By Pratima Desai LONDON (Reuters) -Eurasian Resources Group plans to invest $20 million in facilities to produce critical mineral gallium in Kazakhstan from next year, from the bauxite ore it processes to produce alumina, the company said in a release on Monday. Gallium is on the U.S. and European Union’s lists of critical minerals. It …
ERG plans to produce critical mineral gallium in Kazakhstan next year Read More »
BEIJING (Reuters) -Huawei Technologies’ new MateBook Fold laptop is powered by an older-generation chip made by SMIC, highlighting how U.S. export curbs are hindering China’s top foundry from advancing to next-generation semiconductor manufacturing, Canadian research firm TechInsights said on Monday. There was widespread speculation in the industry that Huawei would use SMIC’s newer 5nm-equivalent N+3 …
Huawei’s new laptop uses older China-made chip, US curbs stall SMIC, report shows Read More »
By Emma Rumney, Kaylee Kang and Tom Polansek LONDON/NEW YORK/CHICAGO (Reuters) -From an office a 15-minute drive from Chicago’s O’Hare International Airport, one small firm helped import millions of unauthorized Chinese-made vapes last year alone, forming a key link in the supply chain feeding U.S. demand for illegal e-cigarettes. In a little over four years, …
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TOKYO (Reuters) -Japan’s Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in the Gulf as they continue to transit the Strait of Hormuz following the U.S. strikes on Iranian nuclear facilities. The shipping companies said they are closely monitoring the situation and sharing updates …
Japanese ships transiting Strait of Hormuz to minimise time in Gulf Read More »
BERLIN (Reuters) -The dispute settlement body of the World Trade Organization (WTO) has agreed to a request from China for a panel regarding additional import duties imposed by Canada on certain Chinese products, a Geneva-based trade official said on Monday. (Writing by Friederike HeineEditing by Ludwig Burger)
BANGKOK (Reuters) -Thailand is considering a measure to allow pickup trucks of 20-25 years to be traded in for new ones with a tax discount in a bid to boost sluggish sales, the finance minister said on Monday. “Discussions have already begun with relevant parties,” Pichai Chunhavajira told reporters, without giving details. Domestic car sales …
Thailand considering pickup truck trade-in scheme to boost sales, minister says Read More »
(Reuters) -Oversea-Chinese Banking Corp on Monday said that it has no intention to make another offer to buy the rest of Great Eastern in the future in the event shareholders opted to not delist the insurer from the Singapore bourse. OCBC was responding to a media report saying that it still can propose to take …
TOKYO (Reuters) -Japan’s average retail rice prices fell below 4,000 yen ($27) for the first time in four months, data showed on Monday, after the government released an emergency stockpile of rice to tackle food inflation ahead of a national election. The supermarket price of rice per 5kg dropped by 6.1% to 3,920 yen in …
Japan’s retail rice prices fall below 4,000 yen, hitting prime minister’s target Read More »
(Reuters) -European Union countries should create joint reserves of rare earths to prevent supply chain disruptions and economic blackmail from China, the EU’s Commissioner for Industrial Strategy, Stephane Sejourne, told the Handelsblatt newspaper. Sejourne also said he would launch further tenders this year to promote alternative raw material sources, the German newspaper said. “All European …
EU needs rare earths strategic reserves against China threat, commissioner tells paper Read More »
BEIJING (Reuters) -Chinese auto dealers on Monday urged automakers to pay cashback incentives within 30 days to help to alleviate their financial pressures. The China Auto Dealers Chamber of Commerce called for quicker payment after it conducted a survey that found it could take as long as 180 days for dealerships to receive the cashbacks. …
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