(Corrects the month Honda began cutting production to July from August in paragraph 5) TOKYO (Reuters) – Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans, as the company battles with persistent supply chain and logistical …
Honda to cut car output at two Japanese plants in October Read More »
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Energy demand in Southeast Asia countries could triple by 2050 and the region could become net importer of natural gas and coal before that if the region do not develop alternative sources of energy, a study by the region’s energy sector body found. For the 10-nation …
Southeast Asia countries need energy diversification as demand seen surging Read More »
TAIPEI (Reuters) – Taiwan’s inflation heated up in September, with the consumer price index (CPI) rising 2.75% from a year earlier, broadly in line with economists’ predictions though also below 3% for the second month in a row. The pace quickened from a 2.66% year-on-year reading for August, the Directorate General of Budget, Accounting and …
Taiwan Sept inflation rate edges up slightly, but still below 3% Read More »
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk’s proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter. Apollo had been in talks to provide …
Funders of Musk’s proposed Twitter buyout have bailed on him Read More »
TOKYO (Reuters) -Malaysia LNG, majority owned by Petronas, has declared force majeure on liquefied natural gas supplies to its customers, including Japanese utilities, Mitsubishi Corp, which owns a stake in Malaysia LNG, said on Thursday. The move came after Petronas declared force majeure on gas supplies to its LNG production and sales unit, Malaysia LNG, …
Malaysia LNG declares force majeure on supply to customers -Mitsubishi Read More »
BERLIN (Reuters) – Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said on Thursday. An official announcement is expected next week, one person close to negotiations said. Two sources said the investment would be above 1 billion euros ($990.60 million). Volkswagen declined …
Volkswagen plans over 1 billion euro investment in software JV in China – sources Read More »
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) -Shares of Chinese lithium battery maker CALB Co Ltd stock ended their first day of trading flat on the Hong Kong Stock Exchange on Thursday, extending the run of lacklustre initial public offering (IPO) debut performances in the city this year. The company raised $1.28 billion …
China battery maker CALB closes flat in Hong Kong debut Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) on Thursday painted a cautiously optimistic view on consumption, and joined the government in voicing hope that next week’s re-opening of borders will boost inbound tourism and help the economy benefit from a weak yen. In a quarterly report on regional economies, however, the …
BOJ hopeful of inbound tourism boost from weak yen even as global risks weigh Read More »
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on Thursday, as the island nation struggles to find a way out of a crippling economic crisis. Sri Lanka has to renegotiate around $30 billion of foreign debt, including with bilateral …
Japan says no pact yet with Sri Lanka on debt restructure talks Read More »
SINGAPORE (Reuters) – TotalEnergies will start offering biofuels as a bunkering fuel to its customers in Singapore from next year, a senior executive at the French energy giant said on Thursday, as the company seeks to reduce its emissions in shipping. The move would reduce greenhouse gas emissions from shipping by 20-25%, said Vice President …
TotalEnergies to offer biofuels for ships in Singapore from next year Read More »
