By Chayut Setboonsarng and Maytaal Angel BANGKOK/LONDON (Reuters) – Thailand’s Mitr Phol said it had acquired a 75% stake in Indonesian sugar mill Kebun Tebu Mas (KTM) as Asia’s largest sugar and bioenergy producer expands its footprint on the continent. Mitr Phol told Reuters it “envisages a pivotal role in advancing Indonesia’s self-sufficiency in sugar …
Thai sugar giant Mitr Phol buys Indonesian refiner Read More »
By Clare Baldwin and Katherine Masters PHNOM PENH/NEW YORK (Reuters) – Walmart and Centric Brands are investigating their supply chains in Cambodia over allegations that inmates at the country’s largest women’s prison were illegally employed to produce garments for export, following questions posed by Reuters and inquiries from a U.S. industry group about labour practices …
By Anton Bridge TOKYO (Reuters) – When SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question – will the company have “exponential growth” due to the boom in artificial intelligence as CEO Masayoshi Son claims? Since acquiring the chip designer in 2016, …
Arm IPO to put SoftBank’s AI hard sell to the test Read More »
HONG KONG (Reuters) -China’s largest express delivery company S.F. Holding Co on Monday filed an application for a second listing on the Hong Kong stock exchange, the exchange’s website showed. The filings do not specify how much the company is looking to raise but in May Reuters reported the Shenzhen-listed company could raise $2 billion …
Chinese courier giant S.F. files application for Hong Kong listing Read More »
BEIJING (Reuters) – China’s government land sales revenue declined for the 19th consecutive month in July, data from the finance ministry showed on Monday, adding to pressure on some debt-laden municipalities. Land sales fell 10.1% from a year earlier in July, after declining 24.3% the previous month, according to Reuters calculations based on the ministry’s …
China’s land sales revenue down for 19th straight month in July Read More »
By Faith Hung and Roger Tung TAIPEI (Reuters) – Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Up until the end of June, investors were going all in on Taiwan …
Foreign investors undeterred by China tensions, says Taiwan stock exchange chairman Read More »
BEIJING (Reuters) -China’s fiscal revenue rose 11.5% in the first seven months of 2023 from the same period a year earlier, but was slower than the 13.3% rise posted for the first six months, official data showed, amid signs the economy is losing momentum. Fiscal revenue totalled 13.9 trillion yuan ($1.92 trillion) from January-July, while …
China’s fiscal revenue slows as economy struggles Read More »
(Reuters) – Six major brokerages cut China’s economic growth forecast for the year as worries about contagion from debt repayment troubles at its top private property developer Country Garden deepened. China’s economic growth outlook has soured further with retail sales, industrial output and investment growing at a slower-than-expected pace. Weak consumer demand has tipped the …
Factbox-Big brokerages cut China growth forecast on growing worries over property sector Read More »
MOSCOW (Reuters) – Russian miners and Chinese investors are among the parties interested in buying gold and silver producer Polymetal International’s Russian assets, CEO Vitaly Nesis told the Financial Times. Polymetal had considered spinning off its Russian business after re-domiciling to Kazakhstan from Jersey, but U.S. sanctions imposed on its Russian assets complicated that process, …
Russian miners, Chinese investors interested in Polymetal’s Russian assets -FT Read More »
By Andrew Hayley BEIJING (Reuters) – China’s crude oil imports from top exporter Saudi Arabia are expected to remain depressed through the third quarter, analysts said, after its customs office reported inbound shipments from the kingdom fell to their lowest in 13 months in July. Chinese crude imports from both Russia and Saudi Arabia have …
China’s Saudi crude imports to remain depressed through third quarter -analysts Read More »
