By Heekyong Yang and Joyce Lee SEOUL (Reuters) – South Korea’s Hyundai Motor Group has signed an agreement to source electric vehicle (EV) batteries in North America from battery maker SK On, the companies said on Tuesday. The partnership follows the signing in August of the U.S. Inflation Reduction Act, which will require automakers to …
Hyundai Motor, SK On sign EV battery supply pact for N. America Read More »
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday. Slowing exports will not affect the ministry’s growth outlook of 3.4% for this year as the crucial tourism sector picks …
Thai economy may miss forecast next year as global growth slows -Finance Minister Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s biggest buyer of liquefied natural gas (LNG), JERA, expects Freeport LNG’s production at its fire-hit Texas plant to partially resume in mid-December and its shipments to be fully back by March, President Satoshi Onoda said on Tuesday. U.S. LNG company Freeport LNG has said it was targeting a mid-December …
JERA expects fire-hit Freeport LNG Texas shipments to fully resume by March Read More »
TOKYO (Reuters) – Japan’s second, 29 trillion yen ($210 billion) supplementary stimulus budget for this fiscal year is set to clear the lower house on Tuesday, paving the way for the spending plan to win final parliamentary approval in the upper chamber this week. The supplementary budget, backed mostly by additional bond issuance, highlights Prime …
Japan’s $210 billion supplementary budget set to pass lower house Read More »
By Clare Jim and Xie Yu HONG KONG (Reuters) – Chinese property developers’ shares and bonds soared on Tuesday after regulators lifted a ban on equity refinancing for listed firms, the latest support measure for a cash-squeezed sector that has been a key pillar of the world’s No. 2 economy. China has progressively stepped up …
Factbox-Regulatory measures to support China’s property sector Read More »
BENGALURU (Reuters) -China’s Shanghai Fosun Pharmaceutical Group Co Ltd is considering a sale of Indian drugmaker Gland Pharma Ltd, Bloomberg News reported on Tuesday, citing people familiar with the matter. Fosun, which holds a 57.86% stake in Gland Pharma, did not immediately respond to Reuters’ request for comment. Gland Pharma declined to comment. The Chinese …
Fosun weighs sale of Indian drugmaker Gland Pharma – Bloomberg News Read More »
By Uday Sampath Kumar and Siddharth Cavale (Reuters) -Spending on Cyber Monday, the biggest U.S. online shopping day, may hit a record $11.6 billion according to one preliminary estimate, as discounts on everything from pajamas to AirPods tempt shoppers to click “buy” despite the strain on household budgets from high inflation. The estimate from Adobe …
Retailers on track for record Cyber Monday -Adobe Analytics Read More »
By Ismail Shakil OTTAWA (Reuters) – Canada will support local businesses seeking to establish a strong presence in the Indo-Pacific through its new strategy for the fast-growing region, Canadian Trade Minister Mary Ng said on Monday. Canada unveiled its Indo-Pacific strategy on Sunday, outlining spending of C$2.3 billion ($1.7 billion) to boost military and cyber …
Canada to support business growth in Indo-Pacific under new plan -trade minister Read More »
By Nia Williams (Reuters) – Global oil benchmarks pulled back from their lowest levels in nearly a year on Monday, with U.S. crude ending positive, bolstered by talk of an OPEC+ production cut that offset concerns about strict COVID-19 curbs in China, the world’s biggest crude importer. Price action was volatile. U.S. West Texas Intermediate …
U.S. crude turns positive, Brent pares losses on OPEC+ cut rumors Read More »
SINGAPORE (Reuters) – Singaporean state investor Temasek Holdings will open an office in Paris next year as it seeks to focus on investments in the Europe, Middle East and Africa (EMEA) region, it said on Tuesday. “Our decision to open a new European office reflects the continuing importance of EMEA as an investment destination,” Temasek’s …
Singapore state investor Temasek to open Paris office in 2023 Read More »
