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Trade asian news

CK Tan - Nikkei staff writer - China EV exports fell 13.2% in June amid rising trade tensions - asia.nikkei.com - China - city Tokyo

China EV exports fell 13.2% in June amid rising trade tensions

TOKYO -- China's electric vehicle exports declined 13.2% from the previous month in June to 86,000 vehicles, new data showed on Wednesday, signaling growing resistance to the cars as Europe raises trade barriers.

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SHIZUKA TANABE - Nikkei staff writer - China EV makers Neta, Xpeng turn to Africa amid European backlash - asia.nikkei.com - China - Kenya - city Guangzhou

China EV makers Neta, Xpeng turn to Africa amid European backlash

GUANGZHOU -- Chinese electric-vehicle manufacturers Neta Auto and Xpeng Motors are ramping up their push into Africa, shifting their overseas strategies amid trade frictions with Europe.

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Katie Bartlett - Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment - cnbc.com

Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment

Corning shares are up more than 12% Monday after the company raised its second-quarter guidance, setting it on track for its best trading day since March 2020.

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Ryan Browne - Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet - cnbc.com - China

Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet

Bitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates.

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Bloomberg - Samsung’s profit jumps as AI drives recovery in memory chips - scmp.com - Usa - South Korea - city Seoul

Samsung’s profit jumps as AI drives recovery in memory chips

The world’s largest maker of memory chips and smartphones said operating profit grew more than 15-fold to 10.4 trillion won (US$7.5 billion) in its preliminary results for the June quarter, outstripping market projections.

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YUICHI SHIGA - Nikkei staff writer - Toyota subsidiary warned about Subcontract Act violations - asia.nikkei.com - Japan - city Tokyo

Toyota subsidiary warned about Subcontract Act violations

TOKYO -- The Japan Fair Trade Commission on Friday issued a cautionary advisory to a Toyota Motor subsidiary, which had had unfair transactions with its 94 subcontractors, including forcing some to store molds without compensation.

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Arjun Kharpal - Etf - History suggests bitcoin will likely hit a new all-time high this year, report says - cnbc.com

History suggests bitcoin will likely hit a new all-time high this year, report says

Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday.

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KEN MORITSUGU - Lin Jian - China tells NATO not to create chaos in Asia and rejects label of ‘enabler’ of Russia’s Ukraine war - apnews.com - Japan - New Zealand - China - Usa - Russia - Philippines - South Korea - Washington - Ukraine - Finland - Sweden - Australia - region Indo-Pacific - city Beijing - city Moscow

China tells NATO not to create chaos in Asia and rejects label of ‘enabler’ of Russia’s Ukraine war

BEIJING (AP) — China accused NATO on Thursday of seeking security at the expense of others and told the alliance not to bring the same “chaos” to Asia, a reflection of its determination to oppose strengthening ties between NATO members and Asian nations such as Japan, South Korea and the Philippines.

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