By Colleen Howe BEIJING (Reuters) -Two of the world’s largest solar panel producers said they were suspending some production in Southeast Asia this week, after a U.S. tariff reprieve on solar panels from some Southeast Asian countries expired. China’s Long Green Energy Technology said on Friday that it had suspended production at a battery plant …
(Reuters) – Indonesia’s state-owned energy firm’s Pertamina Patra Niaga has issued its first spot purchase tender for sustainable aviation fuel delivering in August, three sources who received the document said on Friday. The oil major is looking to buy either 150 kilolitres (943 barrels) of neat sustainable aviation fuel via isotanks or 3,500 kilolitres of …
Pertamina issues first purchase tender for sustainable aviation fuel, sources say Read More »
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -A workers’ union at Samsung Electronics staged its first walkout on Friday, signalling more assertiveness among employees just as South Korea’s most powerful conglomerate races to catch up in chips used in artificial intelligence. The National Samsung Electronics Union (NSEU), whose roughly 28,000 members make up over …
Samsung Electronics union in South Korea stages first walkout Read More »
By Joe Cash BEIJING (Reuters) – China’s exports grew more quickly and for a second month in May, suggesting factory owners are managing to find buyers overseas and providing some relief to the economy as it battles to mount a durable recovery. The jury is still out, however, on whether the export sales are sustainable …
China’s exports rise solidly, but slower imports temper outlook Read More »
BEIJING (Reuters) – China’s new yuan loans likely rebounded in May from April, a Reuters poll showed on Friday, as the central bank told lenders to quicken bank lending to support the economy. Chinese banks are expected to have issued 1.255 trillion yuan ($173.92 billion) in new yuan loans last month, compared to 730 billion …
China’s May new yuan loans seen rebounding on policy support: Reuters poll Read More »
By Neil Jerome Morales MANILA (Reuters) – Shares in Citicore Renewable Energy Corp, one of the Philippines’ biggest solar power producers, closed flat in their market debut on Friday. Citicore raised 5.3 billion pesos ($90.58 million) in what was only the Philippines’ second listing this year, to finance new solar power plants and a battery …
Philippines Citicore shares end flat on debut, plans major expansion Read More »
TAIPEI (Reuters) – Taiwan’s exports rose less than expected in May, with surging demand for AI-related products blunted by soft demand from China Exports rose 3.5% from a year earlier to $37.36 billion, the finance ministry said in a statement on Friday. Though that was the seventh consecutive monthly rise, the pace was below both …
Taiwan May exports miss forecasts, soft China demand offsets AI momentum Read More »
HONG KONG (Reuters) – Embattled Country Garden said in a filing on Thursday the Hong Kong High Court had further adjourned a hearing of a petition seeking liquidation of the Chinese property developer to July 29. The company did not provide a reason for the delay. The hearing was originally adjourned to June 11 from …
Country Garden’s Hong Kong liquidation hearing further adjourned to July Read More »
(Reuters) – Chinese battery companies CATL and Gotion High Tech should be added immediately to an import ban list, a group of Republican lawmakers said, alleging their supply chains use forced labor, the Wall Street Journal reported on Thursday. The lawmakers called for CATL and Gotion, which have ties to Ford and Volkswagen, to be …
US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – The Japanese economy likely contracted at a slightly slower pace than initially reported in January-March due to upgrades to capital spending figures, a Reuters poll showed on Friday, although risks continue to cloud the outlook. Economists expect growth to return this quarter, helped by tax cuts and wage hikes, …
