BEIJING (Reuters) -China’s commerce ministry said on Thursday that China would defend the legitimate rights and interests of Chinese firms when it was asked about the European Union launching an investigation into China’s alleged dumping of tyres. China is “very concerned” by the EU’s move and urges the bloc to engage in dialogue and consultation …
China says it is concerned by EU probe into Chinese tyres Read More »
TOKYO (Reuters) -Japan’s Nippon Telegraph and Telephone will invest about 110 billion yen ($755.49 million) in SBI Holdings to acquire an 8.91% stake, as the two companies aim to integrate their digital technology and financial services. Under the deal, SBI said it will issue 27 million new shares to Japan’s largest telecommunications firm through a …
Japan’s NTT takes 8.91% stake in SBI Holdings under capital alliance deal Read More »
By Yoshifumi Takemoto and Makiko Yamazaki TOKYO (Reuters) -Japan is considering using the purchase of U.S. defence equipment as a bargaining chip in tariff talks, its top tariff negotiator Ryosei Akazawa said on Thursday as he heads for a fourth round of the negotiations in Washington. The defence equipment purchase would be among a package …
Japan eyes US defence gear purchase ahead of another round of tariff talks Read More »
By Selena Li and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Hong Kong and Saudi Arabia are considering allowing more cross-border financial products, authorities said on Thursday, as the two markets seek to deepen financial ties amid rising trade uncertainties. An exchange-traded fund tracking bonds issued by the Saudi government started trading in Hong Kong on Thursday, …
Hong Kong, Saudi Arabia may approve more cross-border financial products Read More »
SEOUL (Reuters) -South Korea’s record-high trade surpluses with the United States will gradually narrow as companies continue to invest in the U.S. market, the country’s biggest exporter group said on Thursday. “There is a high possibility of trade imbalances between South Korea and the United States gradually easing on continued and prolonged investments in the …
South Korea’s trade surplus with U.S. will shrink, exporters say Read More »
By Roshan Thomas (Reuters) – Investors piled up bullish bets on Asian currencies, including the yuan, as easing U.S.-China tariff tensions, new trade deals and a growing unease with U.S. policies prompted them to pull out of dollar assets, a Reuters poll showed on Thursday. Investors sought long positions across the board, with those in …
TOKYO (Reuters) -Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump’s import tariffs. The world’s biggest automaker’s global sales for April increased 10% year-on-year to 876,864 vehicles, with U.S. …
Toyota global output, sales rise for the fourth straight month in April Read More »
(Reuters) -China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 million), the company said in a statement on Thursday. The fund, the largest in China dedicated to investment across the hydrogen value chain, will target early-stage investments and …
Sinopec sets up $690 million hydrogen-energy-focused venture capital fund Read More »
SHANGHAI (Reuters) -A large dealer of Chinese electric vehicle maker BYD’s cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported. The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported …
Big BYD dealer in eastern China goes out of business, local media reports Read More »
TAIPEI (Reuters) -Taiwan’s Foxconn will soon announce a second Japanese auto partner, Chairman Young Liu said on Thursday, as the company best known as Apple’s main iPhone maker continues its diversification push. “There are two Japanese automakers; one has already been announced, and the other is almost ready to be,” Liu said at the company’s …
Foxconn to soon announce second Japanese auto partner, chairman says Read More »
