Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said on Tuesday it could fine China Mobile for failing to answer questions in the agency’s probe to determine if its U.S. operations are seeking to evade American restrictions. The regulator previously barred China Mobile and other Chinese companies from providing telecommunications services in the United …

FCC says China Mobile could face US fines for failing to cooperate in probe Read More »

By Ozan Ergenay and Marie Mannes GOTHENBURG, Sweden (Reuters) -European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis. The automotive industry currently fears that the supply …

European truckmakers tackle rare-earths bottleneck with stockpiling, supply chain shifts Read More »

By David Shepardson WASHINGTON (Reuters) -Mitsubishi Motors said on Tuesday it was hiking prices of U.S. vehicles by 2.1% on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. President Donald Trump in April imposed 25% tariffs on car imports from Japan and nearly …

Mitsubishi hiking prices on new US vehicles by average 2.1% Read More »

By Alex Lawler and Enes Tunagur LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency said on Tuesday. Despite seeing an earlier demand …

World oil demand to keep growing this decade despite 2027 China peak, IEA says Read More »

By Tim Hepher PARIS (Reuters) -Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with …

Airbus strikes deal for up to 150 planes with VietJet Read More »

JAKARTA (Reuters) -Food company Wilmar Group said on Tuesday it had handed over 11.8 trillion rupiah ($725 million) to Indonesia’s Attorney General’s Office as a “security deposit” in relation to a case in court about alleged misconduct in obtaining palm oil export permits. Indonesian prosecutors are appealing a court ruling that had cleared Wilmar and …

Wilmar Group hands over $725 million in Indonesia palm oil graft case Read More »