Reuters Asia Business

By Aditya Kalra NEW DELHI (Reuters) -South Korea’s LG and Samsung have sued India’s government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major companies in contesting the country’s environmental rules citing business impact. The lawsuits, set to be heard on Tuesday with other challenges, mark an escalation …

LG, Samsung sue Indian government over electronic-waste pricing policy Read More »

By Neha Arora and Surbhi Misra NEW DELHI (Reuters) -India, the world’s second-biggest producer of crude steel, on Monday imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China. A flood of Chinese steel in recent years has pushed some …

India imposes temporary tariff on some steel to stem cheap imports from China Read More »

BEIJING (Reuters) -China’s automobile exports reached 1.54 million units in the first quarter of the year, up 16% compared with the same period a year earlier, an industry official said. The country exported 570,000 units in March, also 16% more than a year earlier, China Passenger Car Association secretary general Cui Dongshu said in a …

China’s Q1 automobile exports up 16% y/y, industry official says Read More »

By Chen Aizhu SINGAPORE (Reuters) -China National Offshore Oil Corporation has agreed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Corp (ADNOC), the third supply contract the Middle Eastern energy exporter signed with Chinese buyers over the weekend, according to two Chinese trading sources and a state media report.  Chinese …

China’s CNOOC agrees LNG deal with UAE’s Adnoc amid tariff war with US Read More »

By Trixie Yap, Siyi Liu and Shariq Khan SINGAPORE/NEW YORK (Reuters) -The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia. The shakeup is expected …

Sino-US trade war redrawing global LPG trading, outlook Read More »

By Gleb Bryanski MOSCOW (Reuters) -U.S. businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5 billion, a letter he sent to its board showed, as the company prepares to participate in a major expansion of Kazakhstan’s rare earths output. However, ERG said in a statement on Monday that there were …

Exclusive-US investor Cameron offers $5 billion for Kazakh mining giant, ERG says no sale talks Read More »

SHANGHAI (Reuters) -China’s CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars. CATL became the first major automotive battery maker to launch a sodium-ion battery in 2021. Unlike other battery materials, …

China’s CATL launches new sodium-ion battery brand Read More »

SHANGHAI (Reuters) -More than 70 Chinese and international automotive brands will showcase more than 100 new or refreshed models at the Shanghai auto show this week, intensifying already cutthroat competition in the world’s premier market for electric vehicles and hybrids. Top-selling Chinese brands such as BYD and Geely are expected to take centre stage at …

At China auto show, EV makers to grapple with autonomous-tech crackdown, launch Tesla ‘killers’ Read More »