Asia Tonight: Business news in brief Feb 6
Business Briefs on Asia Tonight, Feb 6: – Philippine central bank cuts key interest rate to 3.75 per cent – India’s central bank keeps rates steady for second … source
Thyssenkrupp CEO: no taboos in steel consolidation plans
FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum, Germany, January 31, 2020. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Thyssenkrupp’s CEO…
Green hydrogen’s time has come, say advocates eying post-pandemic world
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance…
EU puts anti-dumping duties on stainless steel from China, Indonesia and Taiwan
(Reuters) – The European Commission has imposed provisional anti-dumping duties on some stainless steel products from China, Indonesia and Taiwan, according to the official EU journal, nearly eight months after…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion euro ($17 billion) elevator unit, dealing a blow to Finland’s…
Mexico says ‘good progress’ on trade deal although work remains
WASHINGTON (Reuters) – Negotiators working to close a new North American trade deal have made “good progress” but many elements are not yet resolved, Mexico’s deputy foreign minister said on…
China November iron ore imports down for second month as top miners ship less
BEIJING (Reuters) – China’s iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil…
Phase one trade deal with China is in good shape: U.S. Commerce chief
FILE PHOTO: U.S. Commerce Secretary Wilbur Ross meets with Greek Prime Minister Kyriakos Mitsotakis (not pictured) at the Maximos Mansion in Athens, Greece September 5, 2019. REUTERS/Costas Baltas/File Photo WASHINGTON…
Explainer: What tools could Trump use to get U.S. firms to quit China?
WASHINGTON (Reuters) – Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing…
White House’s Navarro says still expecting next round of China trade talks
FILE PHOTO: White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White…