BEIJING (Reuters) – The CEO of China’s Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on Thursday showed, a day after the EV maker said it would streamline operations to cope with fierce market competition. The Baidu Inc and Geely joint venture said on Wednesday …
Baidu, Geely’s EV venture faces uproar after it says needs fresh funds Read More »
BEIJING (Reuters) – Nvidia said recent social media posts alleging the company would cut supplies to China were false, according to a company post on Chinese social media. Nvidia said that China was an important market and it would continue to provide high-quality products and services to Chinese customers. (Reporting by Liz Lee and Beijing …
Nvidia denies rumours it will cut supplies to China Read More »
SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio will seek to improve efficiency and cost control as it seeks to spur sales growth that is two years behind schedule, its CEO said on Thursday. William Li told reporters at an event in Shanghai that it will also start production at its third factory in the …
China’s Nio, behind on growth targets, aims to tighten cost control Read More »
TOKYO (Reuters) – Blackstone said on Thursday that it will acquire a high-end office building in central Tokyo for $2.6 billion, a deal it says is the biggest real estate investment by a foreign investor in Japan. The firm will acquire the 36-storey Tokyo Garden Terrace Kioicho office and hotel complex from Japan’s Seibu Holdings …
Blackstone to acquire Tokyo office building from Seibu in $2.6 billion deal Read More »
BEIJING (Reuters) – China is open to engaging and communicating with the economic and trade team of the Trump administration, the commerce ministry said on Thursday. (Reporting by Joe Cash; Editing by Muralikumar Anantharaman)
(Fixes slug, no change to text) By Hyunjoo Jin, Lisa Barrington and Heekyong Yang SEOUL (Reuters) -From plastic surgery clinics to tour firms and hotel chains, South Korea’s hospitality sector is wary of the potential impact of a protracted political crisis, as some overseas travellers cancel trips following last week’s brief bout of martial law. …
South Korea’s tourism, soft power gains, at risk from extended political crisis Read More »
SINGAPORE (Reuters) – Indonesia’s state-owned energy major Pertamina is seeking at least 400,000 barrels of jet fuel for term delivery between January and March 2025 via its trading arm, two sources with knowledge of the matter said on Thursday. The company is looking to buy at least one 200,000-barrel cargo of the aviation fuel per …
Indonesia’s Pertamina seeks term jet fuel for early 2025 delivery, sources say Read More »
(Reuters) -Nvidia has added about 200 people in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new …
Nvidia steps up hiring in China to focus on AI-driven cars, Bloomberg News reports Read More »
BANGKOK (Reuters) – Thai consumer confidence rose for a second consecutive month in November, bolstered by government economic measures and tourism, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 56.9 in November from 56.0 the previous month, the university said. Consumers started to believe …
Thai consumer confidence rises in November on stimulus measures Read More »
BEIJING (Reuters) – China said on Thursday it would expand a private pension scheme nationwide from December 15, following a pilot effort, as it moves to plug a pension gap in plans to help a rapidly ageing population. Those covered by public pension insurance will be allowed to open private pension accounts and invest up …
China to expand private pension scheme nationwide from Dec 15 Read More »
