ALMATY (Reuters) – Kazakhstan on Saturday signed deals with France’s TotalEnergies, United Arab Emirates firm Masdar and Saudi Arabia’s ACWA Power to build wind farms with a total capacity of 3 gigawatts (GW), the Kazakh government said. The farms will be built in the southern Zhambyl region, the southeastern Zhetysu region and either Kostanai or …
HANOI (Reuters) – Vietnam’s VietJet Aviation and UAE-based Novus Aviation Capital have entered into a memorandum of understanding to jointly establish an aircraft financing and leasing firm in Vietnam, the budget airline said on Saturday. The firm will initially provide financing and acquisition of 15 new aircraft ordered by VietJet from Boeing and Airbus, with …
VietJet, Novus Aviation Capital to establish aircraft financing and leasing firm Read More »
TOKYO – Honda Motor said on Saturday it was dismissing about 900 contract workers at a joint venture in China, as Japanese automakers suffer from a rapid shift to electric vehicles in the world’s largest car market. “Production volume is decreasing, so dispatch contracts are terminated in line with that,” the spokesperson said of the employees, …
Honda’s China joint venture dismisses 900 contract workers Read More »
JAKARTA (Reuters) – Indonesia has approved a revised development plan for the long-delayed Abadi Masela gas project with $20 billion in investment targeting production to start in 2029, an energy ministry official said on Saturday. The project, in which Japanese oil and gas company Inpex is the lead investor, has faced years of delay due …
Indonesia approves delayed Abadi Masela gas revised development plan Read More »
HANOI (Reuters) – Vietnam’s government will investigate the central bank’s handling of credit growth, the Ministry of Industry and Trade said on Saturday, after the government complained that credit was growing too slowly. Deputy Prime Minster Le Minh Khai has asked the Government Inspectorate to conduct the investigation, the ministry said in a news release. …
Vietnam to investigate its central bank’s handling of credit growth Read More »
SHENZHEN, China (Reuters) -Toyota Motor has halted production on some ageing lines at a joint venture in China while operations continue as normal, the Japanese automaker said on Saturday after a media report that it was partially suspending production due to weak sales. The production halt at the Tianjin venture with China’s FAW was a …
Toyota says it halts some Tianjin operations after report of weak sales Read More »
By Kantaro Komiya, Makiko Yamazaki and Yuka Obayashi TOKYO (Reuters) -Japanese gas company Iwatani Corp has agreed to buy a stake of about 20% in Cosmo Energy Holdings from a group of activist investors, though it was not clear if the country’s third-biggest oil refiner had found itself a white knight. The deal marks an …
Japan’s Iwatani ends Cosmo’s battle with activist group by purchasing $710 million stake Read More »
HONG KONG (Reuters) – A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm. The group, which owns about $2 billion in offshore notes guaranteed by Evergrande, issued a …
Evergrande creditor group supports maintaining operations, not bankruptcy-SCMP Read More »
SHENZHEN, China (Reuters) – Property developer Logan Group is seeking to adjourn a liquidiation hearing at the Hong Kong High Court scheduled for Monday on the grounds it has not yet agreed a debt restructuring plan with overseas creditors, Chinese state media The Paper reported on Saturday. The Shenzhen-based company said last year it would …
Chinese developer Logan Group seeks to postpone Dec 4 liquidation hearing – state media Read More »
By David Shepardson and David Lawder WASHINGTON (Reuters) -The Biden administration on Friday issued-long awaited guidance that will limit Chinese content in batteries eligible for electric vehicle tax credits starting next year. In a win for automakers, the U.S. Treasury will temporarily exempt some trace critical minerals from new strict rules barring materials from China …
US to limit Chinese firms, battery parts from winning EV tax credits Read More »
