SHANGHAI, Nov 27 (Reuters) - Chinese smartphone giant Xiaomi Corp (1810.HK) will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday.

BEIJING, Nov 29 (Reuters) - China's factory activity is likely to have shrunk at a slower pace in November, as supply snags and power cuts eased, a Reuters poll showed, but persistent softness in the manufacturing sector points to a further slowing of the economy.

TOKYO, Nov 29 (Reuters) - Oil prices rose on Monday, recouping some losses after Friday's plunge of about $10 a barrel, as investors looked for bargains but remained cautious with the focus on the Omicron coronavirus variant and Iran nuclear deal negotiations.

TOKYO, Nov 29 (Reuters) - Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids.

SYDNEY, Nov 29 (Reuters) - Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant would really derail economic recoveries and the tightening plans of some central banks.

SYDNEY, Nov 26 (Reuters) - Stocks fell and headed for their largest weekly drop in nearly two months on Friday, while safe haven assets such as bonds and the yen rallied as a new virus variant added to swirling concerns about future growth and higher U.S. interest rates.