By Zaheer Kachwala (Reuters) -Vietnam’s VinFast reported a bigger third-quarter net loss on Friday as the electric vehicle maker spent heavily to expand its footprint and boost sales amid intense competition in Southeast Asia, the company’s largest market. Shares of the company were down 12%. VinFast signed two loan facilities during the quarter totaling $250 …
VinFast’s quarterly loss widens on hefty spending Read More »
(Reuters) -Leather goods maker China International Development Corp said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion). The company said it has signed an agreement with Lonten’s largest shareholder and chairman Xu Xichang, who owns a 24.81% stake and will engage with the remaining …
Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion Read More »
By Ju-min Park, Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Chinese cruise operators are scrambling to avoid Japanese ports as Beijing and Tokyo engage in a diplomatic dispute, which is expected to spur demand for tourism in South Korea, according to sources and cruise schedules reviewed by Reuters. Tour and port agents said tensions, sparked …
Chinese cruise ships look to steer clear of Japan amid diplomatic dispute Read More »
By Soren Jeppesen COPENHAGEN (Reuters) -Danish pig farmers’ profits are being squeezed by Chinese tariffs on Europe, Danish Crown said on Friday after reporting net profit down more than 21% at 788 million Danish crowns ($122 million) for its financial year to September 30. Denmark’s biggest meat producer and exporter said that gross profit had …
Meat producer Danish Crown’s profit slides, hit by Chinese pork duties Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi’s cabinet approved a 21.3 trillion yen ($135.40 billion) economic stimulus package on Friday, marking the first major policy initiative under the new leader, who has pledged to pursue expansionary fiscal measures. The package includes general account outlays of 17.7 trillion yen, far exceeding the previous …
Japan’s cabinet approves lavish stimulus as markets fret over Takaichi’s fiscal policy Read More »
TAIPEI/TOKYO (Reuters) -Taiwan has lifted all restrictions on food imports from Japan that were introduced after the Fukushima nuclear disaster in 2011, the Taiwanese and Japanese governments said on Friday. “Based on scientific data, Taiwan’s risk assessment of additional radiation exposure from Japanese food products indicates a negligible risk,” Taiwan’s health ministry said in a …
Taiwan lifts restrictions on food imports from Japan Read More »
By Giuseppe Fonte and Francesca Landini ROME (Reuters) -Italy is concerned that Chinese involvement in its energy infrastructure companies could hinder their expansion plans in Europe, two government sources said, as other countries balk at Beijing-linked deals for security reasons. Rome’s worries came into focus last week when Italian gas grid operator Snam scrapped plans …
Italy worried over Chinese stake in energy grids, officials say Read More »
SHANGHAI (Reuters) -Lithium prices in China fell sharply on Friday, short-circuiting a rally, after the main exchange stepped in to curb speculative trading and on a report that battery giant CATL could restart production at its flagship lithium mine. The most-active lithium carbonate contract on the Guangzhou Futures Exchange closed daytime trading down 9% at …
Lithium prices plunge in China after moves to curb speculative trading Read More »
By Scott Murdoch SYDNEY (Reuters) -Binance Chief Executive Richard Teng said on Friday bitcoin’s sharp drop in the past month was the result of investors deleveraging cryptocurrency holdings and risk aversion in line with that seen in most major asset classes. Bitcoin, the world’s most valuable cryptocurrency, has tumbled 21.2% in November, bringing losses over …
Binance CEO Teng says bitcoin volatility in line with most asset classes Read More »
(Correct to say ‘she’, not ‘he’, in paragraph 4) By Wen-Yee Lee TAIPEI (Reuters) -Foxconn said on Friday that a $1.4 billion supercomputing centre it is building with Nvidia will be ready by the first half of 2026, and when complete will be Taiwan’s largest advanced GPU cluster. The 27-megawatt data centre will be powered …
