SHANGHAI (Reuters) – Chinese vehicle brand Lynk & Co said at the Shanghai auto show on Wednesday that its upcoming 900 model has received over 40,000 pre-orders ahead of the official launch on April 28. (Reporting by Zhang Yan and Brenda Goh; Editing by Christian Schmollinger)
(Reuters) – JP Morgan sees gold prices crossing the $4,000 per ounce milestone next year, following increased recession probabilities amid boosted U.S. tariffs and an ongoing U.S.-China trade war, the bank said in a note on Tuesday. The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards …
JP Morgan see gold prices crossing $4,000/oz by Q2 2026 Read More »
LONDON (Reuters) – (This April 16 story has been corrected to say ‘strategic asset allocation,’ not ‘foreign equities,’ in paragraph 1, and adds to say that the changes apply to GPIF’s strategic asset allocation, not its passive funds, in paragraphs 3 and 5 ) Japan’s Government Pension Investment Fund (GPIF) has switched the benchmark it …
HANOI (Reuters) -Vietnam is seeking to speed up its negotiations for new free trade agreements while more effectively exploiting the 17 ones it has already signed, as its export-reliant economy is bracing for U.S. tariffs. Prime Minister Pham Minh Chinh, in a directive issued late on Tuesday, urged the trade ministry to conclude or start …
Vietnam seeks more free trade deals to drive growth as Trump tariff looms Read More »
SHANGHAI (Reuters) – The CEO of Chinese electric vehicle maker Xpeng said on Wednesday that the company was bringing 5C fast charging technology to the electric vehicle segment for cars priced at around 200,000 yuan ($27,375). It has offered smart assisted driving capabilities as “standard configuration” for its G6 and G9 SUVs, the CEO added. …
Xpeng says it is bringing 5C fast charging technology to EV segment Read More »
SHANGHAI (Reuters) -FAW’s Chairman Qiu Xiandong said on Wednesday at the Shanghai auto show that Hongqi targets 500,000 vehicle sales in 2025, with half of them new energy vehicles. (Reporting by Qiaoyi Li and Brenda Goh; Editing by Jacqueline Wong)
SEOUL (Reuters) -South Korean prosecutors said on Wednesday they were raiding the offices of Korea Zinc as part of an investigation into the company’s new share issue plan. Investigators were sent to the company’s headquarters on Wednesday morning to collect evidence, the Yonhap News Agency reported, with 11 places being raided including the residence and …
Prosecutors raid Korea Zinc’s office over probe into new share issue plan Read More »
TOKYO (Reuters) -Japan’s factory activity shrank for the tenth consecutive month in April as confidence among manufacturers dived to almost 5-year lows, dented by worries about U.S. President Donald Trump’s tariff policies, a private-sector survey showed on Wednesday. On the brighter side, the service sector activity returned to growth as customer demand improved further and …
Japan’s factory activity shrinks on tariff woes, services perk up, PMI shows Read More »
By Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China’s export restrictions of rare earth magnets. He said China wants assurances that its rare earth magnets are not used for military purposes, adding that the automaker is working with Beijing to …
WASHINGTON (Reuters) – President Donald Trump said on Tuesday that if China does not agree to a deal on trade, the U.S. will set the terms. Trump also told reporters he would be very nice in negotiations with Beijing and that tariffs on imports from the country would fall significantly following a deal, but not …
Trump says US will set terms if China does not do a trade deal Read More »
