By Marie Mannes STOCKHOLM (Reuters) -Autoliv, the world’s biggest maker of airbags and seatbelts, has established a task force to tackle China’s restrictions on rare earth magnet exports, and does not foresee a halt to the group’s production in the coming weeks, its CEO said on Wednesday. Several European auto supplier plants and production lines …
Autoliv works to prevent disruptions from China rare earths Read More »
JAKARTA (Reuters) -Indonesia is weighing buying China’s J-10 fighter jets, given their relatively cheaper price and advanced capability, as it also considers finalising a purchase of U.S.-made F-15EX jets, a senior official said on Wednesday. Southeast Asia’s most populous country has in recent years embarked on efforts to modernise its ageing military hardware. In 2022 …
Indonesia weighing purchase of China’s J-10 fighter jets Read More »
BRUSSELS (Reuters) – The diversification of supply of raw materials is important to stay independent in the future, EU Commissioner for Industrial Strategy Stephane Sejourne said on Wednesday, adding that the EU should reduce its dependency on China regarding rare earth magnets. “We must reduce our dependencies on all countries, particularly on a number of …
EU must reduce its rare earth reliance on China, says EU’s Sejourne Read More »
BANGKOK (Reuters) -Thailand has received seven applications for the role of the next central bank governor, Finance Ministry official Pornchai Thiraveja said on Wednesday. The application window for the post has now closed. (Reporting by Kitiphong Thaichareon and Chayut Setboonsarng; Editing by Martin Petty)
By Tim Hepher, Angela Christy M and Ananya Palyekar (Reuters) -Shares in Europe’s AirbusPA> rose on Wednesday as evidence of talks to sell hundreds of planes to China gathered pace ahead of a summit of European and Chinese leaders in July. Talks involving a potential a mega-deal with China have been in the works for …
Airbus shares rise as it edges closer to major Chinese jet order Read More »
BEIJING (Reuters) -Chinese electric vehicle battery giant CATL said on Wednesday that it would partner with a unit of Danish shipping firm Maersk, APM Terminals, on the development and after-sales support of advanced battery products. The tie-up that also covers battery recycling is an extension of a strategic deal entered on Wednesday. Under the deal, …
China’s CATL to partner with Maersk unit to develop advanced battery products Read More »
SINGAPORE (Reuters) – PetroChina is set to close the last remaining crude unit at its biggest north China refinery at the end of this month, broadly in line with an earlier plan that marks the country’s first full closure of a state-run plant, four industry sources said. PetroChina will switch off the 200,000-barrels-per-day No.1 crude …
PetroChina to close last unit of biggest north China refinery end-June, sources say Read More »
By Colleen Howe BEIJING (Reuters) -Global manufacturers have raised the alarm on China’s decision to curb exports of rare earths alloys, mixtures and magnets. Here is an overview of rare earths and China’s measures: WHAT ARE THEY? Rare earths are a group of 17 silvery-white elements. One of their most important uses is in making …
Factbox-What to know about China’s rare earth export controls Read More »
BANGKOK (Reuters) -Thai lawmakers will begin deliberating a draft law for casinos and entertainment complexes next month, a deputy finance minister said on Wednesday, as the government moves ahead with a plan to develop the gambling sector and draw in more tourists. Gambling is mostly banned in Thailand, apart from the lottery, state-controlled horse racing …
Thai parliament to deliberate casino bill in July, minister says Read More »
BEIJING (Reuters) -A decline in Tesla’s China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker’s sales woes were compounded by brutal price wars in the world’s largest auto market. Deliveries of China-made Model 3 and Model Y vehicles, including both domestic sales and exports to Europe and other markets, …
