TOKYO (Reuters) – Chinese fashion retailer Shein is to open its first permanent premises in Tokyo this month, the company said on Tuesday, aiming to bolster its online brand with a physical presence. Opening from Nov. 13 on Cat Street in the Harajuku fashion district, it will be the company’s first such physical event space …
Chinese fashion retailer Shein to open permanent ‘event space’ in Tokyo Read More »
SINGAPORE (Reuters) – Taiwan’s state-run refiner CPC Corp is sticking to its maintenance schedule despite a fire at its Talin refinery last week, a company spokesperson said on Tuesday. The company plans to restart the 100,000 barrel-per-day No. 10 crude distillation unit (CDU) at the refinery in Kaohsiung on Nov. 26 after it went offline …
Taiwan’s CPC Corp sticks to refinery maintenance plans despite fire Read More »
BEIJING (Reuters) – China’s finance ministry encourages administrative bodies to revitalise idle state-owned assets, including by market-based leasing or selling those assets as some were poorly managed, said a notice by the ministry on Tuesday. The notice came as administrative bodies and local governments are suffering fiscal pain as COVID-19 curbs reduced tax income while …
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HANOI (Reuters) – Some gas stations in Vietnam’s two biggest cities and adjoining districts have shut or limited sales this week, witnesses and state media said on Tuesday, amid concerns about a fuel supply crunch spreading in the Southeast Asian country. On Friday, the Minister of Industry and Trade Nguyen Hong Dien said Vietnam was …
Vietnam gas station closures raise concerns of fuel supply crunch Read More »
HONG KONG (Reuters) – Hong Kong’s September retail sales climbed 0.2% from a year earlier thanks to an increase in sales of electrical goods and other consumer durable goods, government data showed on Tuesday. Sales rose to HK$28.1 billion ($3.58 billion). That compared with a revised 0.2% slide in August. In volume terms, retail sales …
By A. Ananthalakshmi and Trixie Sher Li Yap KUALA LUMPUR (Reuters) – Malaysian state energy firm Petronas said on Tuesday it was studying the damage to interconnecting pipes caused by a fire last week at its refinery and petrochemical joint venture with Saudi Aramco. Petronas said last Thursday a fire and explosion occurred at the …
Petronas says assessing fire damage at Malaysian joint venture with Aramco Read More »
SHANGHAI (Reuters) – Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on social media that China was planning a reopening from strict COVID curbs in March triggered a sharp rebound following last month’s savage selling. A Chinese foreign ministry spokesman later said he was unaware of the …
China, HK stocks rebound sharply on unverified social media posts over COVID easing Read More »
SEOUL (Reuters) – South Korea said on Tuesday it has launched the government-backed battery alliance to better source key metals in a bid to support the country’s battery industry. The plan is part of President Yoon Suk-yeol administration’s strategy to strengthen the growing industry. South Korea, home to major battery makers LG Energy Solution, Samsung …
S.Korea launches government-backed battery alliance to source key metals Read More »
ABU DHABI (Reuters) – Sri Lanka’s energy and power minister Kanchana Wijesekera said on Tuesday his country was expecting a diesel shipment from China that will possibly arrive by the end of November, as his country faces a deep financial crisis. Wijesekera was answering reporters’ questions on the sidelines of an industry conference in Abu …
Sri Lanka energy minister: expects diesel shipment from China, possibly by November Read More »
KARACHI, Pakistan (Reuters) – Pakistan’s CPI rose 26.6% in October, year-on-year, the statistics bureau said on Tuesday. Prices were up 4.7% in October from the previous month, the bureau said in a press release. In September the CPI rise was 23.2%, year-on-year. (Reporting by Gibran Peshimam, Editing by Louise Heavens)
