HONG KONG (Reuters) – China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, said Chilean economic development agency CORFO. The South American country’s government has named BYD Chile a qualified lithium producer, CORFO said, giving it access to preferential…
TOKYO (Reuters) – The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Kyodo news agency reported on Friday, citing Japanese government sources. Bloomberg news on Thursday also reported that the United States and Ukraine’s allies were considering “an outright ban on most exports to Russia”. That report said officials…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Japan’s consumer inflation held steady above the central bank’s target in March and an index excluding fuel costs rose at the fastest annual pace in four decades, data showed, indicating broadening price pressure in the world’s third-largest economy. The data may keep alive market expectations that the…
By Byron Kaye SYDNEY (Reuters) – Fox Corp CEO Lachlan Murdoch dropped a defamation lawsuit against an Australian news site over an opinion piece he said accused him of complicity in the Jan. 6 attack on the U.S. Capitol, saying the defendant was trying to generate publicity. Murdoch’s lawyer in Australia said his client was…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – U.N. Secretary-General Antonio Guterres appealed to Sudan’s warring factions to observe a ceasefire over the Muslim Eid al-Fitr holiday to allow civilians to reach safe areas as rival forces battled for a sixth day on Thursday. Thousands of civilians streamed out of the capital Khartoum as…
TOKYO (Reuters) – Japan’s manufacturing activity shrank at the slowest pace in six months in April on a softer decline in sales, while the service-sector stayed solid, a preliminary survey showed on Friday, suggesting a patchy post-COVID economic recovery. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. seeks “constructive and fair” economic ties with China, but will protect its national security interests and push back against Chinese actions to dominate foreign competitors, Treasury Secretary Janet Yellen said on Thursday. Speaking at Johns Hopkins University’s School of Advanced International Studies, Yellen laid out…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is warming to the idea of tweaking its controversial bond yield control policy later this year, but will likely keep settings unchanged at next week’s meeting as it awaits more evidence of sustained wage growth, sources say. Kazuo Ueda chairs his first policy meeting since becoming…
By Siddharth Cavale NEW YORK (Reuters) – Walmart Inc shareholders will be asked to vote on a number of new proposals including revealing its exposure to China and conducting an independent review of its safety practices related to gun violence at its annual general meeting next month, a securities filing on Thursday showed. Investors will…
By Jonathan Stempel NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud will remain in jail after a federal judge in Manhattan on Thursday rejected a proposed $25 million bail package. U.S. District Judge Analisa Torres said prosecutors had shown it more likely than…
