SINGAPORE (Reuters) – German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract. ENN will supply the fuel to BASF’s integrated chemicals complex in Zhanjiang in Guangdong province, BASF said in a brief statement posted on its WeChat platform, …
BASF agrees 15-year gas supply deal with China’s ENN Read More »
By Gaurav Dogra (Reuters) – Asian stocks saw robust demand from overseas investors in March, marking their best quarter for foreign inflows in over three years, amid prospects of accommodative monetary policies from major central banks and positive Chinese economic indicators. Data from stock exchanges across India, South Korea, Taiwan, Indonesia, the Philippines, Thailand, and …
Foreign inflows in Asian stocks surge in March on rate cut prospects, China data Read More »
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, said on Friday it expected a rise in second quarter revenue after the previous quarter underperformed market expectations. The first quarter is traditionally quieter than the previous one, the season when Taiwan’s tech companies race to supply …
Apple supplier Foxconn sees growth in Q2 after dip in Q1 revenue Read More »
By Leika Kihara and Yukiko Toyoda TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Friday authorities will use “all available means” to deal with excessive yen falls, stressing Tokyo’s readiness to intervene in the market to prop up the currency. “It’s important for currency rates to move stably reflecting fundamentals. Excessive volatility is undesirable,” …
Japan warns against excessive yen moves, repeats verbal intervention Read More »
TOKYO (Reuters) -The Bank of Japan will hold a workshop next month that wraps up a year-long review looking at the benefits and drawbacks of the many unconventional monetary easing tools used during its 25-year history battling deflation. The workshop, to be held on May 21, will gather central bank officials, academics and private economists …
BOJ to wrap up its review of past unconventional stimulus in May Read More »
By Nora Buli OSLO (Reuters) – Ingka, which owns the majority of IKEA stores worldwide, is seeking its first renewable investment opportunities in South Korea and Japan, with offshore wind the most promising option, the head of its investment arm said. Ingka Investments has rapidly grown into a major owner of renewable energy assets in …
IKEA stores owner Ingka seeks green energy expansion in S.Korea, Japan Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could “respond with monetary policy” if yen declines affect the country’s inflation and wages in ways that are hard to ignore, the Asahi newspaper reported on Friday. Ueda also said inflation will likely accelerate “from summer towards autumn” as this …
BOJ’s Ueda signals chance of rate hike if yen moves affect prices, Asahi reports Read More »
(Reuters) – Jefferies Financial will strengthen its presence in Canada through an expanded partnership with Japan’s Sumitomo Mitsui Banking Corp (SMBC), as it looks to tap into the dealmaking market in the country. The companies said on Thursday they have worked together on cross-border mergers and acquisitions, healthcare and leveraged finance since 2021. U.S. investment …
Jefferies and Japan’s Sumitomo expand alliance into Canada Read More »
By Karen Freifeld NEW YORK (Reuters) -The U.S. Justice Department’s long-running criminal case accusing China’s Huawei of misleading banks about the tech company’s business in Iran, among other charges, is heading toward a January 2026 trial. At a status conference on Thursday in Brooklyn, New York, Assistant U.S. Attorney Alexander Solomon told U.S. District Judge …
US criminal case against China’s Huawei heads toward 2026 trial Read More »
By Karen Freifeld, Alexandra Alper and Toby Sterling WASHINGTON (Reuters) -President Joe Biden’s administration plans to press the Netherlands next week to stop its top chipmaking equipment maker ASML from servicing some tools in China, two people familiar with the matter said, as the U.S. leans on allies in its bid to hobble Beijing’s tech …
Exclusive-Targeting Chinese chips, US to push Dutch on ASML service contracts Read More »
