BEIJING (Reuters) – Luxshare Precision Industry Co Ltd, an Apple Inc supplier, said on Monday it aims to raise up to 13.5 billion yuan ($2.13 billion) to fund six projects, including building a production line for wearable devices. The company plans to issue up to 2.1 billion shares to up to 35 investors at a …
Apple supplier Luxshare plans share issue to fund new production lines Read More »
BEIJING (Reuters) – China’s four biggest banks lowered mortgage rates in Guangzhou city by 20 basis points on Monday, two people familiar with the matter said – a fresh move aimed at lending support to a property sector reeling from a severe cash crunch. The southern city of Guangzhou, the capital of Guangdong province, is …
China’s big four banks cut mortgage rates in Guangzhou – sources Read More »
HONG KONG (Reuters) – Hong Kong’s Air Transport Licensing Authority said on Monday it had granted an air transport licence to startup Greater Bay Airlines, clearing the way for it to operate scheduled commercial flights immediately. Greater Bay Airlines operated its first cargo charter flight last November after receiving its air operator’s certificate in October, …
Hong Kong startup Greater Bay Airlines granted air transport licence Read More »
SINGAPORE (Reuters) – Japan’s Mitsubishi Corp has made an unusual purchase of Vietnamese low-sulphur crude loading in April that will be supplied to Japanese power plants, trade sources said on Monday. The trading house purchased 300,000 barrels of Chim Sao crude from state oil marketer PV Oil at about $7.50 a barrel above dated Brent, …
Mitsubishi buys rare Vietnamese crude for Japan power plants -sources Read More »
BEIJING (Reuters) – China has placed U.S. companies Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over U.S. arms sales to Taiwan. The sanctions are countermeasures against the two companies over a $100 million Feb. 7 arms sale that “undermined China’s security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan …
Beijing places sanctions on U.S. arms companies Lockheed and Raytheon Read More »
TOKYO (Reuters) -Japanese beverage company Kirin Holdings Co said on Monday that its military-linked partner in a Myanmar brewery has filed a new petition to liquidate the joint venture. Kirin has been in a dispute with local partner Myanma Economic Holdings Public Company Limited (MEHPCL) on how to dissolve their brewery venture following a military …
Japan’s Kirin says partner filed new petition to liquidate Myanmar brewery venture Read More »
NEW DELHI (Reuters) – Sri Lanka is trying to arrange $35 million to pay for a shipment of 40,000 tonnes of diesel and has only a few days of stock left, its energy minister said on Monday. The shipment reached Colombo port on Sunday, Energy Minister Udaya Gammanpila told Reuters. He said his ministry is …
Sri Lanka energy minister seeks $35 million to pay for urgent diesel imports Read More »
SYDNEY (Reuters) – One of JPMorgan’s most senior Asia Pacific equities bankers, Ryan Holsheimer, is leaving the bank and Hong Kong to return to Australia, according to a memo seen by Reuters. Holsheimer had been with the bank for almost seven years and most recently was head of Cash Equities and Equity distribution, Asia Pacific, …
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 3.9% in the November-January quarter, the government said on Monday, and the outlook is overshadowed by a surge in coronavirus cases that is piling pressure on the economy. The figure was weighed by a COVID-19 outbreak fuelled by the contagious Omicron variant. …
Hong Kong’s Nov-Jan unemployment unchanged at 3.9%, outlook gloomy Read More »
TAIPEI (Reuters) – Taiwan’s export orders grew broadly in line with expectations in January to a record high for the month thanks to sustained technology demand, but the government warned of lingering supply chain uncertainty despite a generally positive outlook. Taiwan’s export orders, a bellwether of global technology demand, rose 11.7% from a year earlier …
Taiwan’s January export orders brisk, outlook broadly positive Read More »
