Reuters Asia Business

OTTAWA (Reuters) – Canada and Taiwan have completed talks on a bilateral deal to boost foreign investment and will work to make sure it comes into effect promptly, Canadian Trade Minister Mary Ng said in a statement on Tuesday. The Foreign Investment Promotion and Protection Arrangement is part of Canada’s plan to increase trade and …

Canada says it has completed talks on bilateral investment deal with Taiwan Read More »

BEIJING (Reuters) – China’s top parliament body has approved a 1 trillion yuan ($137 billion) sovereign bond issue and passed a bill to allow local governments to frontload part of their 2024 bond quotas, state media said on Tuesday, in a move to support the economy. Funds raised from the new sovereign bonds will support …

China to issue $137 billion sovereign debt to support economy Read More »

(Reuters) – Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May. The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15, 2033, with …

Suriname proposes exchange of $675 million bonds for oil-linked debt Read More »

By Alex Lawler LONDON (Reuters) -World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment. The report from the IEA, which advises industrialised countries, …

World oil, gas, coal demand to peak by 2030, IEA says Read More »

BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal revenue hit 16.67 trillion yuan ($2.28 trillion)during January-September, while fiscal expenditure rose 3.9% to 19.79 trillion yuan, data from the finance ministry showed …

China Jan-Sept fiscal revenue growth slows amid shaky recovery Read More »

(Reuters) -Chinese national offshore oil and gas major CNOOC Ltd on Tuesday posted an 8.13% fall in third quarter profit on lower realised oil prices despite higher output. Net profit fell to 33.88 billion yuan ($4.64 billion), CNOOC said in a filing to the Hong Kong Stock Exchange. The listed arm of state-backed CNOOC Group …

China CNOOC’s Q3 profit down 8% on yr despite higher output Read More »

By Daniel Leussink and Miho Uranaka TOKYO (Reuters) – Shares of Japan’s Nidec logged their biggest decline in a decade and a half on Tuesday, tumbling more than 10% as investor concerns deepened over the motor manufacturer’s prospects in an increasingly tough Chinese market for electric vehicles. A decline in profitability at Nidec’s EV business …

Nidec shares log biggest tumble in 15 years on China chill Read More »