FRANKFURT (Reuters) -Weak domestic demand rather than U.S. tariffs is the main reason China is dumping surplus product on European markets at rock-bottom prices at the expense of domestic producers, a European Central Bank study argued on Tuesday. Pressure has been growing on the European Union to act on surging imports from China as U.S. …
Chinese goods dumping started before tariffs, ECB study finds Read More »
SEOUL (Reuters) -Most board members of South Korea’s central bank expressed caution about further policy easing as they kept interest rates unchanged at their last meeting on October 23, minutes of the meeting showed on Tuesday. The Bank of Korea voted 6-1 to keep its benchmark interest rate unchanged at 2.50% last month amid worries …
Bank of Korea board members cautious about rate cuts, minutes show Read More »
HONG KONG (Reuters) -China will continue to promote the expansion of market access, particularly in the service sector, which will bring new investment opportunities to companies including those from the United States, senior Chinese trade negotiator Li Chenggang said, according to a statement from the Ministry of Commerce on Tuesday. (Reporting by Farah Master and …
China to provide new investment opportunities to US companies Read More »
JAKARTA (Reuters) -Airline Garuda Indonesia will receive a $1.4 billion capital injection from the asset management unit of sovereign wealth fund Danantara Indonesia, the company said on Tuesday, a reduction of about $400 million from what it disclosed previously. Last month, Indonesia’s flag carrier disclosed that the Danantara unit would provide an injection of about …
Garuda Indonesia equity injection cut by about $400 million, company says Read More »
SINGAPORE (Reuters) -China’s Luoyang Petrochemical, a subsidiary refinery of state refining giant Sinopec, has closed its two crude oil units for maintenance until the end of November, three sources familiar with the matter said. Both crude units, which have a total processing capacity of 200,000 barrels a day, were shut around the end of October, …
Sinopec Luoyang Petrochemical shuts crude units for maintenance, sources say Read More »
(Corrects name of Xiaomi model to YU7 SUV, not YU SUV, in paragraph 7) BEIJING (Reuters) -Tesla’s sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive market. Sales fell 35.8% from a year earlier, down from September’s …
Tesla’s China sales fall to 3-year low amid tepid demand Read More »
(Reuters) -China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, citing people familiar with the matter. Reuters could not immediately verify …
China devises plan to keep US military from getting its rare-earth magnets, WSJ reports Read More »
(Reuters) -Standard Chartered said on Tuesday it has appointed Jim Wang as the chief executive officer of its China Securities unit. Wang will be replacing Grace Geng, the unit’s first head, who left the firm earlier in July after a 16-month stint, according to two sources with knowledge of the matter. Wang brings over two …
StanChart appoints Jim Wang as CEO of China securities unit Read More »
By Jun Yuan Yong SINGAPORE (Reuters) -Private funding for Southeast Asia’s internet economy grew 15% from a year earlier to $7.7 billion in the 12 months to June 2025, lagging the global growth rate of 25% for private equity and venture capital investments, an industry report said on Tuesday. The annual report, by Alphabet’s Google, …
Private funding in Southeast Asia digital economy lags global level, report says Read More »
SHANGHAI (Reuters) -Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world’s biggest shopping event happens in China each year – and is called Singles’ Day. Originally a holiday to celebrate being single, as a counter to Valentine’s Day, the event has grown into a weeks-long online shopping festival that this year began …
Explainer-What is China’s Singles’ Day and how is it celebrated? Read More »
