MOSCOW (Reuters) – Three tankers with Russian Sokol oil that had been stranded at sea due to payment problems and Western sanctions have started to move towards China and India, data from Kpler and LSEG showed on Monday. The backlog of Sokol tankers has become the biggest disruptions to Russia’s oil trade since the West …
Some stranded Russian Sokol oil cargoes begin to move to China, India – data Read More »
(Reuters) – Currys shares soared on Monday after Chinese online retailer JD.com joined U.S. activist investor Elliott Advisors in a battle to buy the British home appliance and electronics retailer, which has already rebuffed Elliott’s 700 million pound ($881.79 million) opening bid. Below is a brief history and a snapshot of present operations of the …
Factbox-All about Currys, UK chain China’s JD.com and US fund Elliott vie for Read More »
By Sarah Young LONDON (Reuters) – Currys shares soared on Monday after Chinese online retailer JD.com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group, which has already rejected Elliott’s opening bid of $880 million. Currys stock jumped as much as 38% to 65 pence after JD.com confirmed it …
China’s JD.com versus US’s Elliott in battle for UK’s Currys Read More »
BEIJING (Reuters) -Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer-than-usual break, official data showed on Sunday. The data may offer temporary relief to policymakers as the world’s second-largest economy has been facing …
China’s travel spending during Lunar New Year holidays beats pre-COVID levels Read More »
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks’ improving net interest margins give authorities some leeway to use monetary stimulus to shore up faltering economy growth. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month …
China seen cutting mortgage reference rate for first time since June Read More »
By Lisa Barrington and Brenda Goh SINGAPORE (Reuters) – Singapore on Monday said travellers would need to bear the cost of the transition toward green jet fuel, announcing plans for a levy that would lift ticket prices on departing flights as the aviation industry searches for a viable funding model. Introduced by Singapore’s transport minister …
Singapore green jet fuel levy on travellers ignites funding debate Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economy unexpectedly contracted in the fourth quarter of 2023 and policymakers downgraded the outlook for this year, adding to pressure on the central bank to give in to the prime minister’s demands for a rate cut. Prime Minister Srettha Thavisin, who is also the finance minister, …
Thai economy shrinks, adds to rate cut case amid central bank and PM feud Read More »
BEIJING (Reuters) – China’s foreign ministry said on Monday that it hoped enterprises in Xinjiang would “cherish” their investment opportunities, following plans by German companies to rethink their interest in the region amid forced labour concerns. Forced labour is a “fabrication” by external forces looking to hurt China’s development, and the relevant enterprises should respect …
China hopes enterprises in Xinjiang would ‘cherish’ investment opportunities Read More »
By Lisa Barrington SINGAPORE (Reuters) – China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corporation of China (COMAC), has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on Sunday. China has invested heavily in its attempt to break the hold of …
China’s first homegrown airliner makes international debut in Singapore Read More »
SHANGHAI/BEIJING (Reuters) – Chinese electric vehicle maker Xpeng said it would hire 4,000 this year and invest millions in artificial intelligence, as it seeks to survive what it describes as a “bloody sea” of competition in the world’s largest auto market. The additional employees would represent a 25% expansion of the Volkswagen-backed EV maker’s workforce …
Chinese EV maker Xpeng to hire 4,000, invest in AI Read More »
