By Bernadette Christina and Fransiska Nangoy JAKARTA (Reuters) -Indonesian officials aim to wrap up discussions at the weekend about whether to lift a ban on coal exports, after a minister declared an end to a domestic supply crisis that sent international prices higher this week. The world’s biggest thermal coal exporter suspended coal exports on …
Indonesia aims for coal ban resolution at weekend Read More »
HANOI (Reuters) – Thousands of employees at Pou Chen, the world’s largest manufacturer of branded sports footwear, went on strike at a factory in southern Vietnam on Friday, demanding better year-end bonuses, state media reported. The Taiwan-owned company supplies to Nike Inc. and Adidas AG. Workers at the factory in Bien Hoa City complained that …
Thousands strike for bonus at top shoemaker Pou Chen’s factory in Vietnam Read More »
By Stephen Nellis and Joseph White (Reuters) – Major automakers like General Motors Co, Ford Motor Co and Volvo Cars deepened ties with key technology partners this week to gird for the fight against electric car challenger Tesla Inc and Apple Inc as it revs up to enter the market. Three chip firms – Intel …
At CES, tech alliances firm up in the self-driving car wars Read More »
By Julie Zhu and Clare Jim HONG KONG (Reuters) – Under pressure from authorities, Chinese property firm Kaisa Group Holdings Ltd is working furiously to come up with a feasible plan to repay wealth product investors, two sources with direct knowledge of the matter said. Kwok Ying Shing, chairman of the cash-strapped developer, has agreed …
TOKYO (Reuters) – Japan’s biggest power generator JERA said it would spend 69.2 billion yen ($597 million) on the development of ammonia-related technology, with nearly 70% covered by the government’s green innovation fund. Ammonia is used as a fertiliser and in industrial materials, but is also seen as a future energy source, along with hydrogen. …
Japan’s JERA to develop ammonia-related tech with green fund backing Read More »
SHANGHAI/HONG KONG (Reuters) -China will make it easier for state-backed property developers to buy up distressed assets of debt-laden private peers, a source with direct knowledge said on Friday, another step by policymakers to avert a liquidity crisis in the sector. State-owned developers acquiring distressed assets will not have those loans counted as debt under …
China to ease debt rules for state-led distressed M&A – source Read More »
SHENZHEN, China (Reuters) – U.S. video gaming platform Roblox Corp., has taken down its Chinese app that fronted its expansion efforts into the country, telling Reuters it was part of “a number of important transitory actions” as it builds its next version. The LuoBuLesi app, which Roblox launched in July in partnership with an affiliate …
Roblox takes down China app, says building another version Read More »
BEIJING (Reuters) – China will focus on expanding domestic flights and restoring international air travel in 2023-2025, the country’s aviation regulator said on Friday, as it issued a new five-year development plan for a sector heavily battered by COVID. China’s domestic air traffic is faltering due to a zero-COVID policy of stamping out virus clusters …
China targets 2023-2025 for recovery in international air travel Read More »
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia, the world’s biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at domestic power plants. WHY DID INDONESIAN AUTHORITIES DECIDE TO ACT? Coal makes up around 60% of …
Explainer-How Indonesia, the world’s top thermal coal exporter, hit a supply crunch Read More »
By Edmond Ng HONG KONG (Reuters) – Hong Kong’s bars, restaurants and caterers say tighter restrictions aimed at averting a new wave of COVID-19 infections may cause hundreds of millions of dollars in losses, threaten jobs and even, for some, their survival. The global financial hub is one of the world’s last holdouts sticking to …
Hong Kong bars, restaurants face more pain with return of COVID curbs Read More »
