Reuters Asia Business

By David Lawder NUSA DUA, Indonesia (Reuters) -Indonesia, the Asian Development Bank and a private power firm said on Monday they are teaming up to refinance and prematurely retire a coal-fired power plant, the first such project under a groundbreaking carbon emissions reduction programme. The 660-megawatt Cirebon 1 power plant in West Java would be …

Indonesia, ADB launch first coal power plant retirement deal Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets kick off the trading week on Monday, with investors probably still reeling from what was one of the most dramatic weeks in recent market history. The week ahead surely won’t be anywhere near as volatile. Just …

Marketmind: Drawing breath after tumultuous week Read More »

(Reuters) -The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highestprofile crypto blowups, after traders rushed to withdraw $6billion from the platform in just 72 …

FTX collapse being scrutinized by Bahamas investigators Read More »

By Francesco Guarascio HANOI (Reuters) – German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz’s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights …

Germany’s Scholz visits Vietnam as manufacturers eye shift from China Read More »

NUSA DUA, Indonesia (Reuters) – Indonesian metals company PT Adaro Minerals Indonesia, Tbk has signed a memorandum of understanding (MoU) with South Korea’s Hyundai Motor Company on aluminium supply for automobile manufacturing, Adaro said in a statement on Sunday. The MoU was signed on the sidelines of the G20 summit in Bali, Indonesia. Under the …

Indonesia’s Adaro signs MoU with Hyundai for aluminium supply Read More »

BEIJING (Reuters) -Chinese regulators have asked financial institutions to extend more support to property developers to shore up the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A notice to the institutions from the People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission …

China regulators urge more financing support for property firms -sources Read More »

By Kanishka Singh (Reuters) – The head of the International Monetary Fund warned of risks to the global economy from the rivalry between China and the United States, while describing tariffs put on Chinese imports under then-President Donald Trump as counterproductive. “We may be sleepwalking into a world that is poorer and less secure as …

IMF chief warns on U.S.-China rivalry, calls Trump-era tariffs counterproductive Read More »

By David Lawder NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Janet Yellen will seek clarity on China’s plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China’s central bank chief, Treasury officials said on Sunday. The officials told reporters in Bali, ahead of …

Yellen to seek clarity from China on COVID, property -officials Read More »