BEIJING (Reuters) – Chinese planemaker Commercial Aircraft Corporation of China (COMAC) secured orders from multiple leasing firms to supply a total of 330 planes, according to local news service Yicai. COMAC said at China’s biggest airshow in Zhuhai on Tuesday that 300 of the planes are narrowbody jetliner C919s and 30 are ARJ21 regional jets. …
Chinese planemaker COMAC received new orders for 330 planes Read More »
By Gilles Guillaume PARIS (Reuters) -French car maker Renault plans to raise operating margins to 8% by 2025 and reinstate dividends from next year after a three-year hiatus thanks to an overhaul of its business that includes spinning off its electric vehicle unit. Renault, ahead of a long-waited investor presentation on Tuesday, set the 8% …
Renault raises planned operating margin goal, to reinstate dividend Read More »
By Chen Aizhu and Trixie Sher Li Yap SINGAPORE (Reuters) – China’s refined oil product exports in November are set to hit the highest since April 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of slower domestic demand from COVID-19 restrictions. The world’s top two …
Chinese refiners boost diesel output to profit from robust export margins Read More »
HONG KONG (Reuters) – Almost 40 residential buildings of China Evergrande Group’s mega resort project on Hainan island seized by the local government will be completed for rental housing, serviced apartments and commercial activities. In December, the government of Danzhou city ordered demolition of 39 towers in the Ocean Flower Island development, containing roughly 3,900 …
BANGKOK (Reuters) – Thailand is walking back a policy that would have allowed limited land ownership by wealthy foreigners, a government official said on Tuesday, after a public backlash against the plan. Earlier this year, the government announced the plan aimed at attracting investment from overseas, limiting foreigners to 1 rai (0.16 hectares) of land …
Thailand scraps plan to allow foreigners to buy land Read More »
(This Nov. 7 story has been refiled to fix benchmark in paragraph 8) By Nell Mackenzie and Summer Zhen (Reuters) – Hedge funds buying and selling Chinese stocks tracked by HSBC have slumped by an average of 21% this year, just as some of the world’s biggest investors boost their exposure to China on re-opening …
Chinese stockpickers down 21% for 2022 -HSBC data Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Figures from Beijing on Monday showed that China’s FX reserves unexpectedly rose in October, but there are unlikely to be similar surprises in Japan’s numbers due early on Tuesday. They will almost certainly show a decline in official …
FRANKFURT (Reuters) – The German government will likely block the Chinese takeover of Elmos’ chip factory, the Dortmund-based company said on Monday. The economics ministry had been examining the sale to competitor Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics . The deal “will most likely be prohibited” in a …
Germany likely to block Chinese takeover of Elmos’ chip production Read More »
By Norihiko Shirouzu, Maki Shiraki and David Dolan BEIJING/TOKYO (Reuters) – Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is …
Renault’s talks with Geely complicated by Nissan concerns -sources Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world’s top crude importer, potentially relaxing its strict COVID-19 restrictions. Brent crude futures fell 65 cents to settle at $97.92 a barrel. Earlier in the session, they rose to …
Oil falls in choppy trade on mixed China COVID signals Read More »
