By Ana Mano SAO PAULO (Reuters) – Beef and chicken exports from Brazil, the world’s largest supplier of both meat types, may break new records in 2025, two industry groups said on Tuesday after the release of annual trade data. Their optimism reflects the positive effects of lower grain prices and a weak Brazilian currency, …
China, lower grain prices bolster Brazil beef and chicken export prospects Read More »
(Reuters) – Chinese wireless chips maker Quectel Wireless Solutions will challenge its inclusion in a U.S. list of companies allegedly aiding Beijing’s military, the company said on Tuesday. The U.S. Defense Department on Monday added Quectel, WeChat parent Tencent Holdings and battery maker CATL, among others, to a list of companies it says work with …
China’s Quectel to contest US allegations of ties to Beijing’s military Read More »
MILAN (Reuters) -Automakers facing tougher European Union 2025 emissions rules are planning to buy carbon credits from electric vehicle companies including Tesla and Polestar to avoid hefty fines, an EU filing showed on Tuesday. Companies with lower EV sales can “pool” their emissions with segment leaders, purchasing emissions credits from other manufacturers to lower their …
Automakers to pool CO2 emissions with Tesla, Polestar to meet EU 2025 rules Read More »
(Reuters) – China’s Ping An Healthcare said on Tuesday its parent Ping An Insurance has made an offer to buy the remaining stake in the healthcare firm it does not already own, valuing it at HK$13.23 billion ($1.70 billion). Ping An Healthcare will continue to remain listed on the stock exchange as the Chinese insurance …
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, with the latest moves making the annual 2024 easing effort the biggest in 15 years as policymakers brace for unsteady times. Among central banks overseeing the 10 most …
December central bank rate cuts take 2024 easing push to historic level Read More »
SEOUL (Reuters) – South Korea’s financial regulator has asked prosecutors to conduct an investigation into Korea Zinc over allegations that its now scrapped plan to issue new shares involved unfair practices, Korea Economic Daily said on Tuesday. In November, the chairman of Korea Zinc’s board Yun B. Choi dropped a plan to issue new shares …
Regulator requests probe into Korea Zinc, Korea Economic Daily reports Read More »
By Bing Hong Lok SINGAPORE (Reuters) – Singapore passed a new law on Tuesday allowing police to freeze bank accounts of scam victims as a “last resort” measure to prevent further losses. The law empowers police to issue restriction orders to banks if they assess that it is necessary to protect a victim who is …
Singapore empowers police to freeze bank accounts in scam crackdown Read More »
JAKARTA (Reuters) – Indonesia’s industry minister met representatives of Apple on Tuesday to discuss the company’s potential investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 locally, the minister said. Indonesia last year banned sales of the iPhone 16 after it failed to meet requirements that smartphones sold …
Indonesia, Apple discuss investment proposal linked to iPhone sale ban Read More »
(Reuters) – Chinese automaker Chery on Tuesday reported a 38.4% jump in global car sales for 2024 to 2.6 million vehicles and forecast sales of more than 3 million this year. State-owned, Wuhu-based Chery said its revenue rose more than 45% to 480 billion yuan ($65.52 billion) as it remained China’s top car exporter, shipping …
China’s Chery reports 38.4% jump in 2024 sales to 2.6 million vehicles Read More »
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Overseas investors turned net sellers of Asian equities in 2024, primarily due to a surge in selling in the last quarter amid concerns that U.S. President-elect Donald Trump’s trade policies might hit Asian economies. They sold a net $15.8 billion worth of equities in Taiwan, South Korea, …
Trump win triggered 2024 exit by overseas investors from Asian equities Read More »
