SHANGHAI (Reuters) -BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020 in a further sign that the Chinese EV giant is putting the brakes on its massive years-long expansion. The world's biggest EV producer made 353,090 electric vehicles and plug-in hybrids (PHEV) globally last month, down 3.78% from a year earlier,...

WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, even as Indian Prime Minister Narendra Modi was making public shows of solidarity with Chinese and Russian leaders in the face of trade pressure from Washington. While calling the U.S. relationship with India one sided, Trump wrote on...

HONG KONG (Reuters) -Shares in electric vehicle maker BYD slid on Monday after it reported quarterly profit fell for the first time in more than three years, with analysts saying its competitive advantage was being eroded by Chinese government efforts to stop a price war. Net profit at the world's biggest EV producer tumbled 30% in the second quarter to...

Sept 1 (Reuters) - Hong Kong property developer New World Development ( NWWDF ) confirmed on Monday that it is in discussions about a loan facility led by Deutsche Bank AG , but denied receiving any other funding proposals. Bloomberg News reported earlier, citing unnamed sources, that Hong Kong tycoon Henry Cheng's family was weighing a HK$10 billion ($1.28 billion)...