Reuters Asia Business

TOKYO (Reuters) – Japan’s JERA, the country’s top utility, has agreed to buy Belgium-based Parkwind offshore wind energy producer for 1.55 billion euros ($1.7 billion), as JERA expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric, adds Parkwind’s four offshore wind farms in …

Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 billion Read More »

TOKYO (Reuters) – Japan’s government cut its assessment of the strength of industrial production for the first time in three months in March, pointing to weakening demand in the global semiconductor industry. Its overall assessment of the economy was unchanged in the monthly economic report, however. Amid lingering concerns about stress in the world’s banking …

Japan cuts view on industrial output, vigilant on market volatility Read More »

By Kaori Kaneko TOKYO (Reuters) – Japan’s land prices rose for a second straight year at the fastest pace since 2008, a government survey showed on Wednesday, spurred by signs of economic recovery after the coronavirus crisis. Average land prices grew 1.6% in 2022, outstripping the previous year’s gain of 0.6%, with the trend spreading …

Japan’s land prices up at fastest pace since 2008 on gradual econ recovery Read More »

By Lewis Jackson SYDNEY (Reuters) – China and Australia are making progress over the resumption of Australian timber exports to China in the latest sign of the normalisation of trade between the two countries, an industry official said on Wednesday. The once A$600 million ($402 million) annual trade with China has been largely suspended since …

Australian timber industry says China has sent new rules for resumption of log trade Read More »

SINGAPORE (Reuters) – Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia. Putin said Russia, China and Mongolia had completed “all agreements” on finishing the pipeline …

Explainer-Does China need more Russian gas via the Power-of-Siberia 2 pipeline? Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund. The IMF has released the first tranche of about $330 …

Sri Lanka to start next round of talks with creditors in April Read More »

By David Shepardson WASHINGTON (Reuters) -TikTok CEO Shou Zi Chew said the Chinese-owned short video app company faces a pivotal moment as a growing number of U.S. lawmakers seek to ban the popular app over national security concerns. Chew said in a video posted on TikTok early Tuesday the app now has more than 150 …

TikTok CEO says company at pivotal moment as some U.S. lawmakers seek ban Read More »

By Gareth Jones (Reuters) – Russian President Vladimir Putin said after talks with Chinese leader Xi Jinping on Tuesday that Chinese proposals could be used as the basis of a peace settlement in Ukraine, but that the West and Kyiv were not yet ready. In a joint statement issued at the end of Xi’s state …

Putin says Chinese proposal could be basis for peace in Ukraine Read More »