Reuters Asia Business

By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -Chinese soybean importers have stepped up purchases of Brazilian cargoes in recent days as South American prices eased on expectations a U.S.-China trade deal will lead to a resumption of U.S. sales to the world’s largest soybean importer. Buyers have booked 10 cargoes of Brazilian soybeans for …

Chinese buyers purchase Brazilian soybeans as prices ease over US-China trade thaw Read More »

BEIJING (Reuters) -Curtailment of renewable energy flows to balance China’s grid at times of high supply or low demand will present risks to investor revenue over the next 10 years, consultancy Wood Mackenzie said in a new report on Monday. Solar curtailment rates are forecast to average more than 5% in 21 provinces over the …

China’s renewable curtailment to present revenue risks in next decade, Wood Mackenzie says Read More »

SEOUL (Reuters) -South Korea’s Samsung SDI has reached an agreement with Tesla to supply more than 3 trillion won ($2.11 billion) worth of ESS (Energy Storage System) batteries to Tesla over three years, the Korea Economic Daily reported on Monday. The newspaper cited an unnamed source in the battery industry. Samsung SDI said nothing had …

Tesla to buy $2 billion of ESS batteries from Samsung SDI over 3 years, newspaper says Read More »

ASHGABAT (Reuters) -Japan’s Mitsubishi has begun construction on a large urea plant in Turkmenistan, estimated to cost over $1.3 billion, a source in the Turkmen chemical industry told Reuters on Monday. Construction of the plant at Kiyanly, on the Caspian Sea coast in the country’s far west, is scheduled for completion in 2028-2029, the source …

Mitsubishi to build $1.3 billion urea plant in Turkmenistan, source says Read More »

BEIJING (Reuters) -China’s Ministry of Finance set up a new debt-management department, it said on Monday, the latest step in its effort to rein in local debt risks as the economy slows. The department’s main responsibilities will include formulating and implementing systems and policies for managing central and local government debt, as well as drafting …

China’s finance ministry sets up new debt management department Read More »

JAKARTA (Reuters) -Indonesia recorded a trade surplus of $4.34 billion in September, official data showed on Monday, lower than the $4.79 billion forecast by economists in a Reuters poll, as both exports and imports came in above market expectations Imports rose by 7.17% from a year earlier to $20.34 billion in September, beating economists’ expectations of …

Indonesia imports rise stronger-than-expected 7.17% y/y in September, data shows Read More »