BEIJING (Reuters) -The northern Chinese city of Tianjin announced on Thursday that it would issue additional 80,000 car licence quotas annually. The new policy, effective from June 1 through the end of 2029, would bring the municipality’s annual car licence quota to 180,000. Tianjin is one of a few cities in China where curbs are …
China’s Tianjin to issue additional 80,000 car licence quotas annually Read More »
PARIS (Reuters) -French consumers will pay more for their purchases from low-cost online platform Shein if a European Union proposal for a handling fee moves ahead and a French bill placing penalties on fast-fashion products is approved, the company said on Thursday. The remarks from Quentin Ruffat, a Shein spokesperson in France, in an interview …
Shein says EU fees, French penalties would increase prices in France Read More »
BEIJING (Reuters) -China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, Chief Risk Officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation …
China plans regulation to aid tech firms listing overseas, official says Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) -China’s Lenovo, the world’s largest personal computer manufacturer, said fourth-quarter profit plunged 64% – a result that was far worse than expected and one that sent its shares sharply lower. The profit slide was mostly due to a fair value loss on warrants but the company was …
China’s Lenovo posts quarterly profit far short of estimates, shares slide Read More »
By Alexandra Alper (Reuters) – A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel’s fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said, without providing further detail on its contents. The submission complies with an executive order signed by Trump last …
US panel submits view on Nippon Steel-US Steel deal to Trump, source says Read More »
HONG KONG (Reuters) -CK Hutchison confirmed on Thursday that Italian billionaire Gianluigi Aponte’s family-run MSC Mediterranean Shipping Company is the main investor in a group seeking to buy 43 ports from the Hong Kong conglomerate. Hutchison co-managing director Dominic Lai was speaking at the company’s annual general meeting following weeks of scrutiny and criticism in …
CK Hutchison confirms Aponte’s MSC is main investor in ports deal Read More »
By Bernadette Christina TANGERANG, Indonesia (Reuters) – (This May 21 story has been corrected from the source to show that Pertamina has been issuing tenders to buy Russian crude, not importing Russian crude, in paragraph 1; also corrects the name of the company to ‘Kilang Pertamina Internasional’ from ‘Kilang Pertamina International’ in paragraph 2) Indonesia’s …
Indonesia’s Pertamina has been open to importing Russian crude since last year Read More »
By Padraic Halpin and Tim Hepher DUBLIN (Reuters) -Boeing and Airbus have made progress in boosting aircraft manufacturing, but there is “a way to go” to get a stable, predictable production cycle, the head of aircraft leasing giant SMBC Aviation Capital said on Thursday. The world’s third-largest aircraft lessor, which has over 250 planes on …
Lessor SMBC says Boeing and Airbus output has made some progress Read More »
SEOUL (Reuters) – South Korea will prepare support measures for agricultural and food exporters, while closely monitoring the impact of U.S. tariffs on the sector, the finance ministry said on Thursday. The United States is the biggest export market for the sector, with more growth potential expected from a boom in demand for South Korean …
South Korea to prepare support for food exporters to weather US tariffs Read More »
HANOI (Reuters) -Vietnam’s state power utility has cut previously agreed subsidised prices it pays for electricity from some solar and wind farms which now risk defaulting on their debts with banks, according to an investors’ petition seen by Reuters. The document, dated May 16 and sent to Vietnam’s top authorities, follows a first letter in …
Vietnam retroactively cuts subsidies for some solar, wind farms, investors’ letter says Read More »
