Reuters Asia Business

By Stanley Widianto and Johan Purnomo JAKARTA (Reuters) – Over 1,000 motorcycle taxi drivers staged a strike in several Indonesian cities on Thursday to protest against low pay, and called on the government to provide more protection against what they say are unfair practices by ride-sharing companies. Drivers wearing trademark green jackets gathered outside the …

Indonesian app-based taxi drivers strike in protest over low pay Read More »

SHANGHAI (Reuters) – China’s central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is preparing to intervene in the domestic debt market. The People’s Bank of China (PBOC) purchased 400 billion yuan ($56.3 billion) worth of 10-year and 15-year …

China’s central bank buys government bonds, stirs intervention talk Read More »

ZURICH (Reuters) – A second executive convicted in Switzerland for his involvement in a $1.8 billion fraud against Malaysian sovereign wealth fund 1MDB will appeal against the judgement, his lawyers said. Patrick Mahony, a Swiss-British national, was sentenced to six years by the Federal Criminal Court on Wednesday. The court found him guilty of fraud, …

Second exec to appeal against conviction in 1MDB fraud case Read More »

By Marie Mannes STOCKHOLM (Reuters) – Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday. Steep tariffs recently imposed by the U.S., the European Union and Canada on cars made in China …

EV tariffs could hurt European companies and industry, Polestar CFO says Read More »

LONDON (Reuters) – Beijing said on Thursday it would not impose provisional tariffs on brandy imported from the European Union despite finding it had been sold in China below market prices, giving both sides room to breathe in tense trade talks. The statement left open the possibility of future action after its commerce ministry said …

Instant view: China will not impose anti-dumping measures on EU brandy for now Read More »

SANTIAGO (Reuters) – Mining giant Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile’s Altoandinos salt flats, state-run mining company ENAMI said on Thursday. The salt flats in the northern region of Atacama are one of the areas where the Chilean …

Rio Tinto, BYD and LG Energy eligible for Chile’s Altoandinos lithium project Read More »

By Michael Martina WASHINGTON (Reuters) – The U.S. Defense Department, NASA and other government agencies funded research that led to more than 1,000 U.S. patents for China-based inventors since 2010, including in sensitive fields such as biotechnology and semiconductors, data from the U.S. patent agency showed. The U.S. patent data, which was reviewed by Reuters …

Exclusive-US government funding yielded hundreds of patents for China-based researchers Read More »

TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about $1.3 billion in U.S. Steel’s two mills as part of its pending acquisition of the U.S. company. The spending is on top of the $1.4 billion investment plan through 2026 already pledged as part of …

Nippon Steel to make additional investment in US Steel’s mills Read More »