BANGKOK (Reuters) -Thailand’s exports are likely to expand as much as 10.5% this year, up sharply from a previous forecast of 2% to 3%, driven by shipments of low-value goods and gold, a leading business group said on Wednesday, The Joint Standing Committee on Commerce, Industry and Banking said exports would grow between 9.5% and …
Thai business group sees export growth as high as 10.5% this year Read More »
By Francesco Guarascio HANOI (Reuters) -Two days after Vietnam’s top leader called on local private companies to help build infrastructure, listed conglomerate Vingroup stepped forward to develop a $70 billion nationwide high-speed railway and build the trains to run on it. Communist Party leader To Lam’s request was part of a broader call for a …
Analysis-Vietnam’s push for ‘chip-to-ship’ conglomerates raises red flags Read More »
(Corrects paragraph 1 to say Wednesday, not Monday) (Reuters) -Singapore’s CapitaLand Investment said on Wednesday it closed its value-add lodging private fund with $650 million in total commitments, exceeding its target by $50 million, reflecting strong investor confidence in housing and lodging in the Asia Pacific. The CapitaLand Ascott Residence Asia Fund II (CLARA II) …
Singapore’s CapitaLand Investment exceeds target with $650 million for lodging fund Read More »
TOKYO (Reuters) -Japanese trading house Itochu posted on Wednesday a 500.3 billion yen ($3.32 billion) net profit in the six months ended September, up 14% from the same period a year ago. Itochu, active in everything from commodities trading to food businesses, kept its net profit forecast for the full fiscal year unchanged at 900 …
Japan’s Itochu posts 14% rise in half-year net profit Read More »
TOKYO (Reuters) -Japanese trading house Mitsui said on Wednesday it was raising its annual profit forecast by 6% due to an improved performance from its liquefied natural gas and mineral and metal resources businesses. It now expects a net profit of 820 billion yen ($5.4 billion) for the year ending in March, though that still …
Japan’s Mitsui lifts full-year profit forecast by 6% Read More »
By Maki Shiraki TOKYO (Reuters) -Nissan Motor will cut production of its top-selling Rogue SUV in Japan from next week due to a short supply of chips from Dutch firm Nexperia, according to a person familiar with the matter, the latest fallout from the diplomatic turmoil involving the chipmaker. Nissan plans to cut output of …
Exclusive-Nissan to cut Rogue production in Japan over Nexperia fallout, source says Read More »
By Mikhail Flores and Karen Lema MANILA (Reuters) -Philippine inflation stayed below the central bank’s target for the eighth straight month in October, giving it leeway to lower interest rates again next month to support economic growth. Annual inflation held steady at 1.7% in October, as slower increases in the cost of food and transport …
Subdued Philippine inflation leaves door open for December rate cut Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s services activity expanded in October but at its slowest pace in three months, as a decline in overseas orders offset the boost from improved domestic demand, a private survey released on Wednesday showed. The RatingDog China General Services PMI, compiled by S&P Global, slipped to 52.6 …
China’s services growth hits three-month low in October, PMI shows Read More »
(Reuters) -Shares of Chinese electric vehicle maker Seres Group, the EV partner of technology firm Huawei, fell almost 2% in the company’s Hong Kong Stock Exchange debut on Wednesday after it raised $1.84 billion in a listing. Seres Group, already listed in Shanghai, sold 108.6 million shares at HK$131.50 each in the deal where the …
Huawei’s Chinese EV partner Seres’ shares fall nearly 2% in Hong Kong trading debut Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -U.S. ocean shipping company Matson has paid $6.4 million in port fees to China since they were implemented on October 14, CEO Matt Cox said on Tuesday. President Donald Trump and President Xi Jinping last week agreed to put those tit-for-tat levies on pause for 12 months, starting on …
Matson has paid $6.4 million in port fees to China since levies started in October Read More »
