Reuters Asia Business

TOKYO (Reuters) -Japan’s Inpex Corp said on Tuesday it has submitted a revised development plan to Indonesian government authorities for the Abadi liquefied natural gas (LNG) project incorporating a carbon capture and storage (CCS) component. Japan’s biggest oil and natural gas explorer submitted the revised Plan of Development on behalf of its joint venture with …

Japan’s Inpex submits revised development plan for Abadi LNG project Read More »

BANGKOK (Reuters) – Thailand’s exports in the first quarter are likely to show a contraction of 10% from a year earlier, compared with a previous forecast drop of 8%, the country’s shippers’ council said on Tuesday. The global economy is slowing and a recovery in China’s economy is not as fast as expected, Chaichan Chareonsuk, …

Thai exports to fall 10% y/y in Q1 as demand slows – shippers Read More »

HONG KONG (Reuters) – HSBC Holdings Plc’s board is unanimous in recommending that shareholders vote against proposals to restructure the bank and pay fixed dividends, its chairman, Mark Tucker, told Hong Kong shareholders on Monday. The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for …

HSBC board recommends shareholders vote against spin-off resolution Read More »

(Corrects attribution to Wirtschaftswoche sources, not Temasek) BERLIN (Reuters) – Temasek, the sovereign wealth fund of Singapore and a major shareholder in Bayer, will back re-election of the German pharmaceuticals company’s supervisory board chair, the Wirtschaftswoche news outlet reported on Monday, citing unnamed sources. Shareholders are due to vote on another term for Norbert Winkeljohann …

Shareholder Temasek backs re-election of Bayer supervisory board chair -WiWo Read More »

(Reuters) -China Evergrande Group entered into three supporting agreements with members of an ad-hoc group (AHG) of bondholders to help implement its proposal to restructure $22.7 billion in offshore debt, the property developer said on Monday. With more than $300 billion in total liabilities including offshore debt, Evergrande has been at the centre of a …

China Evergrande enters support agreements for debt restructuring Read More »

(Reuters) – Toyota Motor Corp reported a drop in quarterly U.S. auto sales on Monday, as it struggled to get enough cars and trucks to dealers due to inflationary pressures and chip shortages. “We continue to make improvements to our vehicle inventory to satisfy customer demand, while doing all we can to exceed expectations as …

Toyota quarterly auto sales fall 8.8% Read More »