(Reuters) -Vietnam-based electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering in the United States and plans to list its ordinary shares on the Nasdaq under ticker symbol “VFS”. For the IPO, the company said it will convert to a Singapore public limited company and will be known as VinFast …
(Reuters) -Pakistan is committed to completing the International Monetary Fund programme while meeting external debt repayments on time, the country’s finance minister said on Tuesday during a meeting with the ambassador of its top bilateral lender China. An IMF review for the release of its next tranche of funding has been pending since September, leaving …
Pakistan committed to completing IMF programme – finance minister Read More »
JAKARTA (Reuters) – Indonesia’s president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday. B35 is a fuel containing a 35% mix of palm oil-based fuel. Indonesia, the world’s top palm oil producer, currently has a mandatory 30% mix of palm …
Indonesia govt to create a mechanism for rollout of B35 biodiesel policy Read More »
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Jollibee Foods Corp, the biggest fast-food operator in the Philippines, is in advanced discussions to sell a minority stake in its Vietnamese coffee chain Highlands Coffee, two sources with knowledge of the matter told Reuters. Jollibee, controlled by Philippine billionaire Tony Tan Caktiong, is considering a …
Philippines’ Jollibee in talks to sell a stake in Vietnam’s Highlands Coffee -sources Read More »
By Ju-min Park and Heekyong Yang UIWANG, South Korea (Reuters) -A nationwide strike by South Korean truckers has led nearly 100 petrol stations across the country to run dry, government data show, and a national trade union launched a general strike on Tuesday in support of the drivers. The truckers’ strike over a minimum pay …
By Hyunsu Yim SEOUL (Reuters) – A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer cash of 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday that kept any stock from changing hands. While not yet final, the decision preserves …
South Korea divorce ruling lets SK Group chief keep shares in parent Read More »
By Gaurav Dogra (Reuters) – Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes. Expectations that China would gradually loosen its zero-COVID policy and open up its economy also lifted sentiment. Data from stock exchanges …
Asian stocks draw highest monthly foreign inflows in two years Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index is up nearly 5% from its lows and notched its best monthly gain in …
HANOI (Reuters) – South Korean electronics giants Samsung and LG plan to pour billions of dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday. The announcement comes after Samsung cut smartphone production in Vietnam twice this year in response to weaker global demand. Samsung Electronics, the largest single …
Samsung, LG plan multi-billion-dollar additional investment in Vietnam Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 3% on Monday, following U.S. stock markets lower, after U.S. service sector data raised worries that the Federal Reserve could continue its aggressive policy tightening path. Brent crude futures settled down $2.89, or 3.4%%, at $82.68 a barrel. West Texas Intermediate crude (WTI) fell $3.05, …
Oil falls over 3% after data raises Fed interest rate worries Read More »
