Industrial conglomerate 3M Co said on Friday it will exit its Neoplast and Neobun brands in Thailand and some other Southeast Asian countries, and sell manufacturing assets at its Ladlumkaew plant, as part of its strategic portfolio management. Read More
SHANGHAI — Customers of China’s BYD Co Ltd, the world’s biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion. Read More
SHANGHAI — China stocks bounced higher on Thursday, with major indexes set for their biggest monthly gain in nearly two years, supported by signs of economic recovery and the easing of COVID-19 restrictions, while Hong Kong was largely flat. ** By midday break, Shanghai Composite index rose 1.3% to 3,405.64 points, while blue-chip CSI300 index […]
VILNIUS/BRUSSELS — Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said, as European officials edge towards a compromise deal with the Baltic state to defuse a row with Moscow. Read More
LONDON — Global nuclear power capacity needs to double by mid-century to reach net-zero emissions targets and help ensure energy security as governments try to reduce their reliance on imported fossil fuels, the International Energy Agency (IEA) said on Thursday. Read More
BERLIN/SEOUL — German authorities have raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat devices onto the road, the Frankfurt state prosecutor’s office said on Tuesday. Read More
NEW DELHI — Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday. Read More
HONG KONG — Hong Kong’s financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city’s Securities and Futures Commission (SFC) said on Tuesday. Read More
LAUNCESTON — The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia’s invasion of Ukraine. Read More