Seat manufacturer Lear lowers production forecast to 9% rise, from an up to 12% forecast at start of the year, while Magna and BorgWarner warn of reduced output
BioNTech will build its first manufacturing site outside of Europe as it eyes producing more than 3 billion doses annually of its high-tech mRNA-based vaccines
The Hong Kong carrier is to launch its first US dollar bond in 25 years and investors have been told it will be of 'benchmark size' and at least $500 million
The country’s car firms are all poised to report profit drops this week but that won’t be a surprise to analysts who are more worried about how the next year will pan out
A Green Debt Catalogue (2021) has been issued to help wean the country off coal power and achieving its goal of carbon neutrality; it is backed by the central bank, the National Development and Reform Commission, and the China Securities Regulatory Commission
Australia’s Star Entertainment Group has unveiled a merger proposal with rival casino operator Crown Resorts, triggering a bidding war and a Competition Commission probe
“The labour data could be understating the underlying strength in labour markets, given other stronger labour-market indications, but this is unlikely to drive asset markets in the near term”
In the second of a two-part examination of the extraordinary stimulus measures planned by US President Joe Biden, wealth adviser Tariq Dennison looks at the impact of the spending on individual Americans
In the first of a two-part examination of the extraordinary stimulus measures planned by US President Joe Biden, wealth adviser Tariq Dennison puts the measures in economic perspective
'Endless Frontier' bill would authorise about $95bn over five years to invest in basic and advanced research, commercialisation, and education and training programs in key technology areas
‘Our hydrogen industry is in its infancy, so the lessons learned from these three projects – and the entire funding round – will be important in driving our future hydrogen economy'
India and the EU were expected to restart long-stalled trade talks today as tensions with China, Covid and the fallout from Brexit push both to turn to each other after years
Norwegian telco Telenor writes off $782 million after military ordered it to shut down internet service in a bid to quell massive public opposition to the takeover
The usually rainy island’s government has made sure its vital chipmaking enterprises have all the water they need - ahead of even the factories’ residential neighbours
Germany, Switzerland and other wealthy nations oppose push to waive intellectual property rights to ramp up production of vaccines; but drug companies say shortage of raw materials and qualified personnel are key issues holding up output
Chinese companies raised around $4.4 billion in the first quarter in 20 separate IPO deals; And about 60 Chinese companies plan to go public in the US this year, the New York Stock Exchange has said
Fund giant supports shareholder protest against Procter & Gamble’s sourcing of commodity from an Indonesian company in which the company holds a significant stake
Bangkok has acted quickly to boost the country’s economy with soft loans, utility subsidies and cash transfers to lift demand, despite a surge in online payments
Elon Musk's company is developing platform to allow car owners to access data generated by their vehicles while Chinese maker expands showrooms to Europe
The Japanese firm’s signature console benefited from a pandemic sales boost – but now the five-year-old device is nearing the end of its life cycle and the continuing global semiconductor shortage is hitting production too
Carmaker has been trying to become profitable again and recover from reputational damage caused by departure of former leader Carlos Ghosn amid scandal
Finance minister Liu Kun has written three articles flagging the new legislation in the current five-year plan in recent months, but there has been no indication yet when it will be launched
Vital materials - including lithium, nickel, cobalt, manganese, graphite and rare earth elements - face demand and supply problems, according to a new report
Some 230 million people travelled over the five-day holiday break and they provided a long overdue boost to the tourism industry, while those who stayed home boosted cinema proceeds and also spent well
US Trade Representative Katherine Tai backs a waiver for patents on Covid vaccines, sending down drug maker shares; expects to meet China's Liu He in the “near term”
India’s central bank has unveiled an array of measures aimed at mitigating the economic impact of the country's virus crisis as the Australian government's travel ban on its own citizens returning home from the Covid-hit country is challenged in court
Use of diesel, gasoline, jet fuel and liquefied petroleum gas (LPG) all fell in April amid the huge spike in infections, data from state-run refiners shows
Global recovery hopes and production cuts have helped oil prices rise to their highest in more than a year; For EM sovereign energy producers and exporters, this should help by lowering fiscal funding needs and improving their current account position
'Barrage' is the term for the growing trend of users responding to online broadcasts; When a person watches a video, they can send their thoughts and opinions to the video screen in the form of a "text + emoji" in real time; This creates a unique interactive experience
Tianjin’s Binhai New Area will see funds pour into its tech sector as China boots up its ambitions to rival the US in artificial intelligence development
Beijing would gain political and economic benefits, as agreement would improve international cooperation, potentially promoting transparency and fairness
Non-governmental organisations call on Asian Development Bank to swiftly end financing for polluters and help build climate-resilient economic recovery
Baiyun Obo Laboratory in Inner Mongolia now regarded as a national-level entity for the role its researchers have played in the sector; Minmetals outlines outlook for year ahead
Civil strife in Myanmar has opened the door to further plunder of resources in Kachin State, activists in the northern state claim; But many say the current fighting between the army and the Kachin is over control of another highly precious ornamental mineral
Cricket's star-studded Indian Premier League has been called off with coronavirus cases crossing the 20 million mark and no sign yet of a downturn in its spread
Suning is looking for €250 million to finance Italian soccer club Inter Milan after the failure of the European Super League to provide a boost; founder Zhang Jindong looking for ways to cut its huge debt load
Launched in 2000, the nonprofit Bill & Melinda Gates Foundation ranks as the largest private philanthropic foundation in the United States with net assets of $43.3 billion at the end of 2019
Australia's Port of Newcastle is to borrow A$515 million with the interest rate linked to emissions goals – and even its commitment to mental health first aid, diversity and inclusion
The American drug giant is pressing for 'expedited approval' for its Covid-19 vaccine in a bid to help New Delhi get on top of its domestic disaster with record daily deaths being recorded
Ethereum – the world’s second biggest cryptocurrency – broke past the $3,000 barrier to quadruple in value in 2021 with some analysts predicting it will be a significant rival to bitcoin in the future
Online retail sales were worth close to 3 trillion yuan in the opening quarter of this year as coronavirus lockdowns fuelled a boom in internet purchases
Clean Energy group says govt funding should be targeted at low-cost renewable hydrogen hubs, not at locking in expensive fossil fuel-based hydrogen for longer through the use of carbon-capture-storage
Analysts say part of the reason for strong demand has been the growth in online auctions to get around Covid-19 restrictions; they have allowed auction houses to tap into a younger generation of buyers and consumers all across Asia and other regions
Telco plans to use the funds raised on 5G projects, cloud-network infrastructure, plus research and innovation, and is seeking 'strategic investors' in key growth areas
Fund managers raised over $26 billion for real estate investments in the region last year despite the turmoil of the coronavirus pandemic, and surveys show the positive sentiment is likely to continue in 2021 and 2022
Tankers diverting away from India or waiting at sea as demand for cargoes of gas 'dries up' amid the dramatic coronavirus surge; pandemic problems in Japan are also taking a toll on markets for the super-cooled fuel
Investor optimism this week will be capped by the surging coronavirus infection spread in countries such as India, Japan and Thailand, where it has staged a comeback
Open finance uses smart contracts on a blockchain to allow many to transact with many, distributing risk around a system instead of concentrating it in the hands of a few; Its decentralized architecture can help to make investing more accessible, cheaper and more transparent, says Alex Grebnev
Five global trends have the potential to shape the direction of markets — China, Japan, technology, value and the resiliency of international markets — may provide distinct opportunities, Justin Thomson, Head of International Equities at T Rowe Price, says
The online retail specialist won’t be handing out wage rises to its top staff members this year – but will be rewarding its more junior employees instead in a bid to hold on to its talent
Substantial build-up of reserves - in anticipation of a much more severe economic downturn - puts them in good position to withstand future increases in bad debts
The escalating surge of Covid infections in India is showing no signs of abating – and has triggered growing concerns about its spill-over effect on the country's economy as well as on the rest of the world
Chaos caused by the coup would wipe out all economic gains made during decade of democratic rule, the UNDP says; meanwhile, thousands of Karen are poised to flee across the border into Thailand if fighting intensifies in coming weeks, as many expect
The troubled Chinese tech giant is poised to take control of small automaker Chongqing Sokon’s electric car unit as it bids to become more than just an auto software provider and instead a vehicle producer in its own right
US President Biden says "trickle-down economics has never worked – it's time to grow the economy from the bottom up and middle-out"; proposes American Families Plan to pour $1.8 trillion into early education, childcare and colleges; but like his infrastructure bill, it may struggle to pass the Senate intact
The banking system in China operates on underlying transaction and risk management software developed mostly by foreign companies; some is considered outdated and a potential risk for a structure that is essentially the lifeblood of local banking networks
Import taxes cut on steel products on Wednesday as part of a multi-year campaign to force Chinese producers to shrink, be more energy efficient and profitable
Chinese telecoms equipment supplier sees revenue fall 16.5% in the first quarter, but its net profit margin rose 3.8 percentage points compared with a year earlier to 11.1%
The Korean firm accounted for a fifth of handset sales worldwide in the first quarter of this year while China’s Xiaomi put in its best ever three months selling 49 million phones
The race to acquire a slice of Saudi Arabia's Aramco is about to hot up with Mukesh Ambani reportedly mulling a stake in the oil giant, even as major Chinese investors eye a slice too
Shares of China’s largest food delivery service provider rose as investors expect a limited impact from China's antitrust investigation into the company over alleged monopolistic business practices
But Asian Development Bank warns that new outbreaks and delays in vaccine rollout could prolong disruptions to mobility and stall regional economic activity
Besides donating rare artworks and giving millions to medical research, Samsung's ruling family may look to restructure to retain control after paying a massive inheritance tax bill
Google ad sales surged in the first quarter, helping parent Alphabet’s shares to rise +4.5%; Chinese rival Baidu’s US shares lag for now ahead of results on May 18
The Japanese investment conglomerate appears to have drawn a line now after spending $20 billion over a year on a buyback push to support its struggling share price
Alibaba, Tencent and JD.com may be asked to set up agencies made up of 'external members' to supervise the handling of personal data amid push to expand privacy protection; analysts they say could be run with a state bank and may charge fees for information requests
London Metal Exchange benchmark reaches $9,965 a tonne - the highest level since March 2011 - boosted by a labour strike in Chile, the world's biggest producer
Bank’s results were strong in Asia, particularly in wealth and asset management, which recorded a collective $24 billion in net client money in the quarter
China deliveries were up 29.6% year-on-year, with new models of the Corolla, Levin, RAV4, and Wildlander, as well as the Lexus marque, among the best performers
United Microelectronics’ huge investment comes as car-makers, tech firms and even white goods manufacturers are struggling because of a worldwide semiconductor shortage
Guidelines issued by Shanghai and Shenzhen stock exchanges seek to limit investment companies and developers' access to funding and restrict the scale of local governments' hidden liabilities, amid concern pockets of excess debt could rock the financial system
Officials in northern province have restructured dozens of local businesses operated by the state and battled to repay bonds since a coal company default created panic in the market last November; they have vowed to repay all debts
8 must-reads from the world's most dynamic region
The most important news, commentary, charts and TV that are moving markets in Asia today
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