By Colleen Howe BEIJING (Reuters) -Thermal power generation in China, fuelled mainly by coal, fell 2.3% in April and 4.1% from January to April amid slower overall power output growth, official data showed on Monday, in line with expectations that China’s fossil-fuelled electricity could dip in 2025 for the first time in a decade. Total …
China’s fossil-fuelled power generation extends decline in April Read More »
(Reuters) – J.P.Morgan upgraded its rating on emerging market equities to “overweight” from “neutral” on Monday, citing easing U.S.-China trade tensions and a softer dollar. Last week, the U.S. and China agreed to a 90-day tariff reduction, with the U.S. cutting duties on Chinese goods to 30% from 145% and China lowering tariffs on U.S. …
JPMorgan upgrades emerging market equities as Sino-US trade war eases Read More »
(Reuters) -Bourse operator Hong Kong Exchanges and Clearing Ltd on Monday said it has appointed Hui Leung Wah, Herbert as group chief financial officer, succeeding Vanessa Lau Bik Yun. Hui brings over 35 years of financial management and corporate finance experience to HKEX and has most recently been a director and group financial controller at …
(Reuters) – French defence group Thales, connector maker Radiall and Taiwan’s FoxConn have begun preliminary talks to establish a semiconductor assembly and test facility in France, they said on Monday. The proposed plant would focus on outsourced semiconductor assembly and test (OSAT) operations, with production capacity expected to exceed 100 million system-in-package (SiP) units annually …
Thales, Radiall, FoxConn explore semiconductor assembly plant in France Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) – China’s Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products, such as a mobile chip developed by the company, it said. Analysts have touted the YU7 as a challenger to Tesla’s best-selling Model Y in China, the world’s …
Xiaomi to launch ‘Tesla-challenging’ YU7 on Thursday Read More »
BEIJING (Reuters) – China on Monday called on the United States to take responsible policy measures to maintain the stability of the international financial and economic system and safeguard the interests of investors. A Chinese foreign ministry spokesperson made the comments at a daily press briefing when asked about Moody’s downgrade of the U.S. sovereign …
By Mohi Narayan NEW DELHI (Reuters) -Several petrochemical producers in Asia plan to reconfigure their crackers to process more ethane to reduce costs and capitalise on rising U.S. supplies as they face thin margins and global oversupply, company executives said. These include South Korea’s largest cracker operator YNCC and SP Chemicals in China. In Japan, …
Asian petrochemical producers chase ethane gains as margins dwindle Read More »
By Stephen Nellis and Max A. Cherney SAN FRANCISCO/TAIPEI (Reuters) -Nvidia announced a new software platform on Monday that will create a marketplace for cloud-based artificial intelligence chips. Nvidia’s graphics processors, or GPUs, dominate the market for training AI models and a raft of new cloud players called “neoclouds” such as CoreWeave and Nebius Group …
Nvidia software aims to create marketplace for AI computing power Read More »
(Reuters) -Global investment banks are raising their forecasts for China’s economic growth this year, after Beijing and Washington agreed to a 90-day pause on tariffs, despite uncertainty around Sino-U.S. trade negotiations. The deal reached between the U.S. and China after bilateral talks in Geneva last weekend surpassed market expectations, as both sides agreed to significantly …
Investment banks raise China’s GDP forecast after tariff pause Read More »
SEOUL (Reuters) -Shares of Kumho Tire, South Korea’s No.2 tire maker, slumped 8% on Monday after a massive fire suspended operations at its factory in Gwangju on Saturday, threatening to disrupt supplies to global automakers. Fire authorities had extinguished 90% to 95% of the fire, but the blaze destroyed a majority of the western part …
Kumho Tire shares skid after weekend fire disrupts production Read More »
