BEIJING (Reuters) – China’s Tongwei plans to invest 28 billion yuan ($3.9 billion) to expand its silicon production capacity, it said on Tuesday of the raw material used in photovoltaics. Tongwei plans a project in Ordos city in north China’s Inner Mongolia with total annual production capacity of 500,000 metric tons of industrial silicon and …
Tongwei plans $3.9 billion project to boost silicon production Read More »
BEIJING (Reuters) – China has appointed Lu Lei as deputy governor of the People’s Bank of China (PBOC), the human resources ministry said on Tuesday. It also named Fu Wanjun as the deputy head of its financial regulator, the National Administration of Financial Regulation, according to a ministry statement. Fu has previously served as the …
China names Lu Lei deputy governor of central bank Read More »
By Yuka Obayashi and Liz Lee TOKYO/BEIJING/SEOUL (Reuters) -Japan’s Mitsui and Co has decided to pull its employees out of Russia’s Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project. At the same time, Mitsui’s joint venture with Japan’s JOGMEC …
Japan’s Mitsui to pull employees out of Russia’s Arctic LNG 2 -Sankei Read More »
BEIJING (Reuters) – Chinese police this year have cracked down on hundreds of millions of dollars of fraud cases using fabricated government documents to attract investment in fake national projects, state media reported on Tuesday. Public security agencies have solved a total of more than 260 cases this year and taken down 180 criminal groups …
China cracks down on hundreds of millions of dollars of government investment scams Read More »
By Liz Lee and Andrew Hayley BEIJING (Reuters) – China’s involvement in Russia’s Arctic LNG-2 liquefied natural gas project should not be the target of any third party intervention or restrictions, its foreign ministry said on Tuesday. The United States imposed sanctions on Artic LNG-2 in November as part of a package of sweeping new …
China criticizes U.S. sanctions on Russia’s Arctic LNG-2 project Read More »
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) -Thailand will increase its minimum wage in January, Prime Minister Srettha Thavisin said on Tuesday confirming a previous deal, while the government plans to further raise it in March. A wage committee, comprised of government, employers and employee representatives, had previously agreed to increase the daily minimum …
Thailand plans new minimum wage hike, keeps inflation target next year Read More »
SEOUL (Reuters) – Samsung Heavy Industries said on Tuesday it has not started making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda. Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval. …
Samsung Heavy: Not begun making parts for some Russian shipyard LNG carriers Read More »
By Li Gu and Casey Hall SHANGHAI (Reuters) -A slew of smaller Chinese gaming companies have announced share buybacks – plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games. Last Friday, regulators published draft rules that would ban online games …
Chinese gaming firms unveil share buybacks after regulatory move unnerves investors Read More »
SINGAPORE (Reuters) – Singapore’s key consumer price gauge slowed to 3.2% in November on the year, in line with expectations, official data showed on Tuesday, and headline inflation fell to 3.6%. In a joint statement, the Monetary Authority of Singapore and the trade ministry said headline and core inflation were projected to average 3.0–4.0% and …
Singapore November core inflation slows to 3.2% y/y Read More »
TOKYO (Reuters) – Toyota Motor’s small car unit Daihatsu Motor will compensate 423 domestic suppliers with which it has direct business relations as its plants in Japan remain idled due to a safety scandal, a spokesperson said on Monday. The small car specialist has halted production in Japan until the end of next month, the …
Toyota’s Daihatsu to compensate suppliers over output halt Read More »
