KUALA LUMPUR, Dec 15 (Reuters) – EP Manufacturing Berhad (EPMB) said on Monday that it had signed a deal to assemble Chinese automaker Xpeng’s G6 and X9 electric vehicle models at its facilities in Malacca state. EPMB, a Malaysian manufacturer of auto components like plastic and aluminium body parts, said in a bourse filing that …
EPMB signs deal to assemble Xpeng’s G6 and X9 models in Malaysia Read More »
JAKARTA, Dec 15 (Reuters) – Vietnamese electric vehicle maker VinFast will increase its investment in Indonesia to up to $1 billion, its local unit chief executive told Reuters on Monday. The statement came after VinFast Indonesia inaugurated its first manufacturing plant in Indonesia on Monday with production capacity of 50,000 cars per year. “VinFast will …
VinFast will increase investment in Indonesia to up to $1 billion, executive says Read More »
ASTANA, Dec 15 (Reuters) – Kazakhstan’s energy minister, Yerlan Akkenzhenov, said on Monday that a ruling in an arbitration case involving an international consortium developing the Karachaganak oil and gas condensate field was expected before year-end. Speaking to reporters in the capital Astana, Akkenzhenov said: “There are arbitration proceedings regarding the Karachaganak project. We expect …
Kazakhstan sees arbitration ruling on Karachaganak before year-end Read More »
(Refiles to clarify in paragraph 1 that anime-themed entertainment is separate from Chinese brands) Dec 11 (Reuters) – Dubai’s Wafi Group has set up a joint venture with Adrian Cheng, the former CEO of Hong Kong developer New World Development, to bring anime-themed entertainment and Chinese brands to the Wafi City complex from next year. …
Adrian Cheng’s ALMAD to bring Chinese brands to Dubai’s Wafi City Read More »
By Leika Kihara TOKYO, Dec 15 (Reuters) – Big Japanese manufacturers’ business sentiment hit a four-year high in the three months to December, a closely watched survey showed on Monday, reinforcing market expectations the central bank will raise interest rates this week. But firms expect conditions to worsen three months ahead as they fret over …
Japan business mood hits 4-year high, keeps alive BOJ rate-hike view Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter China’s property sector is taking centre stage as traders kick off the last full trading week of the year, contending with a calendar strewn with risk events. No fewer than five G10 central bank decisions are due, alongside a slew …
Morning Bid: China’s property pain sours year-end mood Read More »
Dec 15 (Reuters) – Hong Kong’s Hang Seng Bank said on Monday an independent board committee found HSBC’s $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the proposal. Under the offer, HSBC is proposing to purchase 36.5% of shares in Hang Seng not already owned …
HSBC’s $13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod Read More »
By Liangping Gao and Liz Lee BEIJING, Dec 15 (Reuters) – China’s new home prices extended declines in November, official data showed on Monday, indicating that a recovery in demand remains elusive despite the government promising to stabilise the sector. Prices fell 0.4% month-on-month, according to Reuters calculations based on National Bureau of Statistics data, …
By Jessie Pang and James Pomfret HONG KONG, Dec 15 (Reuters) – Hong Kong media tycoon and pro-democracy activist Jimmy Lai was found guilty on Monday in his landmark security trial on charges of conspiracy to collude with foreign forces and sedition, which could mean life in prison. The 78-year-old Lai, founder of the pro-democracy …
Hong Kong’s legal clampdown on Jimmy Lai, tycoon and China critic Read More »
BEIJING, Dec 15 (Reuters) – China’s aluminium production rose by 2.5 % to 3.79 million metric tons in November from a year earlier, according to data released by the National Bureau of Statistics on Monday. In the first eleven months of the year, China produced 41.17 million metric tons, a rise of 2.5 % from …
China aluminium production up 2.5 % to 3.79 million metric tons in Nov – stats bureau Read More »
