JAKARTA (Reuters) – Indonesian state miner Aneka Tambang plans to start operations at its new ferronickel plant on the island of Halmahera in the second half of 2023, the company said, after years of delays due to power supply issues. The company had initially planned to launch operations at the plant in East Halmahera in …
Indonesia’s Antam targets H2 2023 launch for ferronickel plant Read More »
(Corrects to 2023 in the last paragraph, not 2013) BEIJING (Reuters) -Chinese new-home sales rose more than 20% year-on-year over the three-day New Year holiday starting from Dec. 31, due to promotions, support policies taking effect and the gradual release of pent-up demand after high COVID-19 cases. Among 22 cities selected by the China Index …
China’s holiday home sales rise 27.1% y/y – private survey Read More »
By Clare Jim HONG KONG (Reuters) – A tender for the sale of embattled China Evergrande Group’s headquarters in Hong Kong has lapsed again, two sources with knowledge of the matter said on Tuesday, because the offer prices and terms fell short of requirements. Lenders to the office tower, China Evergrande Centre, valued at between …
Tender sale of Evergrande’s Hong Kong headquarters fails again -sources Read More »
SEOUL (Reuters) – South Korea’s finance ministry said on Tuesday it was easing financial regulations on home buyers in most districts of the capital Seoul, in an effort to support the country’s sharply falling property market. Among 25 districts in Seoul, only four will remain on the finance ministry’s “speculative area” list starting from Thursday, …
South Korea eases property regulations across capital Seoul Read More »
By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) -South Korea’s Hyundai Motor Co and affiliate Kia Corp forecast on Tuesday that their combined global sales will jump nearly 10% in 2023, even as last year’s sales fell short of target due to supply chain disruptions. The companies sold 6.85 million vehicles in 2022, about 4% …
Hyundai Motor, Kia expect auto sales to jump nearly 10% in 2023 Read More »
(Reuters) -Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters. The Tesla posting showed that Zhu’s title of vice president for Greater China …
Exclusive-Tesla makes China boss highest-profile executive after Musk Read More »
JAKARTA (Reuters) – Indonesia’s state-owned railway firm PT KAI said on Tuesday it has received a 3.2 trillion rupiah ($205.33 million) capital injection from the government to help a consortium of Indonesian and Chinese state companies complete a high-speed rail project. The capital top up will partially finance rising costs to build a 142-km (88.23 …
Indonesia rail company gets $200 million capital top up for China-backed project Read More »
JAKARTA (Reuters) – Indonesia recorded a 464.3 trillion rupiah fiscal deficit in 2022, or 2.38% of gross domestic product, based on unaudited data, its finance minister Sri Mulyani Indrawati said on Tuesday, much smaller than originally designed. The government had initially targeted a budget deficit of 4.85% of GDP. Revenue collection, however, got a boost …
Indonesia’s 2022 unaudited budget deficit at 2.38% of GDP -Finance Minister Read More »
SHANGHAI (Reuters) -China’s securities regulator said it would fully check securities firms’ financing needs after Huatai Securities Co Ltd proposed a share placement plan that would be one of the biggest in China’s brokerage industry. The China Securities Regulatory Commission (CSRC) in a statement on Tuesday said it will fully pay attention to the necessity …
China securities regulator to check brokers’ financing needs after Huatai share plan Read More »
SEOUL (Reuters) – South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of …
South Korea fines Tesla $2.2 million for exaggerating driving range of EVs Read More »
