Tag: ASIA
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Sumitomo Metal to invest in Canada’s Nano One to collaborate on battery material
TOKYO, Sept 25 (Reuters) – Japan’s Sumitomo Metal Mining (5713.T) said on Monday it will invest 16.9 million Canadian dollars ($12.5 million) in Canada’s battery material company Nano One Materials (NANO.TO) to collaborate on manufacturing technology for the material. The move comes after Japan and Canada agreed to work more closely together to establishing sustainable ... -
Coherent in talks with Japanese firms for silicon carbide investment-source
NEW YORK, Sept 22 (Reuters) – Coherent Corp (COHR.N), a major U.S. supplier of materials used to make chips for the automotive industry, has attracted interest from four Japanese conglomerates for an investment in its silicon carbide business at a valuation of as much as $5 billion, according to a person familiar with the matter. ... -
Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China is allowing foreigners in Shanghai and Beijing to move their money freely into and out of the country, in a significant move toward ... -
Thailand’s new prime minister courts US companies for investment
Thailand’s Prime Minister Srettha Thavisin speaks during a press conference after a weekly cabinet meeting at the government house in Bangkok, Thailand, September 13, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing Rights BANGKOK, Sept 22 (Reuters) – Thailand’s new Prime Minister Srettha Thavisin met with U.S. companies including Microsoft (MSFT.O), Google (GOOGL.O), and Estee Lauder (EL.N) ... -
TotalEnergies to invest $300 million in JV with Adani Green Energy
[1/2]The logo of French oil and gas company TotalEnergies is seen at the company’s headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing Rights BENGALURU, Sept 20 (Reuters) – French oil major TotalEnergies (TTEF.PA) will invest $300 million to form a joint ... -
US lawmaker to urge chip industry group to reduce China investments -source
[1/2]Republican U.S. Rep. Mike Gallagher (R-WI) speaks to reporters after a Republican caucus meeting at the U.S. Capitol in Washington, U.S., January 3, 2023. REUTERS/Nathan Howard/File Photo Acquire Licensing Rights Sept 19 (Reuters) – The chair of the U.S. House of Representatives’ committee on China is planning to meet with a semiconductor industry group to ... -
Sunac, Country Garden debt deals bring respite for China’s property sector
[1/2]People on a property tour visit a show flat of a real estate property developed by Sunac China Holdings in Xishuangbanna Dai Autonomous Prefecture, Yunnan Province, China, June 22, 2019. Picture taken June 22, 2019. REUTERS/Lusha Zhang/File Photo Acquire Licensing Rights HONG KONG, Sept 19 (Reuters) – Chinese developers Sunac (1918.HK) and Country Garden (2007.HK) ... -
Vietnam PM courts U.S. companies, seeks investment in chip sector
[1/2]Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights HANOI, Sept 19 (Reuters) – Vietnam’s Prime Pham Minh Chinh has visited the headquarters of Nvidia (NVDA.O) and Synopsys (SNPS.O), encouraging them and other U.S. tech firms to invest further in the ... -
India’s Tata Motors to hike commercial vehicle prices for third time in 2023
Tata Motors logos are pictured outside their flagship showroom in Mumbai May 28, 2013. REUTERS/Vivek Prakash/File Photo Acquire Licensing Rights Sept 18 (Reuters) – Indian automaker Tata Motors (TAMO.NS) said on Monday it will raise the prices of its commercial vehicles by up to 3%, its third hike this calendar year to offset the residual ... -
China’s property price caps have two sharp edges
Zhao Youming, 60, looks at an unfinished residential building where he bought an apartment, at the Gaotie Wellness City complex in Tongchuan, Shaanxi province, China September 12, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing Rights HONG KONG, Sept 18 (Reuters Breakingviews) – Chinese developers are in trouble. Many are struggling to stay afloat as both financing ...
