By Rocky Swift and Daniel Leussink TOKYO (Reuters) – Lunar transportation start-up ispace Inc had a blistering market debut in Tokyo on Wednesday as investors scrambled to buy shares in the company that aims to land the first commercial probe on the moon. Such was the glut of buy orders and demand to hold the …
Lunar start-up ispace blasts off in Tokyo market debut Read More »
CHENGDU, China (Reuters) -Chinese electric vehicle maker Zeekr on Wednesday launched a compact, all-electric sport utility vehicle, as it targeted a premium market in China that has been dominated by German automakers. The Geely-owned brand said it also planned to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe without …
China’s Zeekr launches electric SUV, targets Europe Read More »
MANILA (Reuters) – The Philippines’ central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday. “We are probably pausing in the next meeting because the inflation prints are very good,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in a briefing …
Philippine central bank signals pause in rate hikes in May Read More »
(Reuters) – Russian state-owned manufacturer Almaz-Antey may start producing electric cars at Toyota’s former production site in St Petersburg, Trade and Industry Minister Denis Manturov said on Wednesday, according to the RIA news agency. Russia said in March that it was working on resuming production at Toyota’s former facility as soon as possible, after it …
Russia may produce electric cars at former Toyota plant – RIA Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan will continue monetary easing to achieve its 2% inflation target accompanied by wage hikes in a sustainable and stable manner, new deputy governor Shinichi Uchida said on Wednesday. The comment followed Ueda’s view earlier that it was appropriate to maintain the central bank’s ultra-loose monetary …
BOJ to continue monetary easing to achieve inflation target Read More »
By Bernadette Christina, Fransiska Nangoy and Yantoultra Ngui JAKARTA/SINGAPORE (Reuters) -Shares in Trimegah Bangun Persada (TBP) ended 4.4% higher in their trading debut on Wednesday after the company, also known as Harita Nickel, raised 10 trillion rupiah ($672 million) in Indonesia’s biggest listing so far this year. The firm debut by Harita Nickel could boost …
Harita Nickel stages solid debut in Indonesia, boding well for hot IPO market Read More »
(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan Stanley economists. The recent banking stress in the U.S. and Europe strengthens the case for Asia’s outperformance, MS Asia economists, led by Chetan …
Asia likely to grow 5% faster than developed economies by year-end – Morgan Stanley Read More »
DOHA (Reuters) – China’s state-owned oil and gas giant Sinopec will take a 5% stake in Qatar’s North Field East expansion, part of the world’s largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday. Sinopec did not immediately respond to a Reuters request for comment. QatarEnergy had said previously that it …
China’s Sinopec to take 5% share in Qatar’s North Field East -QNA Read More »
By Huw Jones LONDON (Reuters) – The G20’s financial watchdog on Wednesday said rules it introduced after the global financial crisis had prevented contagion from the latest banking sector turmoil, but it would remain vigilant as the outlook has become more challenging. After taxpayers bailed out lenders during the 2007-09 crisis, the Financial Stability Board …
G20 financial watchdog seeks to learn from latest banking turmoil Read More »
By Emily Chow SINGAPORE (Reuters) -Malaysia’s national oil company Petroliam Nasional Berhad aims to restart one of its liquefied natural gas (LNG) terminals currently under force majeure by the first quarter of 2024, a senior company executive said on Wednesday. “Our plan is to complete the work by Q1 2024,” said Shamsairi Ibrahim, vice president …
Malaysia’s Petronas to restart operations at LNG terminal by Q1 2024 Read More »
