(Corrects name of Dexter Magnetic Technologies CEO to Joe Stupfel, not Kash Mishra, in paragraph 17) By Christina Amann and Laurie Chen BERLIN/BEIJING (Reuters) -The threat of mass shutdowns across the automotive supply chain is fading as Chinese rare earth magnets begin to flow, though automakers and suppliers say production plans still face uncertainties and …
China’s rare earths are flowing again, but not freely Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japanese factory output rose at a slower-than-expected pace in May, government data showed on Monday, as sweeping U.S. tariffs were threatening to derail the country’s already fragile economic recovery. Industrial output rose 0.5% in May from the previous month, data from the Ministry of Economy, Trade and Industry (METI) showed, less …
Japan factory output rises, but slower than expected as US tariffs threat looms Read More »
SHANGHAI (Reuters) -Chinese financial technology firm Ant Group said on Monday that it has increased investment in research and development (R&D) for four consecutive years since 2021, reaching a record high of 23.45 billion yuan ($3.26 billion) in 2024. The company made the disclosure in its 2024 sustainability report. ($1 = 7.1661 Chinese yuan renminbi) …
China’s Ant Group invested $3.26 billion in R&D in 2024 Read More »
BEIJING (Reuters) -China’s non-manufacturing activity increased in June, an official survey showed on Monday. The official non-manufacturing purchasing managers’ index (PMI), which includes services and construction, rose to 50.5 from 50.3 in May, according to the National Bureau of Statistics (NBS). The 50-point mark separates expansion from contraction in activity on a monthly basis. The …
China’s non-manufacturing activity increased in June, PMI shows Read More »
(Reuters) -China’s biggest gold and copper producer Zijin Mining said on Monday it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for $1.2 billion. Zijin said its unit Zijin Gold International and Jinha Mining, a subsidiary of Zijin Gold, had inked a deal to acquire the rights …
China’s Zijin Mining to acquire Kazakh gold mine in $1.2 billion deal Read More »
(Reuters) -China’s Lens Technology Co aims to raise up to HK$4.77 billion ($608 million) listing its shares in Hong Kong, a regulatory filing showed on Monday. The company, which makes glass and metal products used in smartphones and watches, will issue 262.3 million H-shares with a maximum offer price of HK$18.18 per share, it said …
China’s Lens Technology to raise up to $608 million via Hong Kong listing Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -Singapore boosted the share of renewables in its power generation mix to a record high in May, an analysis of the latest market data showed, as the country ramped up renewable imports and accelerated local solar power generation. Domestic solar generation in May rose at the fastest pace since March …
Singapore’s renewables usage hits record high as imports, solar output rise Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s increasing caution around raising interest rates further relies heavily on a relatively obscure inflation reading, which policy doves argue suggests weak consumer demand but critics say messes with the bank’s messaging. Underlying inflation in Japan, which focuses on the strength of domestic demand and wages rather …
In dovish tilt, BOJ zooms in on obscure underlying inflation trends Read More »
KARACHI, Pakistan (Reuters) -China has rolled over $3.4 billion in loans to Pakistan, two senior Pakistani government officials told Reuters on Sunday, in a move that will help boost Islamabad’s foreign exchange reserves, a requirement of the International Monetary Fund. Beijing rolled over $2.1 billion, which has been in Pakistan’s central bank’s reserves for the …
China rolls over $3.4 billion loans to Pakistan, say sources Read More »
BEIJING (Reuters) -China on Sunday announced it is immediately resuming seafood products imported from some Japanese regions, ending a nearly two-year overall ban imposed due to worries over Japan’s release of treated wastewater from the Fukushima nuclear power plant. In a notice on Sunday, China Customs said seafood products from 10 prefectures – Fukushima, Gunma, …
China resumes qualified seafood imports from some Japan regions Read More »
