Reuters Asia Business

By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Energy Transfer said on Wednesday it received a letter from the U.S. government requiring a license to export ethane to China, adding that the U.S. export terminal operator will file for an emergency authorization to continue exporting. The move, which comes amid a broader trade fight between …

Energy Transfer says US government requiring licenses to export ethane to China Read More »

By Tim Hepher PARIS (Reuters) -The top supply chain executive at planemaker Airbus, procurement chief Juergen Westermeier, has been appointed to run the group’s operations in India and South Asia from September 1, according to an internal memo seen by Reuters. His successor is “subject to further notice,” the memo said. Airbus declined to comment …

Airbus procurement chief to move to India role, no successor named Read More »

(Reuters) – Apple and Alibaba’s rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the Financial Times reported on Wednesday, as the partnership becomes the latest to take a hit due to U.S. President Donald Trump’s trade war. The tech companies in February announced a deal to support iPhones’ AI …

Apple and Alibaba’s AI rollout in China delayed by Trump’s trade war, FT reports Read More »

By Victoria Waldersee and Christoph Steitz BERLIN/FRANKFURT (Reuters) -Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China’s restrictions on critical mineral exports deepen across the globe. China’s decision in April to suspend exports of a wide range …

China’s rare earth export curbs hit the auto industry worldwide Read More »

(Corrects headline and the percentage of daily U.S. Temu users lost in paragraph 1) By Casey Hall and Arriana McLymore SHANGHAI/NEW YORK (Reuters) -Daily U.S. users of PDD Holdings’ global discount e-commerce platform Temu fell by 48% in May compared to March, according to market intelligence firm Sensor Tower, one of many headwinds the e-retailer …

Retailer Temu’s daily US users nearly halve following end of ‘de minimis’ loophole Read More »

By Jan Lopatka PRAGUE (Reuters) -The Czech state-controlled company EDU II and South Korea’s KHNP signed final contracts to build two new nuclear power reactors on Wednesday, Prime Minister Petra Fiala said, after a court lifted an injunction barring the deal from closing. A Czech high court gave the green light on Wednesday to the $18 billion …

Czechs sign $18 billion nuclear power plant deal with KHNP after court injunction lifted Read More »

By David Dolan and Rocky Swift TOKYO (Reuters) -Investors gave a thumbs-down to Toyota Motor’s $33 billion take-private offer for Toyota Industries on Wednesday, highlighting concerns minority shareholders would be short-changed in a landmark restructuring for Japan Inc. Shares of Toyota Industries, a key Toyota Group company, fell 12% in Tokyo trade a day after …

Toyota Industries sinks after parent’s takeover bid misses expectations Read More »

By Julia Payne PARIS (Reuters) – The European Union on Wednesday announced 13 new raw material projects outside the bloc to increase its supplies of metals and minerals essential for it to stay competitive in the energy transition as well as defence and aerospace. The announcement follows China’s decision in April to impose export curbs …

EU picks 13 new critical material projects, including in Greenland Read More »