By Rocky Swift and Kevin Buckland TOKYO (Reuters) – U.S. fund Artisan Partners Asset Management ramped up pressure on Japan’s Seven and i holdings, calling on the board to provide an update on a takeover bid from Canada’s Alimentation Couche-Tard (ACT) by Sept. 19. In a letter dated Friday and sent to journalists, Artisan portfolio …
Artisan urges Seven&i for takeover bid update by Sept 19 Read More »
By Joe Cash BEIJING (Reuters) -China’s manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, pressuring policymakers to press on with plans to direct more stimulus to households. The National Bureau of Statistics purchasing managers’ index slipped to 49.1 …
China’s weak factory PMI raises pressure for consumer stimulus Read More »
(Reuters) – Solar panel maker Maxeon said on Friday it plans to object to a bankruptcy court sale of SunPower’s assets because it says it owns the right to use the company’s brand name outside of the United States. WHY IT MATTERS SunPower, a pioneer in the residential solar market that filed for Chapter 11 …
Maxeon says will seek to block SunPower asset sale Read More »
By Shariq Khan NEW YORK (Reuters) – Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told Reuters. Sinochem in recent weeks hired investment bankers at Barclays to advise …
Exclusive-China’s Sinochem plans to exit US shale JV with Exxon, sources say Read More »
(Reuters) – Mazda on Friday named Tatsuro Omura as the chief financial officer of its North American operations. Omura previously served as the automaker’s general manager for business structure strategy department in Japan. (Reporting by Nathan Gomes in Bengaluru; Editing by Shreya Biswas)
HONG KONG (Reuters) – China’s market regulator said on Friday that Tesla Motors Beijing will recall 870 imported Model X vehicles from Oct. 8 due to a need to check the adhesive used to attach the roof of the vehicles which may pose a safety hazard. (Reporting by Farah Master and the Beijing newsroom; Editing …
Tesla Beijing to recall 870 imported model X EVs, China regulator says Read More »
By David Lawder WASHINGTON (Reuters) -The Biden administration on Friday again delayed an announcement of its final determinations for steep U.S. tariff hikes on Chinese-made electric vehicles, batteries, semiconductors and solar cells, saying it will make a decision public in the coming days. A spokesman for the U.S. Trade Representative’s Office said the agency “continues …
USTR delays final determination on China tariffs, announcement due in coming days Read More »
THE HAGUE (Reuters) – The Dutch government will take the economic interests of ASML into account when deciding on further tightening the rules governing the export of ASML computer chip making equipment to China, Dutch Prime Minister Dick Schoof said on Friday. “We are in talks, good talks and we are also watching out very …
Netherlands to weigh ASML’s interests in China export restriction decision, PM says Read More »
BEIJING (Reuters) -China’s leading state-owned airlines posted losses in the first half of the year, weighed down by a slower-than-expected rebound in international travel, domestic oversupply, and more intense competition as aviation capacity returns globally. China’s top three airlines – Air China, China Southern Airlines and China Eastern Airlines – last reported annual net profits …
China’s top airlines post losses amid slow international travel Read More »
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) -Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap steel imports from China, the world’s biggest steel producer, to protect the Japanese market, Nippon Steel Vice Chairman Takahiro Mori said in an interview. As Nippon Steel tries to close its acquisition …
Nippon Steel, peers urge Tokyo to curb steel imports from China, executive says Read More »
