Reuters Asia Business

By Paul Lienert MARYSVILLE, Ohio (Reuters) – Honda Motor Co is moving rapidly to catch up with electric-vehicle competitors in global markets, but the company’s top executive said combustion engines could last through 2040 and beyond. Regarding the Japanese automaker’s accelerating transition to EVs, Chief Executive Toshihiro Mibe said, “I’ve been in the engine development …

Honda CEO touts EVs, but combustion engines could last until 2040 Read More »

By Yuddy Cahya Budiman JAKARTA (Reuters) -At least 17 people were killed when a fire broke out on Friday at a fuel storage station operated by Indonesia’s state energy company Pertamina in the capital Jakarta, an official at the city’s main firefighting unit said. The fire, which started after 8 p.m. local time (1300 GMT), …

Fire at Indonesia’s Pertamina fuel storage station kills 17 Read More »

By Hyunsu Yim SEOUL (Reuters) -A South Korean court on Friday granted an injunction filed by SM Entertainment founder Lee Soo-man against the acquisition of SM shares by Kakao Corp, Lee’s lawyers said, potentially paving the way for SM’s takeover by K-pop agency HYBE. Kakao had bid to take a 9.05% stake in the K-pop …

Court decision paves way for K-pop powerhouse HYBE’s takeover of SM Read More »

By Jessie Pang and Joyce Zhou (Reuters) – Hong Kong’s Greater Bay Airlines (GBA) announced on Friday an order for 15 Boeing 737-9 airplanes, according to a company statement, with these planes to be gradually added to GBA’s fleet between 2024 and 2027. The statement was issued ahead of a signing ceremony in Hong Kong …

Hong Kong’s Greater Bay Airlines announces order for 15 Boeing 737-9 airplanes Read More »

SHANGHAI (Reuters) – Tesla sold 74,402 China-made electric vehicles (EV) in February, data published by the China Passenger Car Association (CPCA) showed on Friday. That was up 12.6% from December, when the U.S. electric car maker delivered 66,051 China-made Model 3 and Model Y electric cars, and 31.65% higher versus February last year. By comparison, …

Tesla sold 74,402 China-made vehicles in February Read More »

BEIJING (Reuters) – China will deepen the reform of its financial system, said Guo Weimin, the spokesperson of the Chinese People’s Political Consultative Conference (CPPCC), the country’s top political advisory body, at a news conference on Friday. China will also guide financial institutions to better serve small firms, innovation and development, Guo added. (Reporting by …

China will deepen financial system reform: top political advisory body Read More »

By Katya Golubkova TOKYO (Reuters) -The Indonesian government hopes discussions with state energy company Pertamina over its acquisition of Shell’s stake in the Abadi liquefied natural gas (LNG) project will be finalised in the first half of this year, a senior energy official said on Friday. Indonesia has long sought an investor to take over …

Indonesia close to Abadi LNG deal with Pertamina, says minister Read More »