By Heekyong Yang and Joyce Lee SEOUL (Reuters) -LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries. Even at the low end of its …
LG Energy Solution targets up to $10.9 billion in S.Korea’s biggest IPO Read More »
TAIPEI (Reuters) – Taiwan’s exports rose for a 17th straight month in November to a new high as its manufacturers gained from sustained demand for consumer electronics in the coming year-end shopping season and amid a global shortage of computer chips. Exports last month were the highest monthly figure on record, rising 30.2% from a …
Taiwan Nov exports hit record, outlook good ahead of year-end Read More »
HONG KONG (Reuters) -Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default. Failure to make $82.5 million in interest payments that were due last month would trigger …
By Clare Jim HONG KONG (Reuters) -Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default. Failure to make $82.5 million in interest payments that were due last …
Explainer-What’s next for China Evergrande after missing coupon payments Read More »
SHANGHAI (Reuters) -Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default. Failure to make $82.5 million in interest payments that were due last month would trigger cross-default …
Factbox-China Evergrande’s bond coupon payments through May 2022 Read More »
JAKARTA (Reuters) – Indonesia will bring in a new levy for palm plantations within the next two years, the proceeds of which will be used to protect public interests and the environment, its finance minister said on Tuesday. The new levy will be collected by regional governments from local palm planters and is part of …
Indonesia plans new palm plantation levy to protect environment Read More »
By Mark John LONDON (Reuters) – The share of household wealth owned by billionaires has risen by a record amount during the pandemic, with millionaires also coming out of COVID-19 ahead, a study found on Tuesday. The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% …
Pandemic boosts super-rich share of global wealth Read More »
TOKYO (Reuters) – Japan’s biggest power generator JERA said on Tuesday it has retired four old liquefied natural gas (LNG)-fired power plants at its Anegasaki thermal power station in Chiba, near Tokyo, to make way for three new, less polluting units it is building. JERA, a thermal power and fuel joint venture between Tokyo Electric …
JERA retires four old LNG power plants as it builds three new units Read More »
(Reuters) – Hong Kong fintech WeLab said on Tuesday it will buy a controlling stake in Indonesian commercial lender PT Bank Jasa Jakarta and launch a digital bank in the country – one of Asia’s fastest-growing digital economies. WeLab, backed by Allianz and billionaire Li Ka-Shing’s TOM Group, said it had secured $240 million from …
Hong Kong fintech WeLab to launch digital bank in Indonesia Read More »
By Gaurav Dogra (Reuters) – Asian equities witnessed money inflows in November as demand for regional semiconductor products boosted foreign buying in South Korean and Taiwanese markets, although concerns over recovery amid the spread of the Omicron variant capped regional inflows. Cross-border investors last month purchased equities worth a net $2.04 billion in South …
Asian equities see foreign inflows in November on tech boost Read More »
