BEIJING (Reuters) -China hopes the European Union would make fewer accusations, the Chinese commerce ministry said on Thursday in a retort to EU criticism that European firms had limited access to the Chinese market. Setting the tone for an expected China-EU summit in Beijing in late July, European Commission President Ursula von der Leyen earlier …
China hopes EU will ‘make fewer accusations’ on market access Read More »
By Francesco Guarascio (Reuters) -Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington, documents seen by Reuters show. Last week, the Communist-ruled country struck a preliminary deal with U.S. …
Vietnam plans new penalties for illegal transshipments after Trump deal, documents show Read More »
BEIJING (Reuters) -Renault’s electric vehicle business Ampere signed a deal on Thursday with Chinese partners, including CICC Capital PE, in China’s eastern city of Hangzhou to launch an EV industry investment fund. The fund will focus on batteries, smart driving, smart cockpits and embodied intelligence, among other cutting-edge fields, the French automaker said in a …
Renault unit launches EV industry investment fund with Chinese partners Read More »
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics on Wednesday unveiled thinner, lighter foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple. The stakes are high. The South Korean company lost its global smartphone crown to Apple in 2023 and …
Samsung to fend off Chinese foldable phone rivals with slimmer model Read More »
By Jun Yuan Yong SINGAPORE (Reuters) -Singapore trade minister Gan Kim Yong will visit the United States later this month to discuss tariff concessions for the country’s pharmaceutical exports, he said on Thursday, part of efforts to limit the economic impact of the trade war. Singapore has not received a letter from the Trump administration …
Singapore trade minister to discuss pharma tariff concessions during US trip in July Read More »
(Reuters) -China’s auto sector is reeling from overcapacity and an extended price war, raising alarm among regulators and industry executives who warn the turmoil is undermining the sector’s long-term viability. China’s top leaders have pledged to step up regulation of aggressive price-cutting and support the orderly phasing out of outdated production capacity, state media reported …
China automakers’ price war, overcapacity hurt finances Read More »
HANOI (Reuters) -The Abu Dhabi state-backed firm G42 plans to partner with Vietnamese companies to develop a $2 billion hyperscale data centre in Vietnam’s business hub Ho Chi Minh City, state media reported on Thursday. The local partners include FPT Corp., investment firm VinaCapital and Viet Thai Group, the official Vietnam News Agency reported. Authorities …
UAE firm G42 plans $2 billion hyperscale data centre in Vietnam Read More »
JAKARTA (Reuters) -Indonesia’s meeting with United States representatives in Washington on the looming tariffs went “positively”, its chief negotiator said on Thursday, with both countries exploring a wider partnership in the critical minerals sector. Southeast Asia’s largest economy Indonesia is facing a 32% tariff imposed by the U.S. from August 1, highlighting its strategic importance …
TOKYO (Reuters) -Nissan Motor has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports, the automaker said. It has halted production of Pathfinder and Murano SUVs and Frontier pickup trucks, the Japanese automaker said in a statement late on Wednesday, without saying when …
Nissan says it has halted US production of three models sold in Canada Read More »
SHANGHAI (Reuters) -An industry body in China warned against illegal fundraising risks involving stablecoins amid a market frenzy over cryptocurrencies and digital assets. The Beijing Internet Finance Association said in a statement late on Wednesday that some unscrupulous institutions and individuals have been luring investors into stablecoin and other crypto schemes that promise high returns …
China industry body warns against illegal fundraising risks involving stablecoins Read More »
