HONG KONG (Reuters) – Singapore’s private home prices have surpassed Hong Kong as the most expensive in Asia Pacific in 2023, while rents in the city-state were also the region’s highest, the Urban Land Institute said on Tuesday. The institute’s 2023 APAC Home Attainability Index showed the median price for a Singapore home was $1.2 …
Singapore home prices surpass Hong Kong as APAC’s most expensive – survey Read More »
By Philip Blenkinsop LULEA, Sweden (Reuters) – Top U.S. and European Union officials meet in Sweden on Tuesday to weigh how best to deal with China and cooperate on artificial intelligence and other future technology as well as EU complaints about Trump-era tariffs and U.S. green subsidies. U.S. Secretary of State Antony Blinken and European …
EU, US to weigh China, AI, trade strains at high-level Sweden talks Read More »
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and the Bank of England facilitated a private sale of SVB UK to HSBC in March, in a move which would protect deposits without …
HSBC to rename British arm of Silicon Valley Bank next month- Sky News Read More »
BEIJING (Reuters) – Chinese steelmaker HBIS Group Co Ltd has successfully and continuously produced direct reduced iron (DRI)products from its 120-tonne hydrogen metallurgy project, the company said on its WeChat account on Monday. With a metallization ratio currently at 94%, these DRI products could replace high-quality steel scrap, feedstock of electric arc furnace-based steelmaking, representing …
Chinese steelmaker HBIS produces green direct reduced iron products Read More »
HONG KONG/SHANGHAI (Reuters) – Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the …
Musk expected to visit China this week, meet officials – sources Read More »
By Trixie Yap SINGAPORE (Reuters) – Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows. Russia has had to divert the volumes it sold to Europe, previously its dominant …
Saudi diesel imports from Russia, exports to Singapore hit records Read More »
NEW DELHI/BENGALURU (Reuters) -Xiaomi Corp’s Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optiemus in a push to further localise its operations, the company said on Monday. Xiaomi India will make its first local audio gadget at Optiemus Electronics’ factory in the northern state of Uttar …
BEIJING (Reuters) – Heavy rain has flooded wheat fields in China’s central Henan province, just days ahead of the harvest, pushing up prices and raising concerns about the quality of this year’s crop in the world’s top consumer of the grain. The rain, which started in the middle of last week in the southern half …
Heavy rain floods China’s top wheat province ahead of harvest Read More »
TOKYO (Reuters) – Japan’s wind power body has set a mid-century goal to increase capacity to 140 gigawatts (GW) from less than 5 GW now, it said on Monday, to meet a third of the country’s electricity demand and help it to hit its 2050 carbon neutrality target. Offshore wind is meant to be central …
Wind industry aims to provide a third of Japan’s power by 2050 Read More »
By Joyce Lee and Josh Smith SEOUL (Reuters) – South Korea is using a $13.7 billion arms deal with Poland – Seoul’s biggest ever – to lay the groundwork for a military-industrial juggernaut that the two nations’ defence companies hope will feed Europe’s hunger for weapons far into the future. South Korea’s arms sales jumped …
Inside South Korea’s race to become one of the world’s biggest arms dealers Read More »
