By Aditya Kalra, Aditi Shah and Abhijith Ganapavaram NEW DELHI (Reuters) -Air India is in talks with U.S. planemaker Boeing to acquire around 10 737 MAX jets after Chinese customers started rejecting deliveries amid a trade war with the United States, two people familiar with the discussions told Reuters. Boeing CEO Kelly Ortberg said on …
BANGKOK (Reuters) -Thai export growth could exceed targets this year but challenges loom as the government seeks to negotiate a tariff deal with the United States that would benefit both sides, its commerce minister said on Friday. “This year’s exports will still meet targets, or be slightly better,” Commerce Minister Pichai Naripthaphan told a business …
By Nick Carey, Victoria Waldersee and Qiaoyi Li SHANGHAI (Reuters) -Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world’s largest auto market. Unlike many other major markets, China treats EVs and hybrids as one “new energy vehicle” sector where brands are competing to give consumers …
Automakers rush to meet surging China demand for long-range hybrids Read More »
(Reuters) -South Korea’s Samsung Electronics will invest 10 billion rupees ($117.09 million) in its facility in southern India, a minister said on Friday, months after the plant faced worker protests following employee suspensions. The plant near Chennai has been in the spotlight in recent months after workers staged a sit-in over employee suspensions in February …
Samsung to invest $117 million in southern Indian facility, minister says Read More »
TOKYO (Reuters) -Japanese chip testing equipment maker Advantest forecast on Friday its operating profit to grow 6% next fiscal year, buoyed by demand for its testing tools for chips used in the artificial intelligence tasks. Advantest “does not recognise more than a minor direct impact” from tariffs but the business environment is increasingly uncertain, the …
Japan’s Advantest expects 6% annual profit growth as AI boosts testing Read More »
SEOUL (Reuters) -South Korea’s Samsung SDI on Friday said U.S. tariffs will increase the cost of producing its electric vehicle (EV) batteries in the United States, as many materials and components required for it are imported. “While the production of EV batteries takes place in the United States, there is no direct tariff impact. However, …
Samsung SDI says tariffs expected to raise production costs of US-made batteries Read More »
TOKYO (Reuters) -Nissan saw its shares rise almost 2% on Friday after it flagged a record loss due to a massive reduction in the value of its assets and hefty restructuring fees – costs that appeared aimed at clearing the decks for a badly needed turnaround. Japan’s third-largest automaker is fighting to win back market …
Nissan’s shares rise after restructuring loss heralds turnaround Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia is prioritising its national interests in its ongoing negotiations over U.S. tariffs, its senior economic minister and top negotiator said on Friday, as it wants a “fair and square” trade relationship with the United States. Airlangga Hartarto, the head of delegation, and finance minister Sri …
Indonesia wants ‘fair and square’ trade in US tariff talks Read More »
By Arsheeya Bajwa, Max A. Cherney and Stephen Nellis (Reuters) -One of Intel’s biggest missteps over the past decade was the failure to challenge Nvidia’s dominance in the fast-growing market for artificial intelligence chips. During his first earnings conference call with analysts as Intel’s new CEO, Lip-Bu Tan outlined how Intel hopes to change that, …
Analysis-After years of failed AI deals, Intel plans homegrown challenge to Nvidia Read More »
By Arsheeya Bajwa (Reuters) -A Sino-U.S. trade war that threatens Intel’s revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker’s older generation of personal computer and server chips, company executives said on Thursday. A worsening economic outlook and the prospect of higher prices brought on by U.S. …
Trade tensions are giving Intel’s older chips a second life Read More »
