SHANGHAI (Reuters) – China’s service trade deficit widened in January, data from the country’s FX regulator showed on Friday, as outbound tourism and spending picked up after Beijing exited from its stringent zero-COVID strategy. The service trade deficit stood at $15.4 billion in January, up from $11 billion a month earlier, according to the State …
China’s services trade deficit widens as outbound tourism resumes Read More »
KUALA LUMPUR (Reuters) -Malaysia on Friday unveiled a scaled-back spending plan for the year and plans to tax the wealthy as Prime Minister Anwar Ibrahim focuses on narrowing the budget deficit. Three months into the job, Anwar is having to balance fiscal prudence with demands to address higher costs of living and a slowdown in …
With an eye on deficit, Malaysia’s Anwar tightens spending, taxes the rich Read More »
BERLIN (Reuters) – Mercedes plans to start selling its “Drive Pilot” automated driving system in China though its immediate focus is expanding sales in the United States, Spiegel magazine reported on Friday, citing Chief Technology Officer Markus Schaefer. The carmaker has applied for a licence in Beijing. (Writing by Matthias Williams, Editing by Friederike Heine)
TOKYO (Reuters) – Japanese ethylene production in January fell 4.8% from a year earlier to 482,600 tonnes, data from the Japan Petrochemical Industry Association showed on Friday. Ethylene, made from naphtha, is a basic feedstock for petrochemicals that are processed into products such as plastics. Following is a table of ethylene output volume in thousand …
Japan’s January ethylene output down 4.8 % yr/yr Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s top oil and gas major CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio, three company executives said. The process that began in July was the first major organization change …
China’s CNPC sets up regional offices to manage global portfolio – sources Read More »
KUALA LUMPUR (Reuters) – Malaysia will introduce a luxury goods tax this year and look into introducing capital gains tax in line with international standards, Prime Minister Anwar Ibrahim said on Friday. His comments come as Malaysia unveiled a scaled-back spending plan for the year despite a sharply slowing economy as Anwar focuses on narrowing …
Malaysia to introduce luxury goods tax; mulls capital gains tax Read More »
TOKYO (Reuters) – Five Japanese utilities’ plans to raise household electricity prices from April 1, as requested to the government, are likely to be pushed back, Jiji news agency reported on Friday. The five utilities are Tohoku Electric Power Co, Hokuriku Electric Power Co, Chugoku Electric Power, Okinawa Electric Power and Shikoku Electric Power, Jiji …
Five Japan utilities’ plan to hike electricity prices likely to be postponed -Jiji Read More »
LONDON (Reuters) – The chief executive of British Airways-owner IAG said the re-opening of Asia for travel after the pandemic was happening slowly. “We see the opening of Asia will be slow but it’s opening,” Luis Gallego told reporters on Friday. (Reporting by Joanna Plucińska, writing by Sarah Young, editing by Paul Sandle)
By Joe Cash BEIJING (Reuters) – China, the world’s largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to “resolve the problem in a comprehensive and effective manner.” Liu Kun, China’s finance minister, joined a meeting of the bloc’s finance …
China calls for ‘joint action’ in debt settlements at G20 Read More »
OTTAWA (Reuters) – Canada is launching a joint federal and provincial investigation into short-video app TikTok over concerns about the Chinese-owned platform’s collection, use and disclosure of personal information, the Privacy Commissioner of Canada said on Thursday. The federal privacy regulator – as well as provincial counterparts in Quebec, British Columbia and Alberta – will …
Canadian privacy regulators launch joint investigation into TikTok Read More »
