By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON (Reuters) – China, the world’s top importer of liquefied natural gas (LNG), is increasingly re-selling some of the super-chilled fuel to other Asian buyers as it looks to profit from price swings. Armed with a growing portfolio of long-term supply deals recently struck with Qatar and …
Top LNG importer China re-selling more cargoes, eyes trading gains Read More »
By Sophie Yu and Casey Hall BEIJING (Reuters) – A ferocious price war among China’s e-commerce retailers during the “Singles Day” shopping event is exposing further weakness in household consumption and raising concerns that the world’s second-largest economy will resume its slowdown. Originally a 24-hour online shopping event in China held on Nov. 11, Singles …
Price wars during Chinese shopping fest expose consumer woes Read More »
By Anisha Sircar (Reuters) – Global asset manager Invesco is overweight on Chinese assets in its Asian funds and adding exposure to Hong Kong’s beaten-down real estate sector where dividend yields are lucrative, according to one of its Asian portfolio managers. The $2.5 billion Invesco Asia Equity fund grew its Hong Kong and China position …
Invesco overweight on China, likes some Hong Kong REITs Read More »
BANGKOK (Reuters) – Thailand’s government has scaled down only slightly its signature handout policy, its prime minister said on Friday, despite growing concerns over its viability and potentially negative impact on Southeast Asia’s second-largest economy. The government has decided to reduce the overall “digital wallet” amount to 500 billion baht ($13.98 billion), with the scheme …
Thailand scales down controversial digital handout plan Read More »
JAKARTA (Reuters) -Mining company Vale will sell a 14% stake in its Indonesian nickel miner Vale Indonesia to bring the holding by overseas firms below the maximum limit, Indonesia’s mining minister said on Friday. Share divestment is a condition Indonesia requires to extend the operation permit for Vale Indonesia. Vale’s current contract is due to end in 2025. Under Indonesian …
Vale will sell 14% stake in Vale Indonesia – minister Read More »
(Reuters) – Japanese investments in foreign bonds and equities slowed in October, influenced by higher U.S. bond yields and a depreciating yen, data from Japan’s Ministry of Finance showed. According to the data, domestic investors accumulated a net 1.12 trillion yen ($7.40 billion) worth of overseas bonds last month in a third straight month of …
Japanese investors slow investments in overseas bonds and equities in Oct Read More »
(Corrects Jiangxi Copper’s new stake in First Quantum to 18.5% from 19.5% in paragraph one and third) By Divya Rajagopal TORONTO (Reuters) -Chinese copper miner Jiangxi Copper Co Ltd has increased its stake in Canadian miner First Quantum Minerals (FQM) to 18.5% from 18.3%, after buying a total of 1.35 million shares, according to a …
China’s Jiangxi Copper boosts First Quantum stake after stock rout Read More »
By Niket Nishant (Reuters) -China’s Zeekr Intelligent revealed wider losses for the first half of the year on Thursday and cautioned Beijing could influence its business, as the premium electric car brand made its paperwork public for a stock market listing in New York. Zeekr, owned by Chinese automaker Geely Auto, had confidentially filed for …
China’s Zeekr reveals wider loss, Beijing influence in US IPO paperwork Read More »
By Rodrigo Campos NEW YORK (Reuters) -Philippines Finance Minister Benjamin Diokno says there is potential that the remittances that help power the southeast Asian economy could be replaced by AI. Money earned by workers overseas and sent back to the Philippines contributes approximately 9% of the country’s GDP. Diokno told the Reuters NEXT conference in …
Potential for remittance income to be cut by AI, says Philippines finance minister Read More »
SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday told Chinese Vice Premier He Lifeng she wants to have an “open and substantive” discussion on the U.S.-China economic relationship, Beijing’s subsidy practices and global challenges such as climate change and debt relief. In prepared remarks at the start of two days of bilateral …
US Treasury’s Yellen wants ‘open and substantive’ talks with Chinese vice premier Read More »
