TOKYO (Reuters) – Japan’s Warabeya Nichiyo saw its shares lose more than 4% on Monday after the food maker disclosed two instances of cockroaches being found inside its rice that were sold at a 7-Eleven convenience store last week. Warabeya Nichiyo said it had received two separate notices that plum-flavoured rice balls made at a …
Japan’s Warabeya shares drop after cockroach found in 7-Eleven rice balls Read More »
By Kevin Yao and Samuel Shen BEIJING (Reuters) – China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China’s economy, with Beijing tasking provincial and city officials …
Analysis-China can no longer ‘extend and pretend’ on municipal debt Read More »
JAKARTA (Reuters) – Four foreign renewable energy companies said on Monday they will jointly explore opportunities to produce solar panel components and energy storage systems in Indonesia. Singapore-based Vena Energy, China’s Suntech and REPT Battero, and US-based Powin aim to produce components of solar photovoltaic panels and energy storage systems, which will also be used …
Vena Energy, Suntech, others explore solar panel parts production in Indonesia Read More »
MANILA (Reuters) – The Philippines may extend reduced import tariffs on rice and other commodities beyond 2023 to ease pressure on inflation, which remained above target last month, officials said. The lowered tariffs, also applying to corn and pork imports, are due to expire by the end of the year. But supply side challenges, including …
Philippines may extend reduced import tariffs on rice, other commodities Read More »
NEW DELHI (Reuters) – India said on Friday it would defer the imposition of a licensing requirement for imports of laptops, tablets and personal computers by three months – partially reversing the surprise decision it announced a day earlier. While India has not said the new requirement is aimed at China, more than half of …
Factbox-India’s measures targeting Chinese products and investment Read More »
BEIJING (Reuters) – China’s direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month. The impact of floods, while common in China in summer, has grown more pronounced this …
China’s July economic losses from disasters exceed January-June Read More »
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major supplier for Apple, said on Saturday revenue in July fell 1.23% year-on-year but forecast a business rebound for the third quarter. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$469.23 billion ($14.82 billion), up nearly …
Foxconn’s July sales drop 1.23% y/y, Q3 outlook better Read More »
JAKARTA (Reuters) -Foreign shareholders in nickel miner Vale Indonesia are planning to sell 14% of their stake to a state company this year to bring their holding below the maximum permitted for overseas firms, mining minister Arifin Tasrif said on Friday. Vale Canada Ltd and Sumitomo Metal Mining will sell their shares to MIND ID, …
Foreign shareholders plans to divest 14% stake in Vale Indonesia – minister Read More »
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – The incoming hereditary ruler of Cambodia, a country Washington is keen to pull out of Beijing’s orbit, could meet CEOs of U.S. firms interested in investing there in New York next month, the head of the U.S. business lobby for Southeast Asia told Reuters. Cambodia’s long-ruling …
Hun Sen heir could get New York business reception after Cambodia succession Read More »
By Lewis Jackson and Dominique Patton SYDNEY/BEIJING (Reuters) -Australia on Friday used China’s decision to drop anti-dumping tariffs on its barley imports to call for the end to all remaining trade restrictions, led by wine, as commercial ties between the two trading partners edge towards normalisation. China’s Ministry of Commerce said on Friday anti-dumping and …
Australia calls for China to end trade curbs as barley tariffs lifted Read More »
