(Reuters) -China’s WuXi AppTec said on Tuesday its subsidiaries have signed a deal with U.S.-based private equity firm Altaris LLC for the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an undisclosed sum. The company, along with other Chinese firms, have been at the center of new U.S. laws aimed …
China’s WuXi to sell Advanced Therapies unit amid US restrictions Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s industry and land ministries on Tuesday selected two consortiums, one including energy major BP, as operators for two offshore wind blocks in a third major round of public auctions. The results of this round held under a law promoting wind power development, were closely watched by domestic and …
Japan selects two groups for third offshore wind power round Read More »
By Nora Eckert DETROIT (Reuters) – Toyota Motor of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit’s Ford Motor and General Motors, said they would give the same amount. Ford and GM are also contributing vehicles to the festivities, while …
Toyota is donating $1 million to Trump’s inauguration Read More »
By David Dolan TOKYO (Reuters) – Honda and Nissan expect big benefits from their potential merger to create the world’s third-largest auto group but intense competition from China raises questions about whether they can make it work in time. The Japanese automakers said on Monday they had agreed to begin formal talks on a merger. …
Analysis-Honda, Nissan tie-up requires something neither can spare: time Read More »
(Reuters) -Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp increase from this year’s …
KUALA LUMPUR (Reuters) -Amicorp Group has said it will dispute a claim for more than $1 billion filed by scandal-hit Malaysian fund 1MDB, denying allegations it knowingly facilitated more than $7 billion in fraudulent transactions related to the misappropriation of 1MDB funds. Corporate services provider Amicorp in a statement late on Monday said it would …
Amicorp Group to dispute $1 billion legal claim by Malaysia’s 1MDB for alleged fraud Read More »
SHANGHAI (Reuters) -China’s CATL, the world’s largest electric vehicle battery maker, on Tuesday launched a new EV chassis that it says can withstand a 120-kph (75-mph) frontal impact without catching fire or exploding, as it touts safety as a key selling point. The chassis has a battery capable of running for about 1,000 km (621.37 …
China’s CATL launches EV chassis, flagging safety as top selling point Read More »
By Panu Wongcha-um and Orathai Sriring BANGKOK (Reuters) – The selection of a Thai ruling party loyalist for an influential central bank role looked in doubt on Tuesday after media reports and a source said the state advisory council had deemed him unqualified for the position. The nomination of Kittiratt na Ranong by the government, …
Thai government candidate for key central bank role in doubt Read More »
By Mei Mei Chu BEIJING (Reuters) – China on Tuesday launched a decade-long plan to boost consumption of cereal grains and develop the industry through higher production standards, research and international cooperation as part of efforts to enhance food security. The 2024-2035 action plan, jointly issued by the National Food and Strategic Reserves Administration and …
China plans decade-long drive to boost cereal grain consumption Read More »
By James Pomfret and Engen Tham HONG KONG/SHANGHAI (Reuters) – China’s top legislative body stepped in on Monday to soften the terms of a controversial law meant to strengthen the hands of creditors by letting them target former shareholders in companies, after a wave of rare protests in 11 cities. The move by the legislative …
After protests, China reverses course on law that hurt shareholders Read More »
