expected to raise prices to cope with tariffs. Kia, which together …
Kia aims to win US market share as tariffs force rivals to pull back Read More »
By Brijesh Patel and Rajendra Jadhav (Reuters) -Physical gold demand in key Asian hubs was subdued this week, as rising prices dampened sentiment, prompting dealers in top consumer China and India to offer steep discounts to attract buyers. Indian dealers offered discounts of up to $15 an ounce over official domestic prices this week, which …
High prices stifle gold demand in top Asian hubs; India widens discount Read More »
By Che Pan and Casey Hall BEIJING/SHANGHAI (Reuters) -Demand in China has begun surging for a business that, in theory, shouldn’t exist: the repair of advanced Nvidia artificial intelligence chipsets that the U.S. has banned the export of to its trade and tech rival. Around a dozen boutique companies now offer repair services, according to …
In China, repair demand for banned Nvidia AI chipsets booms Read More »
By Casey Hall and Sophie Yu SHANGHAI/BEIJING(Reuters) -China’s largest e-commerce platforms show no signs of halting an “instant retail” price war unusual in its resilience to state criticism, indicating the almost existential importance placed on instant retail as the future of e-commerce. Their fight in instant retail, where delivery can be as quick as half …
By Ariba Shahid KARACHI (Reuters) -Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday. BYD, the world’s top EV maker, has been expanding rapidly outside …
China’s BYD to assemble EVs in Pakistan from 2026 Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -Increasing adoption of renewable energy in the Philippines could push average annual spot power prices as much as 24% lower by 2029, its power market operator said on Thursday. Spot power prices in the Philippines have fallen to a post-pandemic low of 4.14 Philippine pesos ($0.0731) per kilowatt-hour (kWh) in …
