BEIJING (Reuters) -China’s aviation fuel consumption is likely to expand 13.1% this year on a surge in passenger travel, but its crude oil imports may stay flat, according to forecasts by a research arm of state energy giant China National Petroleum Corp (CNPC). Aviation fuel consumption may hit 39.3 million metric tons this year, and …
China’s aviation fuel demand expected to rise 13% in 2024 – CNPC research Read More »
BEIJING (Reuters) -Chinese electric vehicle giant BYD on Wednesday unveiled lower-priced new versions of Han sedans and Tang SUVs in its Dynasty line-up. The newly launched Han sedans, coming in both plug-in hybrid and pure EV, and Tang hybrid SUV, go for a starting price of 10.35% to 14.3% lower than their previous versions, Reuters …
BYD offers lower-priced new versions of Han, Tang models in Dynasty line-up Read More »
By Lisa Barrington and Joyce Lee SEOUL (Reuters) – The sale of Asiana Airlines’ cargo business has attracted offers from four South Korean low-cost carriers, a source with knowledge of the matter said on Wednesday. Jeju Air, Eastar Jet, Air Premia and Air Incheon all submitted non-binding bids, the source said. Korean Air, South Korea’s …
South Korean budget airlines submit bids for Asiana cargo unit, source says Read More »
By Daniel Leussink and Tetsushi Kajimoto TOKYO (Reuters) -Toyota Motor did not respond to a trade union’s wage demands in a second round of pay talks held on Wednesday, a senior union official said, keeping investors guessing about the outcome of closely-watched annual wage talks due on March 13. For the past two years the …
Toyota gives no answer to union demands at second round of wage talks Read More »
JAKARTA (Reuters) – Indonesian tech firm GoTo and Chinese-owned partner TikTok will be wholly compliant in a month and a half with the Southeast Asian nation’s regulation that bans in-app transactions on social media, GoTo’s CEO said on Wednesday. Short video app TikTok acquired in December majority shares in GoTo’s e-commerce unit Tokopedia after the …
GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO Read More »
By Scott Murdoch, Clare Jim and Xie Yu (Reuters) – Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing’s effort to restore confidence in the property sector. Country Garden said in a regulatory filing …
Country Garden liquidation petition adds to China’s property woes Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s market watchdog chief warned that companies could face penalties for failing to boost shareholder returns in the long run, signalling a tougher approach after a reform package to spur voluntary efforts was met with market disappointment. “Authorities are discussing various measures to deal with firms failing to meet …
S.Korea considering penalties on firms failing to boost shareholder return Read More »
By Xie Yu HONG KONG (Reuters) -Chinese developer Country Garden said on Wednesday a liquidation petition has been filed against it for non-payment of a $205 million loan, clouding its debt revamp prospects and undermining Beijing’s effort to restore confidence in the property sector. Country Garden said in a regulatory filing it would “resolutely” oppose …
Explainer-Country Garden: How bad are its debt problems? Read More »
By Marcela Ayres, Andrea Shalal and Christian Kraemer SAO PAULO (Reuters) -Group of 20 finance leaders meeting in Brazil this week are expected to make only a passing reference in their closing statement to regional conflicts, according to a draft version seen by Reuters, due to deep divisions over wars in Gaza and Ukraine. The …
G20 to mention regional ‘conflicts’ in tight draft statement Read More »
(Reuters) – Japan’s Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump. The layoffs will affect about 8% of the division’s staff in regions from the Americas to Asia and come days after …
Sony to lay off 900 PlayStation employees, shut London studio Read More »
