By Heekyong Yang SEOUL (Reuters) – Samsung Electronics made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple on the premium market. The S25 Edge launch is designed to appeal to increasing demand, especially from consumers in their 20s and …
Samsung launches slimmest smartphone in race against rival Apple Read More »
(Reuters) -China has issued export permits to at least four rare earth magnet producers including suppliers to Volkswagen, the German carmaker and industry sources said, the first granted since Beijing restricted shipments last month and a sign that the critical materials will continue to flow. Baotou Tianhe Magnetics, which makes the magnets used in electric and …
BEIJING (Reuters) -Chinese authorities held meetings with the country’s food delivery service providers including JD.com, Meituan and Alibaba’s Ele.me to discuss competition in the sector, the country’s market regulator said on Tuesday. The companies were asked to abide by laws and regulations, compete fairly and safeguard the legitimate rights and interests of consumers, business operators …
China asks food delivery giants to compete fairly Read More »
By Daniel Leussink TOKYO (Reuters) -Japan’s Honda Motor forecast a 59% profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump’s tariffs. Japan’s second-biggest automaker expects operating income to total 500 billion …
Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans Read More »
By Eduardo Baptista, Joe Cash and Liz Lee BEIJING (Reuters) -President Xi Jinping vowed on Tuesday to boost China’s footprint in Latin America and the Caribbean with a new $9 billion credit line and fresh infrastructure investment, although Brazil warned the region not to become overly reliant on foreign funding. The world’s second-largest economy will …
China offers Latin America and the Caribbean billions in bid to rival US influence Read More »
By Sophie Yu, David Kirton and Ellen Zhang BEIJING/SHENZHEN (Reuters) -When she heard the news that Washington had slashed punitive tariffs on China for at least 90 days, Deng Jinling, manager of a Chinese company that exports thermos flasks to the U.S., popped open a bottle of champagne with her husband. While Deng celebrated the …
Chinese exporters to US tread warily as tariff uncertainties linger Read More »
SINGAPORE (Reuters) -Saudi Arabia’s crude oil supply to China will hold steady in June after hitting the highest in more than a year in the previous month, trade sources said on Tuesday, following OPEC+ decision to increase output. State oil firm Saudi Aramco will ship about 48 million barrels to China in June, a tally …
Saudi oil supply to China set to stay at one-year high in June, sources say Read More »
(Reuters) -Asian equities are attracting foreign investments so far in May, marking a sharp reversal from outflows in the first four months of the year, as optimism over progress in trade talks has eased fears of U.S. tariffs fuelling a global economic slowdown. Foreign investors have purchased approximately $6.22 billion worth of equities across India, …
Foreign investors return to Asian equities in May, reversing prolonged outflows Read More »
By Jihoon Lee SEOUL (Reuters) -Asia-Pacific trade envoys will gather this week in South Korea for discussions on multilateral cooperation, with talks taking place at a time when countries are scrambling to respond to U.S. President Donald Trump’s sweeping tariffs. Trade representatives of 21 member economies of the Asia-Pacific Economic Cooperation grouping will attend two …
Asia Pacific trade envoys to discuss multilateral cooperation in tariff era Read More »
HANOI (Reuters) -Vietnam’s government is seeking to extend a 2 percentage point cut in its value-added tax rate until the end of next year to support economic growth, state media reported on Tuesday. Finance Minister Nguyen Van Thang on Tuesday submitted a plan to extend the tax cut, which was due to end on June …
