Reuters Asia Business

By Victoria Waldersee FIGUERUELAS, Spain (Reuters) -China’s CATL will train up to 4,000 workers to operate what will be Spain’s biggest battery plant, executives said on Wednesday at a groundbreaking ceremony for the joint venture between the battery maker and Stellantis. The 4.1-billion-euro ($4.8 billion) project, China’s biggest investment in Spain and backed by 300 …

China battery maker CATL to train Spanish workers for battery plant Read More »

By Deborah Mary Sophia and Savyata Mishra (Reuters) -For Matt Hassett, founder of New York-based sleep wellness brand Loftie, the year-end holiday rush has always kept him on his toes. But this time, it has turned chaotic as import tariffs on China, from where Loftie sources its sunrise lamps and phone-free alarm clocks, disrupted supply …

Small U.S. retailers face holiday supply chaos due to Trump tariffs Read More »

(Reuters) -U.S. liquefied natural gas (LNG) exporter Venture Global has signed a 20-year deal to supply Japan’s top city gas provider, Tokyo Gas, with 1 million metric tons per annum (mtpa) of the super-chilled fuel, starting in 2030. The agreement marks Venture Global’s fourth long-term contract with a Japanese company, and the U.S. company said …

Venture Global, Tokyo Gas sign 20-year LNG supply deal Read More »

By Trevor Hunnicutt, Ben Blanchard and Yimou Lee WASHINGTON/TAIPEI (Reuters) -U.S. President Donald Trump’s administration is negotiating a deal that could commit Taiwan to fresh investment and training of U.S. workers in semiconductor manufacturing and other advanced industries, according to five people familiar with the matter. Under the arrangement, Taiwanese companies including TSMC, the world’s …

Exclusive-Trump team wants Taiwan to train US chip plant workers, sources say Read More »

By Eduardo Baptista BEIJING (Reuters) -China’s commerce ministry said on Wednesday that it agreed with the European Union to urge Nexperia’s Dutch and Chinese units to resolve their standoff, sidestepping the Dutch government. The decision by The Hague last week to suspend its September 30 seizure of the Chinese-owned, Netherlands-based chipmaker fell short of Beijing’s …

China pushes for mediation to resolve Nexperia dispute Read More »

By Hugo Lhomedet, Maria Rugamer and Helen Reid (Reuters) -Alibaba’s AliExpress said it has banned a China-based seller of childlike sex dolls from its marketplace after a Reuters examination of whether the sale of the products complied with European Union and U.S. laws. Reuters first alerted AliExpress to the listings on November 14, when the …

Exclusive-AliExpress bans Chinese sex doll seller after Reuters examination Read More »

SHANGHAI/HONG KONG (Reuters) -China Vanke will seek bondholder approval to delay the repayment of a 2 billion yuan ($282.6 million) onshore bond, a filing late on Wednesday showed, a move that could trigger a new wave of anxiety in both financial and property markets. A public bond extension would be the first for the state-backed …

China Vanke seeks first extension on onshore bond payment, bonds slump Read More »

BRUSSELS/PARIS (Reuters) -The European Commission ramped up pressure on China’s Shein on Wednesday, saying the online platform might pose a “systemic risk” for consumers and demanding more information from the company after illegal items were found for sale on its marketplace. Fast-fashion retailer Shein has been embroiled in scandal in France since the country’s consumer …

European Commission ramps up pressure on Shein, Paris hearing set for Dec. 5 Read More »