Government, Business, Logistics

Thousands of Frozen Meat Containers Pile Up at Chinese Ports

Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said.

February 18, 2020
Business, Logistics

Coronavirus Is Wreaking Havoc on Global Mail Delivery

In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.

February 13, 2020
Business

Volvo Cars Owner Plots Merger That Puts Listing Back in Play

Volvo Cars owner Li Shufu set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.

February 10, 2020
Government, Business

China to Halve Tariffs on $75B of US Goods

China will halve tariffs on some $75 billion of imports from the United States later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal.

February 6, 2020
Business

China Plant-Closing Cascade May Cost Automakers 1.7 Million Cars

Forget about clinging to hopes that China, the world’s largest car market, will recover from its unprecedented two-year slump anytime soon.

February 3, 2020
Business

Toyota Halts Operations in China

Toyota Motor Corp. is halting production in China and other companies suspended operations or asked employees to work from home as they grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market.

January 29, 2020
Business, Equipment

BorgWarner to Buy Delphi for $1.5B in Auto Parts Deal

BorgWarner Inc. agreed to acquire Delphi Technologies for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.

January 28, 2020
Government, Business

Honda, Others Evacuate Workers as Coronavirus Takes Its Toll on Industry

Global companies including Honda Motor Co. and Groupe PSA are evacuating workers from areas of China hardest hit by a deadly viral outbreak.

January 27, 2020
Government, Business

China’s Wider Fight With US Is Only Just Beginning After Trade Deal

In a letter read out during the Jan. 15 trade deal signing at the White House, Chinese leader Xi Jinping asked U.S. President Donald Trump to take steps to “enhance mutual trust and cooperation between us.”

January 17, 2020
Government, Business, Fuel

China to Buy $52 Billion of Additional US Energy Products

China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.

January 15, 2020