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SHANGHAI (Reuters) -Great Wall Motor is looking for opportunities to use Brazil as a base for vehicle production and expand to nearby regions, the Chinese carmaker’s chairman said in Shanghai on Wednesday. The impact from U.S. tariffs on Chinese automakers “is there, but not big,” said chairman Wei Jianjun in an interview during the Shanghai …

China’s Great Wall Motor is seeking to produce vehicles in Brazil, chairman says Read More »

SHANGHAI (Reuters) -German carmaker Volkswagen will need to go through a ‘right-sizing’ process in China, its group CEO said on Wednesday, as competition intensifies in the world’s biggest auto market following a boom in electric vehicle sales in the past several years. “We have enormous capacity in China from the past. It will be a …

Volkswagen will go through ‘right-size’ process in China, CEO says Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell. Tycoon Li Ka-shing’s CK Hutchison announced last month it would sell its 80% holding in …

Exclusive-Singapore’s PSA weighs selling 20% stake in CK Hutchison’s ports business, sources say Read More »

SINGAPORE (Reuters) – Australia’s ANZ said on Wednesday that Chris Raciti has been appointed ANZ country head of Singapore, with regional oversight for ANZ’s businesses in eight markets across Southeast Asia, India and the Middle East. ANZ said in the statement that Raciti will start his role in June, subject to necessary regulatory and travel …

ANZ appoints Raciti country head of Singapore and head of SEA, India and Mideast Read More »

BEIJING/HONG KONG (Reuters) -Chinese authorities have asked e-commerce platform operators to stop insisting on merchants refunding customers without requiring the return of goods, to alleviate financial pressure on merchants, two people familiar with the matter said. The government met operators including PDD Holdings and concluded the practice must end by July, from which point only …

Chinese e-commerce platforms to end refund-without-returns amid weak economy, sources say Read More »

By Christine Chen and Roshan Thomas SYDNEY (Reuters) -Woodside Energy , Australia’s top gas producer, said on Wednesday it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches towards a final go-ahead. Woodside acquired the project, formerly called Driftwood, from Tellurian for …

Woodside weighs Trump tariff impact on $1.2 billion Louisiana LNG project Read More »