By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that a trade agreement with Vietnam was nearly complete. Trump told reporters at Joint Base Andrews near Washington that he could release details of the Vietnam trade agreement, but did not think it was necessary. The U.S. president announced earlier this month that …
Trump says Vietnam trade deal is ‘pretty well set’ Read More »
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small opposition party Sanseito said ahead of an upper house election, warning against a premature hike in borrowing costs. “Corporate bankruptcy cases aren’t declining and …
Small but rising Japanese opposition party warns against near-term BOJ rate hike Read More »
By Kantaro Komiya TOKYO (Reuters) -Japanese manufacturers’ business confidence improved slightly in July and is expected to strengthen further in the coming months despite ongoing concerns about U.S. tariffs, thanks to recovery in the semiconductor sector, a Reuters Tankan poll showed. The monthly poll, which tracks the Bank of Japan’s quarterly tankan business survey, showed …
Japan manufacturers’ sentiment improves in July despite tariff woes: Reuters Tankan poll Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption. Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. U.S. West …
Oil slips as Trump’s 50-day deadline for Russia eases supply fears Read More »
(Reuters) -Hong Kong-listed Sino Biopharmaceutical said on Tuesday it will buy the remaining 95.09% stake it does not hold in Shanghai-based LaNova Medicines for no more than $950.92 million. The acquisition of the cancer treatment developer will enhance Sino’s competitiveness and influence in oncology innovation, while also enabling potential future international transactions by leveraging LaNova’s …
Sino Biopharmaceutical to acquire LaNova Medicines for up to $951 million Read More »
(Reuters) -Zara-owner Inditex plans to expand its budget brand Lefties to France, the fashion giant’s CEO told investors on Tuesday, as it tries to attract more young consumers and steps up competition against Shein and other low-cost rivals. The planned opening marks Lefties’ return to France, having initially launched there in 2009 before shutting both …
Inditex to reopen budget brand Lefties in France as it takes on Shein Read More »
(Reuters) -Uber and China’s Baidu will partner to deploy thousands of Baidu’s Apollo Go autonomous vehicles on the Uber platform across several international markets outside the U.S. and mainland China, the companies said on Tuesday. The first rollouts are expected in Asia and the Middle East later this year. The tie-up brings together Uber’s massive …
Uber partners with China’s Baidu to deploy self-driving taxis in global markets Read More »
VIENNA (Reuters) -Austria’s Steyr Automotive has won an order to produce electric trucks for China’s SuperPanther for sale in the European market, it said on Tuesday. Chinese automakers have expanded in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands. This expansion has …
Austria’s Steyr Automotive wins large electric truck order from Chinese firm Read More »
BEIJING (Reuters) -Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling from overcapacity and an extended price war, prompting regulators and industry executives to warn about risks to the sector’s …
State-owned Chinese carmakers GAC and JAC forecast record Q2 losses Read More »
By Che Pan and Casey Hall BEIJING (Reuters) -China’s smartphone market contracted in the second quarter after six straight quarters of growth, with shipments declining at four of the top five brands due to weaker consumer demand, IDC data showed on Tuesday. Apple, ranked fifth in China’s smartphone market, saw its shipments decline 1.3% year-on-year …
China smartphone market reverses to decline in Q2 after six quarters of growth Read More »
