By Aditi Shah and Satoshi Sugiyama NEW DELHI/TOKYO (Reuters) -Nissan Motor Co and Renault SA will invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The investment, planned over a period of three to …
Nissan, Renault plan India reboot with $600 million investment in new models Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record high following aggressive imports in the past three months, industry officials said. That’s a sharp contrast with last year when a sudden change in …
India seen coping with Indonesia curbs on palm oil exports Read More »
By Chen Aizhu and Marwa Rashad SINGAPORE/LONDON (Reuters) – China National Petroleum Corp (CNPC) is close to finalising a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter’s massive North Field expansion project, three people with knowledge of the matter said. If sealed, this would be …
China’s CNPC set to seal mega Qatari LNG deal – sources Read More »
(Reuters) – Japanese investors turned net buyers of overseas bonds in January for the first time in five months, as U.S. bond yields retreated on signs that slowing inflation would prompt major central banks to reduce their pace of rate hikes. According to data from Japan’s Ministry of Finance, Japanese investors purchased a net 1.56 …
Japanese investors turn net buyers of overseas bonds in January Read More »
SHANGHAI (Reuters) – Slashed prices have given Tesla’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its China-made vehicles …
Analysis-In China, Tesla could win electric vehicle price battle – but lose the war Read More »
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – An expected pick-up in loan demand in China this year from both companies and households will ease pressure on net interest margins of banks as they emerge from a pandemic-induced economic slowdown, analysts and bankers said. Chinese banks’ net interest margins, a key measure of profitability, …
Chinese banks’ margin pressures to ease as loan demand bounces back Read More »
(This Feb. 10 story has been corrected to change the Chinese bond index name in paragraph 10.) By Summer Zhen HONG KONG (Reuters) – Global investors are reducing their holdings of Chinese government bonds, a steady source of secure returns during the pandemic years, as they prepare for some monetary tightening in China and eye …
Global investors losing appetite for Chinese government bonds Read More »
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief executive said, as Southeast Asia’s largest bank by assets reported record quarterly and full-year profit. Singapore lenders, like global peers, are benefiting from …
Singapore’s DBS profit jumps two-thirds, CEO sees rate rises moderating Read More »
By Aziz El Yaakoubi RIYADH (Reuters) -Saudi Arabia has 23 companies approved to list on the kingdom’s stock exchange, the head of the kingdom’s Capital Market Authority (CMA) said on Sunday. There are also more than 75 applications pending approval to list and 70 signed mandates with financial intermediaries and advisers in the early part …
Saudi bourse has 23 companies waiting to go public, says CMA head Read More »
BEIJING (Reuters) – China’s property giant Vanke Co Ltd plans to raise up to 15 billion yuan ($2.2 billion) in a private placement of A-shares that it said will fund 11 property projects and boost capital reserves. Vanke plans to sell up to 1.1 billion A-shares, representing 9.46% of its total share capital before the …
China’s Vanke to raise 15 billion yuan in private placement for projects Read More »
