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Other investors are simply moving to markets with better growth prospects, such as Brazil. The scale of change needed in global supply chains could drive such capital flows for the next decade, he said. The iShares MSCI Emerging Markets ex-China ETF , the world's largest emerging market ex-China ETF whose biggest holdings are firms in Taiwan, South Korea and India, attracted a record $1 billion net inflow in the first half of 2023, the data showed. "China is the one major country that investors are most concerned about in EM," said John Lau, portfolio manager for Asia Pacific and emerging market equities at SEI. “U.S., Canadian, and some European investors are exiting China due to political pressure.

Persons: Aly, Malcolm Dorson, John Lau, Goldman Sachs, Jeffrey Jaensubhakij, ”, Benjamin Low, Donald Trump, Joe Biden's, Biden, Wong Kok Hoi, Summer Zhen, Vidya Ranganathan Organizations: REUTERS, Global, China ETF, China, Asia Pacific, SEI, Stock Connect, Morningstar, China Opportunity Equity Fund, Fund, Boston, Cambridge Associates, CSI, Nikkei, Investors, Reuters Graphics, APS Asset Management, Thomson Locations: Shanghai, China, HONG KONG, U.S, Mexico, India, Vietnam, Brazil, New York, Taiwan, South Korea, Asia, Singapore, Indonesia, Japan, Hong Kong, Canada, “ U.S

July 27 (Reuters) - A lawsuit filed on Thursday by former Michigan State University athletes victimized by Larry Nassar alleges that its trustees voted in secret to withhold thousands of documents related to the disgraced team doctor in violation of state law. The lawsuit asked the Ingham County Circuit Court to require the board to vote publicly on whether to release the documents or keep them confidential. MSU, Nassar's former employer, previously agreed to a near $500 million settlement with the hundreds of women who were sexually abused by Nassar. USA Gymnastics and the U.S. Olympic & Paralympic Committee, with whom Nassar also worked as a team doctor, reached a $380 million settlement. Earlier this month, Nassar was stabbed multiple times by another inmate in prison and was in stable condition.

Persons: Larry Nassar, Azzam, Elder, Nassar, Simone Biles, Aly Raisman, McKayla Maroney, unflinchingly, Kanishka Singh, Frank McGruty, Aurora Ellis Organizations: Michigan State University, MSU, U.S, Olympic, Paralympic, Thomson Locations: Ingham, Washington

☆ Global automakers scramble to reset China strategies as sales slow
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +6 min

Global automakers, who for years have dominated the market along with their Chinese state-run partners, have been slow to pivot to the fast-growing market for EVs with competitive offerings. "This major collaboration between Volkswagen and Xpeng is a milestone for our electrification strategy 'in China for China'," said Ralf Brandstatter, a VW board member on his social media account. Their deeper pockets give established foreign automakers who are determined to fight for share in China, the ability to play a long game. Kia (000270.KS) is to enter China's EV market with its first EV, the EV6 crossover, via imports in August. "The German brands benefit from significant global scale," said He Lei, CEO of Chinese EV trading platform xChuxing.

Persons: Aly, Yale Zhang, Ralf Brandstatter, We've, Mary Barra, Tu Le, Yang Honghai, Kia, Mercedes Benz, Volkswagen's Audi, Lei, It's, Bill Russo, Automobility, Zhang Yan, Brenda Goh, Kevin Krolicki Organizations: Audi, Volkswagen, Auto, REUTERS, General Motors, Toyota, China Association of Automobile Manufacturers, Global, BMW, Mitsubishi, Automotive Foresight, GM, Reuters Graphics Volkswagen, BYD, China's Xpeng, HK, SAIC, VW, Buick, Chevrolet, Cadillac, CHINA EV INC, Tesla, China EV Inc, Volkswagen's, EV, Mitsubishi Motors, Nissan, Ford, Renault, Thomson Locations: Auto Shanghai, Shanghai, China, SHANGHAI, CHINA, Kia China, KS

[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.

Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's

☆ Tesla, ABB, TSMC get Q2 earnings off to downbeat start
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +4 min

The news cast a pall over stocks as second-quarter earnings season ramps up. ABB said its orders in China, its second-biggest market, fell 9% in the three months to the end of June, with its electrification, motion and robotics divisions all seeing lower demand. Analysts have warned easing input costs will put pressure on companies to start cutting prices, or they may lose business. Swedish hygiene product maker Essity's (ESSITYa.ST) second-quarter earnings missed market expectations, hit by wage inflation, bigger marketing costs in its consumer goods unit, and lower volumes after price hikes. Investors punished the companies' shares.

Persons: TSMC, Elon Musk, Aly, Musk, Electrolux, Josephine Mason, Sharon Singleton Organizations: ABB, LONDON, Nasdaq, Shanghai, REUTERS, Europe's, Investors, Netflix, Revenue, Reuters, Thomson Locations: China, Germany, Shanghai, Europe, lockdowns, United States

A global pattern of heat waves that have scorched parts of Europe, Asia and the United States this week have thrown that challenge into sharp relief. The World Meteorological Organization warned on Tuesday of increased risk of deaths linked to excessively high temperatures. In South Korea, deluges of rain have pummelled central and southern regions since last week. In recent days, temperatures in Xinjiang and other parts of Asia, as well as Europe and the United States have shattered records. On Tuesday, Beijing logged its 27th day of temperatures of more than 35C, setting a new local record for the most number of high-temperature days in a year.

Persons: Aly, Kerry, John Kerry, Hawaii's Big, Storm Calvin, Yoon Suk Yeol, Han Duck, ” Han, Han Zheng, Han, Wang Yi, Premier Li Qiang, Xie Zhenhua, Ryan Woo, Valerie Vocovici, Hyonhee, John Geddie, Stephen Coates Organizations: heatwave, REUTERS, Hawaii U.S, World Meteorological Organization, National Weather Service, Meteorological, Premier, Thomson Locations: Shanghai, China, South Korea, Greece, Hawaii, Beijing, BEIJING, SEOUL, Athens, U.S, Europe, Asia, United States, Cheongju, North Gyeongsang, Seoul, China's, Xinjiang, Turpan, Taiwan, Dubai

☆ 15-Year vs. 30-Year Mortgage: How Do You Choose?
▼ + stars: | 2023-07-16 | by ( Aly J. Yale | ) www.wsj.com time to read: +8 min

15-year mortgage rates vs. 30-year mortgage ratesHowever, mortgage rates vary by term length, too. Pros and cons of a 15-year mortgageA 15-year mortgage has some perks. “A 15-year mortgage would be ill-advised if a customer is tight on their budget,” says Chuck Meier, mortgage director at Sunrise Banks. “You can make the 15-year payment on a monthly basis, receiving the benefits of a 15-year mortgage,” Lindner says. “If the higher payment becomes a challenge, you can revert to the lower 30-year mortgage payment.”

Persons: Aly J, Freddie Mac, Melissa Cohn, you’re, ”, Chuck Meier, ” Cohn, Scott Lindner, ” Lindner Organizations: Yale, it’s, PMI, William, Sunrise Banks, TD Bank Locations: —

☆ Tesla's Shanghai factory workers welcome bonus increase after record deliveries
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File PhotoSHANGHAI, July 14 (Reuters) - Several workers at Tesla's (TSLA.O) Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonuses. Three workers told Reuters that they had received bonuses of 1.5 times of monthly base salary for the second quarter. This was higher than the quarterly bonuses - 1.2 times the monthly salary - that the majority of workers used to receive for average performance, the workers said. One of the workers said that his performance bonus had doubled this month on the first quarter, when it was cut to 0.785 times the month salary. But the move comes after Tesla delivered 247,000 units of China-made electric vehicles in the second quarter, the highest level since its Shanghai plant opened.

Persons: Aly, Elon Musk, Tesla, Musk, Zhang Yan, Brenda Goh, Zhuzhu Cui, Louise Heavens Organizations: REUTERS, U.S, Reuters, Thomson Locations: Shanghai, China, SHANGHAI, Tesla's

REUTERS/Aly Song/File PhotoJuly 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The one percentage point fall in June headline consumer price inflation to 3.0% strengthened hopes that the U.S. economy is heading for a 'soft landing', boosting risk appetite and, more importantly for emerging markets, slamming the dollar. The yen has risen five days in a row, its longest winning streak against the dollar since November. That would be the biggest fall in exports since January - economists at SocGen are penciling in a 15.7% crash. Here are key developments that could provide more direction to markets on Thursday:- South Korea interest rate decision- China trade (June)- Thailand parliament elects new prime ministerBy Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Jamie McGeever, BOK, Josie Kao Organizations: Shanghai Stock Exchange, REUTERS, Asia FX, South Korean, Bank of, Thomson, Reuters Locations: Pudong, Shanghai, China, U.S, Asia, Pacific, Zealand, SocGen, Korea, Thailand

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

☆ Analysis: China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

[1/3] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. New rules Chinese firms have to comply with range from algorithm vetting to accepting security reviews of data they want to export. They definitely stifle the innovation and slow down the ability of Chinese firms to catch up." A key motivation behind China's reluctance to release AI chatbots is that Beijing fears uncensored chatbots may start influencing societal views in potentially subversive directions, said Mark Natkin, managing director of research firm Marbridge Consulting. "While the U.S. is racing ahead with AI, China is hitting the brakes with more rules."

Persons: Aly, HONG KONG, OpenAI's ChatGPT, Henry Gao, Ernie Bot, Robin Li, Shi, Mark Natkin, Heatherm Huang, Bard, Microsoft's Bing, Xi Jinping, Baidu, Josh Ye, Brenda Goh, Jamie Freed Organizations: Artificial Intelligence, REUTERS, China, Baidu, HK, Ant Group, Western, Singapore Management University, Microsoft, SenseChat, Nomura, Marbridge Consulting, Huawei Technologies, Thomson Locations: Shanghai, China, HONG, Beijing, Alibaba, Tencent, Hong Kong, U.S

☆ China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

☆ Geely, Renault strike deal to develop gasoline engines, hybrid technology
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly SongJuly 11 (Reuters) - China's Geely Automobile Holdings (0175.HK) and French car maker Renault SA (RENA.PA) on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles. The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added. Saudi Aramco (2222.SE), which signed a letter of intent with Renault and Geely in March, is evaluating a strategic investment in the new company, Renault said. Big oil firms have worked with automakers to develop sustainable fuels and hydrogen engines in recent years.

Persons: Aly Song, Eric Li, Harish Sridharan, Nivedita Bhattacharjee, Eileen Soreng Organizations: REUTERS, Geely Automobile Holdings, HK, Renault SA, Geely Holding, Renault, Volvo, Proton, Nissan, Mitsubishi Motors, Torino, JV, Reuters, Saudi Aramco, Geely, Aramco, Thomson Locations: Shanghai, China, Saudi, Bengaluru

☆ Nassar, disgraced doctor who abused US gymnasts, is stabbed in prison
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

July 10 (Reuters) - Larry Nassar, the disgraced doctor of USA Gymnastics who was convicted of sexually abusing young female gymnasts, has been stabbed multiple times by another inmate in prison and was in stable condition on Monday, U.S. media reported. Since the Nassar scandal, USA Gymnastics has overhauled its leadership and filed for bankruptcy, saying at the time it was staggering under the weight of lawsuits filed by hundreds of women who were sexually abused by the former team doctor. USA Gymnastics and the U.S. Olympic & Paralympic Committee reached a $380 million settlement. In September 2021, Biles and Maroney were among the high profile Olympic gymnasts who gave heart-wrenching testimony before a U.S. Senate panel about the sexual abuse they endured for years under Nassar's care. At that hearing, the gymnasts blasted the FBI for its mishandling of the investigation, with Biles accusing the bureau of turning a blind eye to all of Nassar's victims.

Persons: Larry Nassar, Penitentiary Coleman, Benjamin O'Cone, O'Cone, Nassar, Joe Rojas, Rebecca Cook, Simone Biles, Aly Raisman, McKayla Maroney, unflinchingly, General Michael Horowitz, Biles, Maroney, Rami Ayyub, Frank Pingue, Doina Chiacu, Alistair Bell Organizations: USA Gymnastics, Federal Bureau of Prisons, U.S, Penitentiary, FBI, CNN, Associated Press, USA, REUTERS, Michigan State University, Olympic, Paralympic, Senate, Biles, Thomson Locations: Florida, Eaton, Charlotte , Michigan, U.S

☆ Chipmaker Micron beats revenue estimates on demand from booming AI
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File PhotoJune 28 (Reuters) - Micron Technology (MU.O) beat analysts' estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector. The company reported revenue of $3.75 billion for the quarter ended May 31, compared with estimates of $3.65 billion, according to IBES data from Refinitiv. Micron forecast fourth-quarter revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, largely in line with expectations. The company, which makes DRAM and NAND flash memory chips, reported a net loss of $1.9 billion, compared with a profit of $2.63 billion a year earlier.

Persons: Aly, OpenAI's, Akash Sriram, Sriraj Organizations: Micron Technology Inc, REUTERS, Micron Technology, Refinitiv, Micron, Thomson Locations: Shanghai, China, Bengaluru

☆ Chipmaker Micron tops revenue estimates on demand from booming AI
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File PhotoJune 28 (Reuters) - Micron Technology (MU.O) beat analysts' estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector. Micron reported revenue of $3.75 billion for the quarter ended May 31, compared with estimates of $3.65 billion, according to IBES data from Refinitiv. Micron, the biggest U.S. memory chipmaker, has said that it expects the ban to impact about half of its revenue from China-headquartered firms, which equates to a low-double-digit percentage of total revenue. Micron fourth-quarter revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, largely in line with expectations.

Persons: Aly, Sanjay Mehrotra, OpenAI's, Akash Sriram, Sriraj Organizations: Micron Technology Inc, REUTERS, Micron Technology, Micron, U.S ., Thomson Locations: Shanghai, China, U.S, Bengaluru

☆ Analysis: Investors shelve China assets before bigger stimulus
▼ + stars: | 2023-06-23 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

[1/2] A view of the city skyline, ahead of the annual National People's Congress (NPC), in Shanghai, China February 24, 2022. A global fund manager survey by BofA Securities showed shorting Chinese stocks was the second-most "crowded" trade in June, after going long on big tech. "I can't believe that there is anymore bad news to absorb," said Andy Maynard, head of equities at China Renaissance. Restoring confidence is looking increasingly like a long-term project and investors are positioning for a longer game and a slower rebound. "We are all looking for something a bit more decisive in helping to restore animal spirits, investor confidence and market confidence, and I think that hope may be still at risk of being disappointed."

Persons: Aly, Morgan Stanley, Hong, Dong Chen, Andy Maynard, Morgan, James Liu, Guan Yi, Summer Zhen, Jason Xue, Tom Westbrook, Jacqueline Wong Organizations: National People's Congress, REUTERS, BofA Securities, Pictet Wealth Management, China, Reuters, G Investments, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Asia, Singapore, Hong Kong, Pacific

☆ Shanghai’s ‘voguing’ dancers step lightly to avoid official gaze
▼ + stars: | 2023-06-22 | by ( Aly Song | ) www.reuters.com time to read: 1 min

"I think the biggest difference in voguing is that you need to dance your own self, the deepest you want to express," said Sui Kawakubo, a member of the Kiki House of Kawakubo, one of the city's key voguing "families", as they describe themselves. Voguing is a dance style characterised by staccato hand motions and angular arm and body postures punctuated by brief pauses, much in the manner of a model posing for photographs. "I wouldn't say voguing has made me an extrovert, but it allows a new me to emerge," added Kawakubo, a self-proclaimed introvert who uses a stage name chosen as a tribute to Japanese fashion designer Rei Kawakubo to protect his privacy.

Persons: Sui Kawakubo, Kiki, voguing, introvert, Rei Kawakubo

☆ Blinken says he failed to revive military-to-military talks with China
▼ + stars: | 2023-06-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Aly Song | ReutersBEIJING — U.S. Secretary of State Antony Blinken said Monday he failed to revive military-to-military talks with China, despite earlier hopes of reopening that communication channel. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. Blinken told NBC News on Monday that the spy balloon "chapter should be closed." "I think it's absolutely vital that we have these kinds of communications, military to military," Blinken said. The U.S. shot down the alleged Chinese spy balloon in February.

Persons: Biden, —, Aly Song, Antony Blinken, Xi Jinping, Central Foreign Affairs Office Wang Yi, Qin Gang, Blinken Organizations: Reuters, Reuters BEIJING —, China's Defense, U.S, Communist, Central Foreign Affairs Office, NBC, Pacific Command Locations: Beijing, China, Reuters BEIJING, Reuters BEIJING — U.S, Singapore, U.S, Taiwan Strait, Taiwan

☆ US lawmakers to press automakers to cut reliance on China over supply chains- Bloomberg
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] The GM logo is seen on the China Headquarters in Shanghai, China, August 29, 2022. REUTERS/Aly SongWASHINGTON, June 19 (Reuters) - A bipartisan group of U.S. lawmakers will travel to Detroit on Tuesday to press the heads of automakers Ford Motor (F.N) and General Motors (GM.N) to slash reliance on China over supply chains, particularly when it comes to electric vehicle batteries, Bloomberg reported. The four lawmakers - Republicans Mike Gallagher and John Moolenaar, and Democrats Raja Krishnamoorthi and Haley Stevens - are part of the newly formed House of Representatives China Select Committee. They will argue that dependence on China over supply chains undercuts U.S. firms, Bloomberg reported on Monday, citing a source familiar with the matter, adding the lawmakers would meet Ford CEO Jim Farley and GM CEO Mary Barra, among other executives. Reporting by Kanishka Singh in Washington; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly Song WASHINGTON, Mike Gallagher, John Moolenaar, Raja Krishnamoorthi, Haley Stevens, Jim Farley, Mary Barra, Antony Blinken, Xi Jinping, Kanishka Singh, Sandra Maler Organizations: REUTERS, Ford Motor, General Motors, Bloomberg, China, Ford, U.S, Thomson Locations: China, Shanghai, U.S, Detroit, Beijing, Washington

☆ Japan increases support for domestic EV battery output
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

The move shows Tokyo is confident about ramping up battery production support after the United States and Japan struck a deal on electric vehicle (EV) battery minerals in March that is key to giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The government will support Toyota for up to 117.8 billion yen ($841 million) in subsidies for its investment in EV battery production, Nishimura said, adding he hoped it would strengthen Japan's storage battery supply chain. Japan has designated batteries for energy storage, including car batteries, as important under an economic security law. It had announced 184.6 billion yen in support for storage battery-related proposals at that time. Friday's announcement of 127.6 billion yen in subsidies brought the total so far to 312.2 billion yen.

Persons: Aly, Industry Yasutoshi Nishimura, Nishimura, METI, Japan's, David Dolan, Daniel Leussink, Hugh Lawson, Sonali Paul, David Evans Organizations: Auto Shanghai, REUTERS, Toyota, EV, Economy, Trade, Industry, Union, Toyota Industries, Honda, Thomson Locations: Shanghai, China, TOKYO, Japan, Tokyo, United States, U.S

☆ How to Find a Real Estate Agent
▼ + stars: | 2023-06-14 | by ( Aly J. Yale | ) www.wsj.com time to read: +15 min

According to the Association of Real Estate License Law Officials, more than three million people hold active real estate licenses in the U.S. That’s a lot of people with a range of experience and expertise. That’d be “knowledge,” says Philip Hordijk, founder of real-estate brokerage Leven Real Estate. A note of caution: Think hard before choosing a friend or family member to help with a real estate transaction. Search online directories—with careThere are plenty of third-party real estate sites that offer agent directories, too, including Realtor.com and Zillow. Real-estate broker vs. agentThere is also a differentiation between a real-estate agent and a real-estate broker.

Persons: Aly J, ”, Jonathan Rundlett, “, Philip Hordijk, Kimberly Jay, I’m, ” Jay, Jeremy Kamm, ” Kamm, —, Jesse Sheldon, don’t, ” Hordijk, Christian Ross, Völkers, Desiree Avila, Charles Rutenberg, Johnny, you’re, ” Ross, Bret Weinstein, ” You’ll, you’ve, Sellers, Hordijk Organizations: Yale, Association of Real, License, National Association of Realtors, Compass, Real, Engel, Exxon Mobil, Houston Association of Realtors, NAR, News Corp, Street, Realtors Locations: U.S, Leven Real Estate, New York, New York City, Seattle, Fort Lauderdale, Avila, Houston, Denver, In Texas

June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.

Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru

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