Reuters Asia Business

Japan’s lunar startup ispace delays NASA-sponsored mission to 2026

By Kantaro Komiya TOKYO (Reuters) -Japan’s lunar transport startup ispace inc said on Thursday it would postpone a future moon landing mission by a year to 2026 to better prepare for a commission by U.S. agency NASA, as well as deal with component supply delays. Tokyo-based ispace attempted its first lunar landing with the Hakuto-R …

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China’s Dalian Wanda in talks to avert $4 billion IPO repayment -Bloomberg News

(Reuters) -China’s Dalian Wanda Group has started negotiations on a proposal to avoid repaying about 30 billion yuan ($4.11 billion) to investors in its commercial property management business if it fails to complete its initial public offering (IPO) this year, Bloomberg News reported on Thursday. The Chinese conglomerate recently told investors that an IPO of …

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China Eastern Airlines to buy another 100 C919 airplanes

BEIJING (Reuters) – China Eastern Airlines signed a contract with aircraft manufacturer Commercial Aircraft Corporation of China (COMAC) to buy another 100 C919 airplanes, according to state broadcaster CCTV on Thursday. The new China Eastern order is the largest order for the Chinese passenger plane, developed by COMAC to rival Airbus SE’s A320neo and Boeing …

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China Evergrande’s billionaire boss goes from power circles to police surveillance

By Clare Jim HONG KONG (Reuters) -Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, 2021, a beaming Hui Ka Yan showed no signs that his company, China Evergrande Group, was facing mounting pressure paying its debts. Hui, wearing a navy-blue suit and open-neck shirt, looked …

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China’s factory activity probably steadied in September – Reuters poll

By Joe Cash BEIJING (Reuters) – China’s factory activity likely steadied in September, a Reuters poll showed on Thursday, adding to a run of indicators suggesting that the world’s second-largest economy has begun to stabilise. The official purchasing managers’ index (PMI) is expected to have edged up to 50.0 in September from 49.7 a month …

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Australia says exports of hay to China will resume

CANBERRA (Reuters) – The Australian government said on Thursday that China was removing barriers to imports of hay from Australia, the latest step towards normalising trade relations between the two countries. China restricted imports of a range of commodities from Australia in 2020 after Australia called for an inquiry into the origins of COVID-19 but …

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New York remains top financial centre, London clings to second place – survey

LONDON (Reuters) – New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and Hong Kong, the Global Financial Centres index showed on Thursday. New York, in the top spot since deposing London in September 2018, remains well in …

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Malaysia 2024 palm oil output to rise despite El Nino – govt

By Rajendra Jadhav MUMBAI (Reuters) – Malaysia’s palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday. Production in the world’s largest palm oil producer after Indonesia …

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In major blow to TikTok, Indonesia bans e-commerce transactions on social media

By Dewi Kurniawati and Stanley Widianto JAKARTA (Reuters) -Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s biggest economy to boost its e-commerce business. The government said the move, which takes effect immediately, is …

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