By Nick Carey LONDON (Reuters) -Jameel Motors has signed a deal to distribute Guangzhou Automobile Group’s (GAC) vehicles in Britain, the two companies said on Wednesday, making GAC the fourth Chinese automaker to launch a new brand in Europe’s second-largest car market this month. GAC’s UK sales will start with two Aion brand electric models …
China’s GAC to launch UK car sales with two Aion brand EVs Read More »
By Makiko Yamazaki TOKYO (Reuters) -Fitch Ratings sees fiscal policy as the main risk to Japan’s credit rating, its Japan sovereign analyst said on Wednesday, as calls for aggressive spending and consumption tax cuts intensify ahead of Sunday’s upper house election. “There has been a trend towards a looser fiscal policy in Japan recently,” with …
Fitch analyst sees fiscal policy as main risk to Japan’s credit rating Read More »
TOKYO (Reuters) -A Beijing court on Wednesday sentenced a Japanese employee of Astellas Pharma to 3-1/2 years in prison, the Nikkei newspaper reported, citing the Japanese ambassador to China. The man had been detained since March 2023 on suspicion of spying and had been indicted about a year ago. Chinese foreign ministry spokesperson Lin Jian …
China hands 3-1/2-year prison sentence to Astellas’ Japanese employee, Nikkei says Read More »
JAKARTA (Reuters) -U.S. President Donald announced a trade agreement with Indonesia that would see Washington lower its tariff rates to 19% from a threatened 32%. The deal includes increased Indonesian purchases of U.S. airplane, energy and farm products to help offset the nearly $18 billion trade balance in favour of Jakarta. Here is what we …
Factbox-Agreements between US, Indonesian firms in leadup to trade deal Read More »
BENGALURU (Reuters) -The demand outlook for India’s $283-billion IT sector remains uncertain due to U.S. tariff risks and global geopolitical factors, a senior Wipro executive said on Wednesday. “Customers are getting acclimatised to living in a world that is uncertain,” said Rishad Premji, executive chairman of the country’s fourth-largest IT firm by revenue. “The (overall) …
India IT demand outlook remains uncertain amid US tariff risks, says Wipro chair Read More »
BEIJING (Reuters) -Chinese electric vehicle maker Xpeng’s planned hires for this year have been revised up to 8,000 from 6,000, founder He Xiaopeng said in an internal speech. With the added openings, Xpeng’s workforce will be nearing 30,000 within this year, He said, according to a transcript of the speech seen by Reuters on Wednesday. …
China’s Xpeng revises up 2025 planned hires to 8,000, founder says Read More »
By Mohi Narayan and Sam Li NEW DELHI/BEIJING (Reuters) -China’s naphtha imports will hit record levels this year as new plants and caution over U.S. propane and ethane purchases will drive demand and support refiners’ margins for the petrochemical feedstock, analysts and traders said. Cracker operators in the world’s largest petrochemical producer, which pivoted in …
New plants, US trade worries to drive China’s 2025 naphtha imports to record Read More »
By Jarrett Renshaw and Karen Freifeld WASHINGTON/BEIJING/HONG KONG (Reuters) -Nvidia’s planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said on Tuesday, and comes days after its CEO met President Donald Trump. “We put that in the trade deal with the …
Nvidia’s resumption of AI chips to China is part of rare earths talks, says US Read More »
HANOI (Reuters) -A majority stake in Vietnam’s FPT Telecom, one of the country’s largest internet providers, has been transferred to the Ministry of Public Security from a state-run investment corporation in an effort to boost national cybersecurity, the ministry said on Wednesday. Vietnam’s State Capital Investment Corporation previously held 50.17% of FPT Telecom, while FPT …
Vietnam’s public security ministry takes stake in internet firm FPT Telecom Read More »
By Siyi Liu and Trixie Yap SINGAPORE (Reuters) -Chinese state-owned refiners are ramping up output after completing maintenance to meet higher third-quarter fuel demand and to rebuild diesel and gasoline stocks which are at multi-year lows, traders and analysts said. The increase in crude processing rates, expected to last through the third quarter, will drive …
China state refiners ramp up output on rising demand, stock rebuild Read More »
