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China rare earths magnets maker says it has received export licences

BEIJING (Reuters) -Chinese rare earths magnet producer JL MAG Rare-Earth said on Wednesday it had obtained export licences for rare earths products including magnets, motor rotors and components to regions including the U.S., Europe and Southeast Asia. The company applied for licences after China added several rare earths minerals and associated magnets to an export …

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BOJ to postpone rate hike to Q1 next year, tiny majority of economists say: Reuters poll

By Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan will forego another interest rate hike this year due to uncertainty over U.S. tariff policy, according to a slight majority of economists in a Reuters poll who expect the next 25-basis-point increase in early 2026.   Japan’s central bank will slow the pace of tapering its government …

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ECB, China’s central bank renew cooperation agreement

FRANKFURT (Reuters) -The European Central Bank said on Wednesday it signed a memorandum of understanding with the People’s Bank of China to update their existing cooperation in central banking. The update of a 2008 agreement between the two central banks includes a framework for the regular exchange of information, dialogue and technical cooperation, the ECB …

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Japan’s shift to cashless society prods BOJ call for payment innovation

By Leika Kihara TOKYO (Reuters) -Bank of Japan officials are ramping up calls to keep pace with rapid developments around digital currencies that may accelerate a shift to cashless payments in a country better known for its belief that “cash is king.” Once seen as a society favouring physical currency, Japan saw the ratio of …

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Malaysia records approved investments of $21 billion in Q1

KUALA LUMPUR (Reuters) -Approved investments in Malaysia rose by 3.7% in the first quarter from a year earlier to 89.8 billion ringgit ($21.2 billion), the Malaysian Investment Development Authority said on Wednesday.  Foreign investments were 60.4 billion ringgit, or two-thirds of the total, and domestic investments accounted for 29.4 billion ringgit, the authority said in …

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China soy sauce maker Foshan Haitian aims to raise up to $1.2 billion in Hong Kong listing

By Scott Murdoch and Rishav Chatterjee (Reuters) -China’s top soy sauce maker Foshan Haitian Flavouring and Food Co is aiming to raise as much as HK$9.56 billion ($1.22 billion) in a Hong Kong listing, as a recovery in the city’s equity capital market marches on. The Shanghai-listed firm is selling 263.2 million shares in a …

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Qualcomm launches AI R&D centre in Vietnam

HANOI (Reuters) -U.S. chipmaker Qualcomm <QCOM.O> has launched an artificial intelligence research and development centre in Vietnam, the company said on Tuesday. Its researchers will focus on advancing generative and agentic AI solutions across smartphones, personal computers, XR (extended reality), automotive and IoT applications, it said in a statement. Qualcomm said the move is aligned …

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India’s Maruti Suzuki cuts near-term EV production amid rare earths crisis

NEW DELHI (Reuters) -Maruti Suzuki has cut near-term production targets for its maiden electric vehicle e-Vitara by two-thirds because of rare earths shortages, a document showed, in the latest sign of disruption to the auto industry from China’s export curbs.  India’s top carmaker, which said on Monday it had not seen any impact yet from …

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China’s Li says US-China reach framework on trade, will report back to leaders

LONDON (Reuters) -China’s Vice Commerce Minister Li Chenggang said on Tuesday that the Chinese and the U.S. negotiating teams had agreed a framework on trade after two days of talks, and would take that back to their leaders. “The two sides have, in principle, reached a framework for implementing the consensus reached by the two …

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