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Here are six luxury brands that have opened restaurants around the world. Gotham/GC Images/Getty ImagesCoachIn March, Coach opened its first-ever restaurant, called The Coach Restaurant, in Jakarta, Indonesia. The brand opened a second location in Tokyo in 2021, in its seven-story flagship in Ginza. Dior also has the Mediterranean restaurant Dior des Lices in Saint Tropez. At its Paris flagship, the French luxury fashion house has La Pâtisserie Dior and the restaurant Monsieur Dior.
Persons: , Ralph Lauren, Ralph Lauren's, Z, Osmud Rahman, Rahman, what's, Jessica Chastain, Louis Vuitton, Café, Ginza . Louis Vuitton, Arnaud Donckele, Maxime Frédéric, Dior Dior, Dior, Monsieur Dior, Anne, Sophie Pic, Dominique Maître, Gucci Gucci, Gucci Osteria, Massimo Bottura, Tiffany, Daniel Boulud Organizations: Service, Business, Toronto Metropolitan University's School of Fashion, Canadian, Globe, Michigan, Polo, Polo Bar, New, New York, Ginza . Louis, Louis, Dior, Kansai International Airport, Dior des Lices, Paris, Michelin, Penske Media, Getty, Tiffany, Co, South, Harrods Locations: Chicago, millennials, New York City, York, Miami , Virginia, New York, Milan, Paris, Chengdu, China, Midtown, Jakarta, Indonesia, Jakarta's Grand, Osaka, Japan, Tokyo, Ginza ., Saint Tropez, Bangkok, Thailand, Europe, US, Asia, Seoul, Miami, Florence, Italy, Italian, Beverly Hills, The Florence, Tiffany, South Coast, Costa Mesa , California, London
UBS upgrades Burlington to neutral from sell UBS said the outlook for Burlington is improving. Jefferies reiterates Netflix as buy After a change in analyst coverage, the firm says it's standing by its buy rating. UBS upgrades TJX Companies to buy from neutral UBS says the off-price retailer is a "growth stock with surprising upside." UBS downgrades CVS to neutral from buy UBS said it sees too much uncertainty for shares of CVS. JPMorgan upgrades Carvana to overweight from neutral JPMorgan upgraded Carvana following earnings on Wednesday.
Persons: Morgan Stanley, Ferrari, Mizuho, C27E, BURL, Jefferies, Rosenblatt, TD Cowen downgrades Wolfspeed, Cowen, Raymond James, Parsons, Ziff Davis, KBW, Piper Sandler, Cantor Fitzgerald, Tesla, Cantor, it's bullish Organizations: Nvidia, Mizuho, UBS, Netflix, Networks, Enterprise, Jefferies, CTV, TJX Companies, Department Stores, CVS, JPMorgan, Susquehanna, MGM, Bank of America, Community Bank, Piper, NYCB, ~$ Locations: Burlington, Las Vegas
CNN —“In space, no one can hear you scream.”“Alien” premiered with that memorable advertising line in June 1979. I went to see “Alien” on its opening weekend with my older brother, knowing relatively little about it. Driving to the Avco cinemas in Westwood near UCLA, we immediately noticed the long line for tickets wrapping around the theater and heading down the block. Yaphet Kotto, Sigourney Weaver and Ian Holm in "Alien." Yet in the 1970s, with films like “Jaws,” “Star Wars” and “Alien,” they seemed to emerge almost organically, yielding screams, either of delight or horror, that, like those memories, have echoed across space and time.
Persons: CNN —, , Ridley Scott’s, Ellen Ripley, Sigourney Weaver, Tom Skerritt, Yaphet Kotto, Ian Holm, , thrall, Ripley, Romulus, , James Cameron’s Organizations: CNN, Los Angeles Times, Avco, UCLA, Fox, Hollywood Locations: Westwood
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.
Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California
How to buy tickets for Usher's 2024 concert tourYou can buy original standard tickets to Usher's Past Present Future Tour on Ticketmaster. Prices for standard original tickets to Usher's 2024 tour vary depending on date, location, and demand. On StubHub, resale ticket prices tend to be more affordable for Usher's 2024 concert tour. Usher has yet to announce any opening acts for his 2024 concert tour. Usher's 2024 tour will include two shows in Toronto, Canada, in September and two performances in Vancouver, Canada, in November.
Persons: Usher, Usher's, We've, Diamond Barstool, Savage, Summer Walker, StubHub Organizations: Business, Super, FL, IL, AZ, Ticketmaster Locations: Las Vegas, American, United States, Canada, Atlanta , Georgia, Houston , Texas, Atlanta, Washington, Baltimore, Boston, Philadelphia, Toronto, ON, Brooklyn, NY, Detroit, MI, Denver, Inglewood, CA, Oakland, Dallas, Austin, Miami, Charlotte, NC, Louis, Chicago, Minneapolis, Vancouver, BC, Seattle, WA, Vegas, Anaheim, Phoenix, Houston, Miami , Florida, Dallas , Texas, Minneapolis , Minnesota, North America
Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.
Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou
Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. Musician Ma Siwei and actor Dylan Wang at the Louis Vuitton Men's fashion show in Hong Kong, China. Louis Vuitton opened its first boutique in Hong Kong in 1979. Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. “I definitely knew I wanted Hong Kong to be my second stop after Paris,” he said of his Louis Vuitton show schedule.
Persons: Hong Kong CNN — Louis Vuitton’s, Pharrell Williams, Pont, Hong, Anson Lo, Song, , Williams, ” —, , Louis Vuitton, Ma Siwei, Dylan Wang, Billy H.C, Kwok, Virgil Abloh, Louise Delmotte, , Louis Vuitton’s, junkboat, Dior, Louis Vuitton's, Lam Yik, Tyrone Siu, Reuters Louis Vuitton’s, Lorraine Schwartz, it’s, ” Williams, “ You’re Organizations: Hong Kong CNN, Hollywood, CNN, Louis, Paris, Vuitton, National Security Law, Hong Kong Tourism Board, , Bloomberg, Getty, K11 Group, Stars, Victoria, Reuters, Reuters Louis Vuitton’s womenswear Locations: Hong Kong, Asia, Hong, Victoria Harbour, American, Paris, Hawaii, China, Victoria Dockside, Huangpu, Shanghai, South Korea
BHP's iron ore operations include four processing hubs and five mines that are linked by more than 1,000 km (621 miles) of rail and port facilities. BHP said that the proposed action would present logistical challenges but that it had put in place arrangements to mitigate the impact. Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. "Concerns over disruptions on the supply side due to the looming strike at BHP in Australia contributed to higher iron ore prices today," said Pei Hao, a Shanghai-based analyst at international brokerage FIS. Drivers received an offer from BHP last Wednesday that did not meet their expectations around rostering, arbitration and camp standards, Busson added.
Persons: Dado Ruvic, Greg Busson, Busson, Pei Hao, BHP, Melanie Burton, Amy Lv, Gerry Doyle Organizations: BHP, REUTERS, Rights MELBOURNE, Reuters, Monday, Mining, Energy Union WA, Drivers, Thomson Locations: WA, Australia, Shanghai, rostering, Rio Tinto's, Beijing
A view shows the Canoo logo on a Canoo LV (Lifestyle Vehicle) electric vehicle outside a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. The EV maker expects capital expenditure of $30 million to $40 million in the second half of 2023, compared with its prior forecast range of $70 million to $100 million. Canoo projects core loss to be between $85 million and $105 million for the second half, versus its previous range of $120 million to $140 million. Adjusted loss per share was 6 cents, compared with LSEG estimates of a 12-cent loss. Its cash and cash equivalents were $8.3 million as of Sept. 30, compared with $5 million in the preceding three months.
Persons: Rebecca Cook, Canoo, Tony Aquila, EVs, Aquila, Samrhitha, Shilpi Majumdar Organizations: REUTERS, Ford, General Motors, U.S . Defense Department, Walmart, NASA, Thomson Locations: Livonia , Michigan, U.S, Oklahoma, Bengaluru
[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. "Nobody believed that Country Garden would fail. Country Garden declined to comment. In July, only weeks before it skipped debt payments, Country Garden launched a campaign on its WeChat channel titled “Beautiful Delivery”, showcasing newly built apartments and happy homeowners. Country Garden did not respond to questions about the payment or delivery disputes.
Persons: Aly, Ping, COVID, Economist Intelligence Unit's Xu Tianchen, EIU’s Xu, it’s, , Qiao Jingjing, Qiao, Clare Jim, Liangping Gao, Amy Lv, Laurie Chen, Antoni Slodkowski Organizations: Shanghai Country Garden, REUTERS, Rights, China's, Garden, Ping An, Economist Intelligence, Reuters, Observers, Jujiang, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, Beijing, Chongqing, Xinzheng, Henan Province, Lincoln
CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.
Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, , , Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro
The footage shows Israeli armored vehicles clearing paths into northern Gaza. The paths will likely be used by the Israeli Defense Forces to invade Gaza. AdvertisementAdvertisementIsraeli armored vehicles have cleared paths into Gaza ahead of a likely ground invasion, according to a video shared by the Israel Defense Forces (IDF). The footage shows dozens of armored vehicles clearing dirt piles and constructing several paths near the border fence between Gaza and Israel. X/@IDFOSINT Defender said the paths "will likely be used" by the IDF in their upcoming ground invasion.
Persons: , oMdSDR84rU, OSINT, Benyamin Netanyahu Organizations: Israeli Defense Forces, Service, Israel Defense Forces, IDF, Caterpillar, Puma, Israel's, Israel's Defense, Wall Street, Military, Hezbollah, Islamist Locations: Gaza, Israel, Israeli, Northern Gaza, Lebanese
Here are key details on graphite and China's limits on exports of strategic minerals. That's about double the amount of lithium in an EV battery. China also refines more than 90% of the world's graphite into material used in virtually all EV battery anodes. Top buyers of graphite from China include Japan, the U.S., India and South Korea, according to Chinese customs data. OTHER CHINESE MINERAL EXPORT CURBSIn July, China announced export restrictions on eight gallium and six germanium products starting on Aug. 1.
Persons: Tony Munroe, Amy Lv, Christian Schmollinger Organizations: REUTERS, Rights, . Geological Survey, EV, Mercedes, Benchmark Mineral Intelligence, Thomson Locations: Qingdao, Shandong province, China, Rights SINGAPORE, Mozambique, Madagascar, Brazil, Japan, U.S, India, South Korea
China's exports of wrought germanium products stood at 1 kilogram, versus zero in August after a flurry of buying prior to the restrictions saw shipments of wrought products surge to 8.63 metric tons in July. China exported no wrought gallium products in August and September. Exporters of germanium and gallium products now need to obtain an export licence for dual-use items and technologies, meaning those with potential military and civilian applications. Some Chinese companies have obtained export licences for gallium and germanium products, the Ministry of Commerce said in September. China's exports of wrought germanium totaled 36.49 tons in the first nine months of 2023, up 47.4% on the year, while shipments of wrought gallium fell 61.9% on the year to 22.72 tons over the same period.
Persons: Amy Lv, Dominique Patton Organizations: cnsphoto, REUTERS, Rights, Ministry of Commerce, Shanghai Metals, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Rights BEIJING, Beijing, Washington
Graphite is used in virtually all EV battery anodes, which is the negatively charged portion of a battery. Their announcement boosted China's exports in July as overseas buyers rushed to lock in supply, while the launch of the restrictions slashed exports in August-September. It also makes more than 90% of the final processed material for EV battery anodes. "We have been waiting for (China's) graphite exports to slow," said John Meyer at SP Angel. "Having overproduced synthetic graphite we reckon China is also keen to keep this material within China to meet rapid growth in EV battery demand."
Persons: Phil Noble, Tom Burkett, James Willoughby, Wood Mackenzie, Daisy Jennings, Gray, Willoughby, John Meyer, Polina Devitt, Amy Lv, Eric Onstad, Veronica Brown, Josie Kao Organizations: REUTERS, EV, Global Graphite Advisory, Companies, Benchmark Mineral Intelligence, SP, Thomson Locations: Manchester, Britain, BEIJING, China, Canada, Africa, Australia, Brazil, U.S, Wood, Japan, United States, South Korea, India
REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsBEIJING, Oct 19 (Reuters) - Chinese prices of chip-making metal gallium hit their highest since February this week on stronger domestic demand and growing hopes of recovering exports, analysts and suppliers said. The spot price of gallium metal reached 1,975 yuan ($269.95) per kg on Oct. 18, up 18% since the start of July and up 8% since Aug. 1, data from consultancy Shanghai Metals Market showed. The Ministry of Commerce said last month that some Chinese companies have obtained export licences for gallium and germanium products. European prices of gallium metal surged by 68% from early July to $475 per kg on Oct. 18 and was up 23% from August, data from information provider Fastmarkets showed. ($1 = 7.3162 Chinese yuan)Reporting by Amy Lv and Dominique Patton in Beijing; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Florence Lo, Li Yilan, Antaike, Amy Lv, Dominique Patton, Shounak Dasgupta Organizations: REUTERS, Rights, . Geological Survey, Shanghai Metals, Beijing, Commerce, Fastmarkets, Thomson Locations: China, Rights BEIJING, Beijing
‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.
Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, , Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, , Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe,
"There's increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China's trade data is the latest sign," said Xu Tianchen, senior economist at the Economist Intelligence Unit. Reuters GraphicsSouth Korean exports to China, a leading indicator of China's imports, fell at their slowest pace in 11 months in September. Semiconductors make up the bulk of their trade, signalling improving appetite among Chinese manufacturers for components to re-export in finished goods. However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference on Friday that China's trade still faces a complex and severe external environment. Overall, though, total merchandise imports fell at a slower pace, down 6.3%, reflecting a gradual recovery in domestic demand.
Persons: Smart, David Kirton, Xu Tianchen, it's, Julian Evans, Pritchard, Zou Lan, Premier Li Qiang, Li, Robert Carnell, Kevin Yao, Albee Zhang, Shri Navaratnam, Kim Coghill Organizations: Trade, REUTERS, Economist Intelligence Unit, Reuters Graphics South, Semiconductors, Administration of Customs, ASEAN, Federal Reserve, China Economics, Capital Economics, People's Bank of, Premier, Bloomberg, ING, Thomson Locations: Qianhai, Shenzhen, Guangdong, China, BEIJING, United States, Europe, Stocks, People's Bank of China, Beijing, Asia, Pacific
“There’s increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China’s trade data is the latest sign,” said Xu Tianchen, senior economist at the Economist Intelligence Unit. South Korean exports to China, a leading indicator of China’s imports, fell at their slowest pace in 11 months in September. However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference earlier on Friday that China’s trade still faces a complex and severe external environment. Yet, authorities can take some comfort from recent data including upbeat factory activity and retail sales while the past Golden Week holiday travel edged up 4.1% from pre-pandemic 2019 levels. Most analysts have been reiterating in recent months that policymakers will need to go further than introducing piecemeal measures in order to bolster the economic recovery.
Persons: , Xu Tianchen, Headwinds, it’s, Robert Carnell, Organizations: Beijing Reuters —, Economist Intelligence Unit, Semiconductors, Global, Administration of Customs, Bloomberg, ING Locations: Beijing, China, Asia, Pacific
"There's increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China's trade data is the latest sign," said Xu Tianchen, senior economist at the Economist Intelligence Unit. Reuters GraphicsSouth Korean exports to China, a leading indicator of China's imports, fell at their slowest in 11 months in September. Global trade activities, represented by the Baltic Dry Index, also reported notable growth in September. However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference earlier on Friday that China's trade still faces a complex and severe external environment. China's crude oil imports in September grew nearly 14% from a year earlier, while copper imports fell 5.8% year-on-year.
Persons: Smart, David Kirton, Xu Tianchen, it's, Robert Carnell, Albee Zhang, Shri Navaratnam Organizations: Trade, REUTERS, Economist Intelligence Unit, Reuters Graphics South, Semiconductors, Global, Administration of Customs, ASEAN, Federal Reserve, Bloomberg, ING, Thomson Locations: Qianhai, Shenzhen, Guangdong, China, BEIJING, United States, Europe, Stocks, Beijing, Asia, Pacific
A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. Washington has asked Brussels to move against Chinese steel producers in particular in return for avoiding the re-imposition of Trump-era tariffs on EU steel and aluminium, with an end-October deadline to reach an agreement. Washington has said it wants to prevent "leakage" of Chinese steel and aluminium into the U.S. market. China's shipments have steadily fallen since 2015, when they made up 25% of EU steel imports in volume terms, to below 10% since 2018, according to EU steelmakers federation Eurofer. The extra annual emissions would by 2026 be more than the CO2 emissions of the entire EU steel sector, he said.
Persons: Damir Sagolj, Joe Biden, Ursula von der Leyen, Charles Michel, Washington, Axel Eggert, der Leyen, Nilutpal, Philip Blenkinsop, Amy Lv, Simon Cameron, Moore, Mark Potter, Matthew Lewis Organizations: Chongqing Iron, REUTERS, Rights, European, Trump, Financial Times, European Union, European Commission, EU, World Trade Organization, China's Ministry of Commerce, Thomson Locations: Chongqing, Changshou, China, Rights BRUSSELS, United States, European, EU, Brussels, Washington, U.S, East, North Africa, Bengaluru, Beijing
EU plans anti-subsidy probe into Chinese steelmakers - FT
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +1 min
A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File photo Acquire Licensing RightsOct 10 (Reuters) - The European Union is planning to announce anti-subsidy investigations against Chinese steelmakers at a summit with the U.S. this month, the Financial Times reported on Tuesday. Washington had asked Brussels to move against Chinese steel producers in return for avoiding the re-imposition of Trump-era tariffs on EU steel, the newspaper said. In September, Brussels launched an investigation into whether to impose punitive tariffs to protect EU producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies. Additional reporting by Amy Lv in Beijing; Editing by Jacqueline Wong & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Damir Sagolj, Washington, Joe Biden, Ursula von der Leyen, Charles Michel, Nilutpal, Amy Lv, Jacqueline Wong, Simon Cameron, Moore Organizations: Chongqing Iron, REUTERS, European, U.S, Financial Times, Trump, China's Ministry of Commerce, EVs, Thomson Locations: Chongqing, Changshou, China, Brussels, Beijing, Bengaluru
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 29 (Reuters) - Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company's job posts on professional social network LinkedIn. Huawei was also hiring a metals hedging specialist and a metals research specialist in the city-state four months ago, according to separate LinkedIn posts. Huawei did not respond to Reuters' request for comment on the commodities team hirings it has made or its hiring plans. The positions will work closely with Huawei's teams in China and Hong Kong to grow its metals hedging and researching capabilities as well as risk control, focusing on ferrous, nonferrous and battery metals, the posts said. The team is drafting the hedging proposals and trading plans, said the source.
Persons: Benoit Tessier, Mai Nguyen, Amy Lv, Andrew Hayley, Muralikumar Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, LinkedIn, Huawei, Reuters, Thomson Locations: Porte, Paris, France, Singapore, China, Hong Kong, Hanoi, Beijing
The elements of Gallium and Germanium are seen on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Sept 22 (Reuters) - U.S. semiconductor wafer maker AXT Inc (AXTI.O) said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates - compounds key to chipmaking - to certain customers. China's Ministry of Commerce said on Thursday that some Chinese companies had obtained export licences for gallium and germanium products, with more still being reviewed. This came after China's exports of germanium and gallium items plunged in August, the first month of the export controls,customs data showed on Wednesday. There were also no exports of wrought gallium products in August, compared to 5.15 tons in July and 7.67 tons in August in 2022, the data showed.
Persons: Florence Lo, Beijing Tongmei, Tongmei, Amy Lv, Dominique Patton, Tom Hogue, Stephen Coates Organizations: REUTERS, Rights, AXT Inc, Beijing, China's Ministry of Commerce, China, Thomson Locations: Rights BEIJING, . California, China, Beijing, United States, Washington
The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing introduced new conditions for exports on Aug. 1. The Ministry of Commerce has approved applications from some companies that meet relevant requirements, spokesman He Yadong said at a regular press briefing. Reporting by Joe Cash, Albee Zhang, and Amy Lv in Beijing; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Florence Lo, Yadong, Joe Cash, Albee Zhang, Amy Lv, Jason Neely Organizations: REUTERS, Rights, of Commerce, Thomson Locations: China, Rights BEIJING, Beijing
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