By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) – Japan’s budget demands hit a record for the next fiscal year, exceeding $800 billion, the finance ministry said on Wednesday, as the world’s No. 4 economy struggles to slow spending and as debt-servicing costs rise. A new leadership race could complicate Tokyo’s efforts to restore fiscal …
Japan’s budget demands hit record as leadership race steps up Read More »
TAIPEI (Reuters) – SK Hynix, the world’s second-largest memory chip maker, will start mass production of HBM3E 12-layer chips by the end of this month, a senior executive said on Wednesday. Justin Kim, president and head of the company’s AI Infra division, made the comment at the Semicon Taiwan industry forum in Taipei. In July, …
SK Hynix to start mass producing HBM3E 12-layer chips this month Read More »
By Lisa Barrington (Reuters) -Cathay Pacific Airways said it would return all Airbus A350s to operation by Saturday following engine fuel lines repairs, while other airlines were waiting for guidance from manufacturer Rolls-Royce on whether they needed to inspect their engines. Several Asian A350 operators have chosen to carry out their own precautionary inspections after …
Cathay Pacific A350 fleet to resume full service by Saturday after repairs Read More »
By Mei Mei Chu BEIJING (Reuters) -China said on Tuesday it planned to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canadian Farm Minister Lawrence MacAulay said the move was “deeply concerning”. In …
China hits Canada with anti-dumping probe on canola imports, Ottawa deeply concerned Read More »
MEXICO CITY (Reuters) -China’s electric automaker BYD said on Tuesday that it has not postponed “any decision” regarding its planned factory in Mexico, denying a report from earlier in the day. In a news story, Bloomberg reported that BYD had tapped the brakes on scouting locations for the plant and that the company would not …
Chinese electric carmaker BYD denies pause on Mexico plant plans Read More »
MADRID (Reuters) – Chinese electrolyser manufacturer Hygreen Energy said on Tuesday it and its partners would invest more than 2 billion euros ($2.21 billion) in green hydrogen projects in the southern Spanish region of Andalusia. The plans include a new plant to produce electrolysers – which use electricity to split water into hydrogen and oxygen …
By Lisa Barrington (Reuters) -Hong Kong’s Cathay Pacific Airways said on Tuesday it had inspected its entire Airbus A350 fleet after the in-flight failure of an engine part and found 15 aircraft with components that needed replacement. Cathay Pacific said three of the 48 Rolls-Royce-powered planes it had inspected had already gone through successful repairs …
Cathay Pacific inspections find 15 A350s need engine parts replaced Read More »
By Victoria Waldersee BERLIN (Reuters) -An electric vehicle made in China and designed in Spain by Volkswagen’s CUPRA brand would be “wiped out” if the European Commission followed through with planned import tariffs of 21.3% on the vehicle, the brand’s CEO told Reuters. Raising the price of the Tavascan, an all-electric SUV selling for around …
Exclusive-Volkswagen’s CUPRA ‘at risk’ from planned EU tariffs, says brand CEO Read More »
By Giulio Piovaccari MILAN (Reuters) – State-controlled oil company Saudi Aramco does not plan to increase its 10% stake in fuel-based engines joint venture Horse Powertrain while it continues to pursue more deals to expand its downstream presence, a senior executive told Reuters. Aramco in June agreed to buy a 10% stake in Horse Powertrain, …
TOKYO (Reuters) -U.S. buyout fund Bain Capital has made a counter-offer to buy Japanese software developer Fuji Soft for about 600 billion yen ($4.1 billion), or around 5% higher than private equity firm KKR’s bid, the Nikkei newspaper reported on Tuesday. Bain is believed to have proposed a price of around 9,200 to 9,300 yen …
Bain makes $4.1 billion counter-offer to KKR’s takeover bid for Fuji Soft, Nikkei says Read More »
