BEIJING (Reuters) -Chinese startup Unitree Robotics has begun the so-called “tutoring” process for a potential initial public offering, a filing with the securities regulator showed on Friday. CITIC Securities is acting as the company’s tutoring institution and is scheduled to assist Unitree in preparing the listing application documents in accordance with relevant regulations in the …
HONG KONG (Reuters) -Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source said, bringing the U.S. bank’s operations in the world’s second-largest economy into focus. The employee, Chenyue Mao, who was born in Shanghai and based in Atlanta, currently serves as a managing director at …
Factbox-Wells Fargo’s business in China, where senior executive faces an exit ban Read More »
JAKARTA (Reuters) -Nickel miner Vale Indonesia <INCO.JK> plans to seek between $1 billion and $1.2 billion in financing over 2026-2027 to help fund its mine and smelter projects, Andaru Brahmono Adi, head of corporate finance and investor relations, said on Friday. The first round of financing, around $500 million, will likely come from bank loans …
Vale Indonesia to seek up to $1.2 billion financing in 2026-2027, official says Read More »
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -Chinese economists urged local governments to focus on consumption to support economic growth over the next five years, as trade tensions weigh on exports and expose vulnerabilities in the economy. Liu Qiao, Dean of the Guanghua School of Management at Peking University, told a media event on …
Economists urge Chinese local govts to target consumption to drive growth Read More »
By Anton Bridge, Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Alimentation Couche-Tard’s attempt to create a global convenience store behemoth was set back when it pulled its $46 billion bid for Seven & i, whose consumers in Japan have emotional ties to their purveyor of rice balls. The Canadian company, which owns Circle-K, withdrew its …
Japan provides reality check for Couche-Tard’s grand retail dream Read More »
BEIJING (Reuters) -China’s commerce ministry called on Canada to correct the “wrong practice” of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms. Ottawa this week introduced a tariff rate quota for countries with which it has free …
China urges Canada to drop steel import curbs and threatens countermeasures Read More »
(Reuters) -China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, the Wall Street Journal reported on Thursday, citing unidentified sources. BlackRock declined to comment on the report when contacted …
By Sarita Chaganti Singh and Nikunj Ohri NEW DELHI (Reuters) -The Indian government’s top think tank has proposed easing rules that de facto require extra scrutiny for investments by Chinese companies, arguing that the rules have meant delays for some sizeable deals, three government sources said. Currently, all investment by Chinese entities in Indian companies …
By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Asian refiners are buying more Kazakhstan CPC Blend crude loading in August than July after falling European demand depressed prices, traders said, likely capping Asia demand for similar light-sour grades such as Abu Dhabi’s Murban. Softening demand from refiners in the Mediterranean for CPC Blend crude loading …
Kazakhstan CPC Blend oil heads to Asia as European demand eases, sources say Read More »
BEIJING (Reuters) -China will issue action plans to stabilise growth in the machinery, autos, and electrical equipment sectors, Tao Qing, an official with the industry ministry, said on Friday. The move is intended to “improve premium supply capacity” to set up the industry for an effective upgrade in quality terms and reasonable growth as measured …
China to issue action plans to stabilise autos and other sectors Read More »
