JAKARTA (Reuters) – Indonesia plans to run its maiden carbon trade next week, aiming to offer companies and financial institutions a mechanism to offset their emissions, while providing funding for carbon reduction projects, authorities said on Monday. The Southeast Asian country is one of the world’s top ten greenhouse-gas emitters, but has pledged to reach …
KUALA LUMPUR (Reuters) – Malaysia will talk to the Indian government to find a “best solution” over the South Asian country’s rice export restrictions, Malaysia’s agriculture minister said on Monday, amid concerns over rising prices and supply shortages. State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand, and Cambodia, …
Malaysia to discuss rice export curbs with India Read More »
TAIPEI (Reuters) – Taiwan’s central bank is expected to leave its policy rate unchanged this week, according to all economists polled by Reuters, as inflation subsides but exports that drive the island’s trade-dependent economy remain in the doldrums. The central bank is likely to keep the benchmark discount rate at 1.875% at its quarterly meeting …
BEIJING (Reuters) – China’s diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on Monday, as refiners take advantage of strong regional refining margins to ship fuel overseas. Exports of diesel, the biggest fuel by share of …
China’s diesel exports surge in August, have nearly tripled so far in 2023 Read More »
(Reuters) – Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday. Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to …
Foxconn aims to double jobs, investment in India over next 12 months Read More »
(Reuters) – Troubled Chinese trust firm Zhongrong has lent money to several of the country’s struggling property developers, the Financial Times reported on Sunday citing its analysis of legal and company filings. Zhongrong International Trust Co is a giant of China’s $3 trillion shadow finance industry and has recently missed payments of some trust products …
China’s Zhongrong exposed to struggling property developers- FT Read More »
BEIJING (Reuters) – Police in southern China have detained some staff at China Evergrande Group’s wealth management unit, suggesting a new investigation that could add to the property giant’s woes. “Recently, public security organs took criminal compulsory measures against Du and other suspected criminals at Evergrande Financial Wealth Management Co.,” Shenzhen city police said in …
China police detain some Evergrande wealth management staff Read More »
MANILA (Reuters) – Singapore-based Dyson Ltd., the inventor of the bagless vacuum cleaner, plans to invest 11 billion pesos ($193.5 million) in a new factory in the Philippines, the office of President Ferdinand Marcos Jr. said in a statement on Saturday. The announcement came as Marcos was in Singapore where he met with Dyson officials, …
Dyson to invest $194 million in new factory in the Philippines Read More »
(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. SoftBank’s founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI, the newspaper said, citing two people familiar …
SoftBank’s Son plans AI deal spree after Arm IPO – FT Read More »
SHANGHAI (Reuters) – Troubled Chinese trust firm Zhongrong International Trust Co said it was unable to make payments on some trust products on time. Zhongrong International Trust has already missed payments on dozens of investment products since the end of July, according to investor sources, triggering contagion fears in an economy that is already pressured …
China’s Zhongrong Trust says unable to make some payments on time Read More »
