BEIJING (Reuters) – A joint venture of Shell and CNOOC plans to expand its petrochemical facility in south China’s Guangdong province in a project targeted for completion in 2028, it said on Wednesday. CSPC, or CNOOC and Shell Petrochemicals Co, will add a third ethylene cracker with a production capacity of 1.6 million metric tons …
Shell-CNOOC joint venture to expand south China petrochemical complex Read More »
By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian tankers, though gains were capped as the market awaited more clarity on their impact. Brent crude futures edged up 11 cents, or 0.1%, …
Oil inches up, but uncertainty over sanctions impact caps gains Read More »
By Panarat Thepgumpanat BANGKOK (Reuters) – Chinese authorities have asked Thailand to inspect dozens of factories before opening negotiations to lift a ban imposed last month on sugar syrup and premixed powder exports from the Southeast Asia nation, Thai officials said. Thailand, the world’s second-largest sugar exporter, was China’s main supplier of liquid sugar last …
Thailand seeks negotiations with China to lift syrup imports ban Read More »
By Kentaro Sugiyama TOKYO (Reuters) -The Bank of Japan will raise interest rates and adjust the degree of monetary support if improvements in the economy and price conditions continue, Governor Kazuo Ueda said on Wednesday. The new U.S. administration’s economic policy and momentum of this year’s wage negotiations in Japan are key in deciding the …
BOJ will raise rates if economy, price conditions continue to improve, Ueda says Read More »
JAKARTA (Reuters) – Indonesia reported a $2.24 billion trade surplus in December, below expectation, amid a jump in imports and a smaller-than-expected increase in exports, official data showed on Wednesday. A Reuters poll had expected a surplus of $3.79 billion. November’s surplus was revised down to $4.37 billion. The data comes as Indonesia’s central bank …
Indonesia books $2.2 billion surplus in December as imports jump Read More »
By Florence Tan SINGAPORE (Reuters) – Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia’s fleet and traders’ demand for ships to load Middle East oil for Asia, industry sources said on Wednesday. On Tuesday, Shell booked three Very Large Crude Carriers, capable …
Tanker rates extend rally on sanctions, demand to load Mideast oil Read More »
BEIJING (Reuters) – China’s state planner pledged to crack down on black and grey industries that illegally obtain, sell or provide data, according to regulations published on Wednesday intended to improve data circulation security governance. As part of efforts to prevent data misuse, the authorities urged strengthening data security risk monitoring in key industries and …
China vows crackdown on illegal handling of data Read More »
SEOUL (Reuters) – South Korea’s capital markets in December experienced the largest foreign outflows since March 2020 as heightened political uncertainty hit investor sentiment, central bank data showed on Wednesday. Foreigners last month extended their South Korean stock market selloff to a fourth straight month by selling a net $2.58 billion. In the bond market, …
Foreigners sold South Korean equities last month by most since early 2020 Read More »
By Clare Jim HONG KONG (Reuters) -Country Garden, once China’s biggest developer and now facing a liquidation lawsuit, reported steep losses on Tuesday in its long-overdue 2023 and interim 2024 financial results, hurt by large provisions amid a prolonged property sector crisis. Government figures show property sales in China shrank almost 50% over the past …
Country Garden overdue results show steep losses amid sector’s sales slump Read More »
By David Shepardson and Jasper Ward (Reuters) – TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the company’s leadership said in an internal memo reviewed by Reuters on Tuesday. The hugely …
TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline Read More »
