BEIJING – China’s car sales accelerated in September, the traditional peak season for the auto market, as dealers and consumers took advantage of trade-in subsidies before more local governments suspended the incentives. Domestic car sales rose 6.6 percent year-on-year to 2.27 million units, following a 4.9-percent increase in August, data …
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LG Energy Solution Q3 operating profit beat market expectations
Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024. (REUTERS/Kim Hong-Ji/File Photo) SEOUL – Battery maker LG Energy Solution (LGES) said on Monday its third-quarter operating profit likely rose 34 percent as US consumers rushed to buy …
Read More »Industry group supports BOC’s bold anti-smuggling reforms
The Federation of Philippine Industries (FPI) expressed strong support for sweeping reforms implemented by the Bureau of Customs (BOC), saying the measures could finally deliver President Ferdinand Marcos Jr.’s promise to end the reign of smugglers in the country. FPI chairman emeritus Jesus Arranza said the reforms, which include a …
Read More »Warner Bros rebuffs Paramount takeover approach
The Warner Bros logo is seen during the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric Gaillard WARNER Bros. Discovery has rebuffed Paramount Skydance’s initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros. rejected Paramount’s offer of around $20 per share …
Read More »India’s UTI Asset Management halts new investments in silver ETF
A goldsmith inserts a stone inside a silver crown at a jewellery making workshop in Mumbai, India, August 14, 2025. REUTERS/Francis Mascarenha UTI Asset Management Co. has temporarily suspended fresh lump-sum and switch-in investments into the UTI Silver ETF Fund of Fund, effective Oct. 13, 2025, the company said in …
Read More »CREATE MORE Act helps boost FDIs to PH in July
FOREIGN INVESTMENTS. Container vans in Manila South Harbor in this undated photo. An economist on Friday (Oct. 10, 2025) traced the improvement in foreign direct investment inflows in July 2025 to the positive demographic, strong domestic growth, and the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for …
Read More »American liquor exports to Canada ‘plummeted’ 85%, says U.S. trade group
American spirit exports to Canada “plummeted” 85 per cent in the second quarter of 2025, with the Distilled Spirits Council of the United States calling the situation “very troubling” as consumers in key international markets opt for alternatives to U.S.-made products because of trade tensions. Distilled Spirits Council of the …
Read More »Australian airline Qantas says millions of customers’ data leaked online
SYDNEY — Australian airline Qantas said on Sunday that data from 5.7 million customers stolen in a major cyberattack this year had been shared online, part of a leak affecting dozens of firms. Disney, Google, IKEA, Toyota, McDonalds and fellow airlines Air France and KLM are also reported to have …
Read More »Tesla’s September China-made EV sales rise 2.8% year on year
Photo Credit: Shutterstock BEIJING ― Tesla’s sales of Chinese-made EVs rose 2.8 percent year-on-year in September to 90,812, ending a two-month decline as its new six-seater began deliveries in China, data from the China Passenger Car Association showed on Friday. The data comes after news that the US automaker also …
Read More »China opens antitrust probe into Qualcomm over its Autotalks deal
BEIJING ― China has launched an antitrust investigation into United States semiconductor manufacturer Qualcomm over its acquisition of Israel’s Autotalks, China’s market regulator said on Friday. China’s State Administration for Market Regulation said the probe would look at whether Qualcomm violated China’s antitrust law by not lawfully declaring some details …
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