JAKARTA (Reuters) – Indonesia awarded five oil and gas blocks to companies, its energy ministry said on Wednesday, as it attempts to replenish its oil and gas reserves and improve its energy security. Over the coming years, the government plans to offer nearly 60 oil and gas blocks to try to reverse a decade-long decline …
Indonesia awards five oil and gas blocks as seeks energy security Read More »
SHANGHAI (Reuters) – Xiaomi does not plan to showcase its upcoming YU7 electric SUV at China’s largest auto show next week, deflating widespread anticipation among visitors keen to catch a glimpse of the would-be challenger to Tesla’s Model Y. Xiaomi’s Vice President Li Xiaoshuang said the company would only take its SU7 and SU7 Ultra …
Xiaomi will not bring new YU7 to China’s largest auto show, exec says Read More »
By Liangping Gao, Yukun Zhang and Ryan Woo BEIJING (Reuters) – China’s new home prices stabilised in March after a slight month-on-month dip in February, as government support measures struggled to counteract persistently weak demand in the debt-ridden property sector. Any signs of a price bottoming in the key sector, which accounted for roughly a …
China’s home prices halt decline in March, but pressures remain Read More »
TOKYO (Reuters) – Honda Motor will shift production of its U.S.-bound five-door Civic hybrid model from Japan to Indiana, a company spokesperson said on Wednesday. Production of the model in the Yorii factory, near Tokyo, is likely to end in June or July, the spokesperson said. (Reporting by Maki Shiraki; Writing by Mariko Katsumura; Editing …
Honda to shift production of US-bound 5-door Civic hybrid to Indiana from Japan Read More »
SEOUL (Reuters) -South Korea and Vietnam said on Wednesday they agreed to cooperate closely, after the announcement of U.S. tariffs that pose a major challenge for both economies and for companies like Samsung Electronics with big investments in Vietnam. Vietnam’s foreign ministry said the two countries are seeking to raise bilateral trade to $150 billion …
South Korea, Vietnam pledge cooperation as US tariffs loom Read More »
HONG KONG (Reuters) – The leader of Macau said the enclave risks slipping into a budget deficit if gambling revenues in the world’s biggest gambling hub drop below 15 billion patacas ($1.88 billion) a month after they fell short of government forecasts in the first quarter.Chief Executive Sam Hou Fai made the comments on Tuesday …
Macau’s leader warns world’s biggest gambling hub could face a budget deficit Read More »
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng said on Wednesday that it’s looking at more aspects of collaboration with Volkswagen such as joint procurement, charging and different car models. “For our collaboration with Volkswagen, it’s always been a strategic one. It’s not simply about agreement on tech. It is more in depth,” Xpeng’s …
China’s Xpeng eyes Volkswagen partnership on joint procurement and different models Read More »
BEIJING (Reuters) – Thermal power generation in China, fuelled mainly by coal, fell 2.3% in March and 4.7% in the first quarter as hydropower and other renewable generation increased, official data showed. China’s thermal power generation was 509.9 billion kilowatt-hours (kWh) in March and 1.53 trillion kWh in the first quarter, according to data from …
China Q1 thermal power generation falls nearly 5% on year Read More »
SHANGHAI (Reuters) -Tesla’s plans to ship components from China for Cybercab and Semi electric trucks in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, said a person with direct knowledge. The move could disrupt Tesla’s plan to start mass production of the much-anticipated models, which …
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng said on Wednesday that it had done a “thorough analysis” of its supply chain to ensure it would not be impacted by the current turmoil caused by U.S. President Donald Trump’s tariffs and tensions with China. Xpeng’s President Brian Gu told reporters in Hong Kong that …
China’s Xpeng says it reviewed supply chain to insulate it from tariff turmoil Read More »
