TOKYO (Reuters) – Japan’s Mitsui & Co said on Friday it had finalised a plan with Canada’s Northland Power Inc to build a 1 gigawatt (GW) offshore wind farm in Taiwan at an estimated cost of 960 billion yen ($6.5 billion). The deal comes as countries around the globe are seeking to attract investment in …
Japan’s Mitsui, Canada’s Northland to build 1 GW offshore wind farm in Taiwan Read More »
By Sudarshan Varadhan and Ashley Fang SINGAPORE (Reuters) -Hydropower generation in Asia has plunged at the fastest rate in decades amid sharp declines in China and India, data shows, forcing power regulators battling volatile electricity demand and erratic weather to rely more on fossil fuels. The two countries, which account for about 3/4 of Asia’s …
China, India lead Asia’s biggest hydropower crunch in decades Read More »
BRUSSELS (Reuters) -Europe’s trade chief will push Beijing for fewer restrictions on European businesses on a four-day visit to China, when he can expect tough conversations over a planned EU investigation into electric car imports. Trade Commissioner Valdis Dombrovskis will take part in a joint economic and trade dialogue, meet Chinese officials and European companies …
EU trade chief seeks more balanced economic ties on China visit Read More »
By Kane Wu and Roxanne Liu (Reuters) -U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the United States, as political pressure mounts on American companies to limit investments in Chinese technology. GGV said in a statement on …
US venture firm GGV Capital to separate China business Read More »
By Noel Randewich and Lewis Krauskopf (Reuters) – Arm Holdings’ stock on Thursday dipped for the first time below its initial public offering price, while short sellers appeared to be betting against the chip designer just a week after its Wall Street debut. Dropping for a fifth straight session, shares of SoftBank-controlled Arm closed down …
Arm dips below IPO price as short sellers circle Read More »
SHANGHAI (Reuters) -As China’s stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector able to profit from share price falls and volatility, sources said. The China Securities Regulatory Commission (CSRC) has checked with several major brokers over the …
(Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that his government will not rule out any options in addressing excessive volatility in the foreign exchange market. “It is important that exchange rates move stably, reflecting the fundamentals,” Kishida said in a question and answer session at the Economic Club of New York that …
Japan will not rule out any options against forex volatility – PM Kishida Read More »
By Makiko Yamazaki (Reuters) – Japanese Prime Minister Fumio Kishida aims to spur competition in the country’s $5 trillion asset management industry by prompting new market entrants to turn dormant household savings into investments, he told investors in New York. The Japanese government is reviving its decades-old policy pledge to move 2,000 trillion yen ($13.48 …
Japan’s Kishida seeks to shake up to $5 trillion asset management industry Read More »
BANGKOK (Reuters) -Thailand’s new Prime Minister Srettha Thavisin said on Thursday he held talks with Tesla chief Elon Musk during a visit to New York and they discussed the electric vehicle industry. Thailand, Asia’s fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to …
Thailand’s new PM holds talks with Tesla chief Musk Read More »
By Makiko Yamazaki TOKYO (Reuters) -Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success – a deal which paves the way for the embattled industrial conglomerate to go private. The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving the group a …
Toshiba says $14 billion takeover bid by JIP succeeds, set to go private Read More »
