Reuters Asia Business Archives - Page 1724 of 2133

Vietnam’s largest refinery’s RFCC unit shut for troubleshooting – sources

31 Dec 2022 31 Dec 2022

HANOI (Reuters) – Vietnam’s largest refinery, Nghi Son Refinery and Petrochemical (NSRP), has shut a residual fluid catalytic cracking (RFCC) unit for “troubleshooting”, two sources familiar with the matter said. “The issue was detected earlier this week and the refinery has been fixing it,” one of the sources said, adding that “the unit is expected …

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Oil ends year of wild price swings with 2nd straight annual gain

30 Dec 2022 30 Dec 2022

By Laila Kearney NEW YORK (Reuters) -Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain. Prices surged in March as Russia’s invasion …

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Taiwan central bank to incorporate climate change risks into forecasting

30 Dec 2022 30 Dec 2022

TAIPEI (Reuters) – Taiwan’s central bank said on Friday it would begin incorporating climate change risks into its modelling and forecasts for inflation and economic growth and adapt monetary policy to promote sustainable development. Taiwan said last year it intended to achieve net-zero emissions by 2050 and the government has pledged to spend T$900 billion …

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Apple CEO Cook conveyed app store curb concerns to Japan PM – Nikkei

30 Dec 2022 30 Dec 2022

(Reuters) – Apple Inc Chief Executive Tim Cook asked Japanese Prime Minister Fumio Kishida to consider protecting users when regulating distribution of smartphone apps, Nikkei reported on Friday citing sources. Apple has faced heightened scrutiny over its App Store practices that charge a 30% fee on payments and subscriptions and does not allow iPhones to …

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China’s Huawei sees ‘business as usual’ as U.S. sanctions impact wanes

30 Dec 2022 30 Dec 2022

By Josh Horwitz SHANGHAI (Reuters) – Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s …

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Analysis-Chinese airlines primed to take advantage of border opening

30 Dec 2022 30 Dec 2022

By Jamie Freed and Sophie Yu SYDNEY/BEIJING (Reuters) – Chinese airlines will be the early winners of the country’s international reopening, analysts say, having kept most widebody planes and staff ready while foreign carriers struggle with capacity constraints after previous border openings. Less than one-fifth of China’s widebody fleet of about 500 planes is in …

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Toshiba bidder JIP still hasn’t secured firm commitments from lenders, sources say

30 Dec 2022 30 Dec 2022

TOKYO (Reuters) – The preferred bidder for Toshiba Corp was not able finalise its planned 1.4 trillion yen ($10.61 billion) in financing for the acquisition as of Friday, two sources said, delaying into next year its effort to secure firm commitments from banks. Private equity firm Japan Industrial Partners (JIP) had been expected to secure …

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China Evergrande’s EV unit lays off employees, cuts salaries

30 Dec 2022 30 Dec 2022

(Reuters) -China Evergrande Group’s electric vehicle unit said on Friday it was laying off workers and cutting the salaries of some employees as a part of its cost-reduction measures. The unit, China Evergrande New Energy Vehicle Group Ltd, also said it was arranging for some employees to take a break from work. The statement comes …

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FTX Japan to return assets to clients from February

30 Dec 2022 30 Dec 2022

TOKYO (Reuters) – The Japanese unit of failed cryptocurrency exchange FTX said on Friday it would return its customer assets from February. FTX Japan is developing a system with which customers can withdraw assets via the website of Liquid Japan, a crypto exchange it bought in February this year. “We deeply apologise for the big …

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Japan insurers to maintain cover for LNG vessels in Russian waters

30 Dec 2022 30 Dec 2022

By Ritsuko Shimizu and Yuka Obayashi TOKYO (Reuters) – Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for liquefied natural gas (LNG) vessels, industry sources said on Friday. Japan’s Tokio Marine & Nichido Fire Insurance, …

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Reuters Asia Business﻿﻿

Reuters Asia Business