BEIJING (Reuters) -China is ready to strengthen cooperation with the European Central Bank (ECB), including on reforming the international monetary system, Premier Li Qiang told ECB President Christine Lagarde at a meeting in Beijing on Thursday. Lagarde is on a rare visit to Beijing this week as both China and the European Union are embroiled …
China eyes stronger cooperation with ECB amid global trade tensions Read More »
NEW DELHI (Reuters) -India is in touch with China to bring “predictability in supply chain for trade” following China’s curbs on rare earths exports, India’s foreign ministry spokesperson said on Thursday. China’s curbs on some rare earth exports have rocked the global auto industry, with companies warning of severe supply chain disruptions. Maruti Suzuki, India’s top carmaker, has …
India in touch with China about supply chain predictability after rare earths curbs Read More »
By Leika Kihara TOKYO (Reuters) -U.S. President Donald Trump’s tariffs may have put an end to the Bank of Japan’s rate-hike cycle, with the chance of further interest rate increases fading fast due to the expected hit to exports, former BOJ policymaker Takako Masai said on Thursday. Uncertainty over U.S. trade policy is causing huge …
US tariffs may have ended BOJ’s rate-hike cycle, former policymaker says Read More »
BANGKOK (Reuters) -A Chinese-backed militia is protecting new rare earth mines in eastern Myanmar, according to four people familiar with the matter, as Beijing moves to secure control of the minerals it is wielding as a bargaining chip in its trade war with Washington. China has a near-monopoly over the processing of heavy rare earths …
Exclusive-China-backed militia secures control of new rare earth mines in Myanmar Read More »
By America Hernandez PARIS -French oil major TotalEnergies’ subsidiary Saft has been selected to build a 1 gigawatt-hour battery energy storage system in Japan’s Fukushima, the company said on Thursday. Part of a larger project by Asian renewable developer Gurin Energy, the system will be able to provide over 240 megawatts of power for four …
TotalEnergies’ Saft to build Fukushima battery storage site Read More »
TURIN, Italy (Reuters) -Stellantis is currently unaffected by supply bottlenecks for rare earths from China, but the automaker had past difficulties in managing the situation, the head of its European operations said on Thursday. China, which controls over 90% of global processing capacity for rare earths used in everything from automobiles and fighter jets to …
Stellantis ‘fine for June’ on rare earth supplies, top manager says Read More »
BANGKOK (Reuters) -Thailand’s central bank said on Thursday it would supervise non-bank providers of hire-purchase and leasing for cars and motorcycles from December, with the firms required to decide early in 2026 if they will continue to operate under new rules. The supervision of the group, which is an important source of funding in the …
Thai central bank says to supervise non-bank providers of auto leasing Read More »
(Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba, plans to apply for a license to issue stablecoins in Hong Kong through its overseas arm Ant International, the subsidiary said in a statement on Thursday. Last month, Hong Kong’s legislature passed a stablecoin bill that establishes a licensing regime for fiat-referenced stablecoin issuers in …
Ant unit plans to apply for stablecoin issuer license in Hong Kong Read More »
By John Biju (Reuters) -Bullish bets firmed up on most Asian currencies as the lack of clarity on a U.S.-China trade agreement kept the dollar on the back foot, a Reuters poll showed on Thursday. Long positions in the Taiwan dollar touched their highest since December 2020, while bullish bets on the South Korean won …
Bulls load up on Asian currencies as trade uncertainty knocks dollar: Reuters poll Read More »
BEIJING (Reuters) -China on Thursday affirmed a trade deal announced by U.S. President Donald Trump, saying both sides needed to abide by the consensus and adding China always kept its word. The deal, reached after Trump and China’s President Xi Jinping spoke on the telephone last week, brings a delicate truce in a trade war …
China affirms trade deal with US, says it always keeps its word Read More »
