SHANGHAI (Reuters) – The Chinese state planner’s price and cost investigation team held discussions with battery maker CATL on a visit to the company on Feb. 15, the government body said on Thursday. The price and cost investigation unit said the two parties would strengthen cooperation, it added. (Reporting by Zhang Yan, Brenda Goh; Editing …
China state planner to strengthen cooperation with battery maker CATL Read More »
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) – Taiwan’s Delta Electronics Inc, a supplier of power components to companies such as Tesla Inc, sees “at least” double-digit annual growth for the next five years driven by the electric vehicle (EV) boom, it said on Thursday. Chairman Yancey Hai, in bullish comments on a fourth-quarter …
Taiwan’s Delta Electronics sees EVs powering its double-digit growth Read More »
By Hari Kishan BENGALURU (Reuters) – Global stock markets are expected to correct in the next three months as investors digest the fact that interest rates are likely to stay higher for longer, according to a Reuters poll of equity analysts. The Feb. 10-22 Reuters poll of more than 150 strategists, analysts and fund mangers …
Global stocks to correct in short term as inflation weighs – Reuters poll Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian pet food maker Pet World Nutritions is planning an initial public offering (IPO) in Singapore to raise up to $100 million, two sources with knowledge of the matter told Reuters, in what could be the biggest IPO in Singapore in over a year. The offering could give a …
Malaysia’s Pet World Nutritions eyes Singapore IPO as early as end-2023 Read More »
By Francesco Guarascio HANOI (Reuters) – European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in …
EU manufacturers eye offshore wind turbine plants in Vietnam -sources Read More »
JAKARTA (Reuters) – Indonesian President Joko Widodo said on Thursday that he nominated incumbent central bank governor Perry Warjiyo for another term because of his vast experience. In a television broadcast, he said, “in this global turmoil, we cannot take risks” on posts that hold monetary authority. (Reporting by Stanley Widianto)
(Reuters) -Switzerland’s biggest bank UBS Group AG is looking to apply for a mutual fund license in China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The Swiss bank is in informal talks with the China Securities Regulatory Commission (CSRC) about its intention to apply, the report said. UBS plans …
UBS set to apply for China mutual fund license – WSJ Read More »
JAKARTA (Reuters) – Indonesian tin miner PT Timah aims to increase refined tin output and exports by a third this year, after posting a sharp decline in shipments in 2022, a company official said on Thursday. Timah refined tin exports stood at 17,280 tonnes last year, down 28.77% from 24,260 tonnes in 2021, company data …
Indonesia’s PT Timah aims to increase export, output by up to 30% – official Read More »
BEIJING (Reuters) – The number of Chinese households that decided against buying a home soared in the fourth quarter of 2022, a private survey showed, as COVID infections and lockdowns sapped sentiment, while property foreclosures soared as the economy slowed. But more households were considering buying a home or investing in other assets in the …
In China, more families on the fence on home buying, foreclosures cloud sector Read More »
BENGALURU (Reuters) – Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in a …
India finance minister and U.S. Treasury’s Yellen discuss debt, crypto Read More »
