Reuters Asia Business

(Reuters) -The European Union is aiming to hold a vote to introduce definitive tariffs on electric vehicles imported from China on Sept. 25, Bloomberg News reported on Friday, citing people familiar with the plan. The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on …

EU plans Sept 25 vote on raising tariffs on EVs from China, Bloomberg News reports Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada’s Alimentation Couche-Tard. Couche-Tard is discussing potentially raising …

Japan says Seven & i now ‘core’ to national security Read More »

(Reuters) – Sony Music is in advanced talks to buy the rights to music recorded by legendary English rock group Pink Floyd for about $500 million, the Financial Times reported on Friday. Pink Floyd has been riven by personal differences between band members, notably Roger Waters and David Gilmour, that has made reaching an agreement …

Sony in talks to buy Pink Floyd music rights for about $500 million, FT reports Read More »

By Aaditya GovindRao and Rajasik Mukherjee (Reuters) -Singapore’s Olam Agri [IPO-OLAA.SI] raised its stake in Australia’s Namoi Cotton, it said on Friday, hours after increasing its buyout offer for the cotton ginning firm to top Dutch commodities trader Louis Dreyfus Co’s (LDC) bid. However, LDC also raised its stake in Namoi, to above 21%, on …

Olam Agri raises bid for Australia’s Namoi Cotton, beating top investor LDC’s offer Read More »

By Yuka Obayashi TOKYO (Reuters) -Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese steelmaker said. The spokesperson did not provide details about the letter’s content, but …

Nippon Steel, US Steel send letter to Biden on merger plans Read More »

(Reuters) – British chip firm Arm Holdings said on Thursday that Young Sohn, a senior adviser at Samsung Electronics, will rejoin its board. Having previously served on Arm’s board, Sohn said that his history with the company has “provided unique perspective into how critical Arm technology is to the world that relies on it.” “The …

Samsung senior adviser Young Sohn to rejoin Arm’s board Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits. The House voted 217 to 192 to approve the bill, which has not been taken up by the Senate, to tighten the definition …

US House passes bill targeting China that would limit EV tax credits Read More »

By David Shepardson and Nora Eckert WASHINGTON/DETROIT (Reuters) -General Motors is in talks to buy electric vehicle batteries that would use technology from China’s CATL and be assembled at a new plant in the United States, a person briefed on the matter confirmed on Thursday. Crosstown rival Ford Motor already plans to license CATL technology …

GM in talks to buy EV batteries built with Chinese tech in US, source says Read More »