Reuters Asia

China issues report that Boeing sees as key to restart 737 MAX deliveries

By Valerie Insinna and Brenda Goh WASHINGTON/SHANGHAI (Reuters) -China’s aviation regulator has published a report that Boeing views as a key step for the U.S. planemaker to resume deliveries of its 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. Boeing has more than 130 completed MAX …

China issues report that Boeing sees as key to restart 737 MAX deliveries Read More »

India’s Maruti Suzuki to recall 7,213 Baleno RS hatchbacks to fix brake part defect

BENGALURU (Reuters) – Maruti Suzuki India Ltd, the country’s largest carmaker, said on Friday it would recall 7,213 units of its Baleno RS hatchback over a possible defect in vacuum pump that assists its brake function. “The affected vehicle may require increased effort in brake pedal application,” the company said in a release, adding that …

India’s Maruti Suzuki to recall 7,213 Baleno RS hatchbacks to fix brake part defect Read More »

China’s Fosun faces lawsuit over stake sale in Nanjing Nangang to Jiangsu Shagang

(Reuters) – Fosun International said on Friday steel manufacturer Jiangsu Shagang Group has filed a lawsuit against the company alleging the failure of one of Fosun’s unit to perform an obligation under a recent deal.    Last month, Fosun said it would sell its 60% stake in Nanjing Nangang Iron & Steel United Co Ltd to …

China’s Fosun faces lawsuit over stake sale in Nanjing Nangang to Jiangsu Shagang Read More »

Volkswagen increases Q1 sales despite weaker China business

BERLIN (Reuters) – Volkswagen significantly increased deliveries in the first quarter despite weaker business in China, its most important single market, the German carmaker said on Friday. The group delivered 2.04 million vehicles to customers worldwide, up 7.5% compared with the same quarter last year, while in China, sales fell 14.5% to 644,500 vehicles. Sales …

Volkswagen increases Q1 sales despite weaker China business Read More »

India’s Reliance Industries Q4 profit rises 19% on O2C boost

BENGALURU (Reuters) -Reliance Industries Ltd, India’s most valuable company, on Friday reported a more than 19% jump in fourth-quarter profit, led by the strength in its mainstay energy unit. Consolidated profit at the Mukesh Ambani-led conglomerate rose to 192.99 billion rupees ($2.35 billion) in the quarter ended March 31, from 162.03 billion rupees a year …

India’s Reliance Industries Q4 profit rises 19% on O2C boost Read More »

Irish government staff advised to remove TikTok from work devices

DUBLIN (Reuters) – The state body responsible for advising the Irish government on cyber security recommended on Friday that staff at government departments and state agencies not use Chinese-owned video app TikTok on official devices. A number of Western countries including Britain, the U.S. and other European Union member states have barred TikTok over security …

Irish government staff advised to remove TikTok from work devices Read More »