TOKYO (Reuters) -The Japanese government said on Friday it had designated two sites off the coast of Akita and Fukuoka prefectures as “promising zones” for developing offshore wind farms. Japan wants to accelerate renewable energy development to reach carbon neutrality by 2050, though confidence in offshore wind has been shaken by the recent withdrawal from …
Japan selects two promising areas for offshore wind farms Read More »
HONG KONG (Reuters) -China is monitoring the progress of Mexico’s anti-dumping investigations into Chinese products and urges the country to abide by World Trade Organisation rules for the process, a Chinese Ministry of Commerce spokesperson said on Friday. “We have noted that Mexico’s Ministry of Economy, at the request of domestic companies, has recently initiated …
China monitoring Mexico anti-dumping probe on its products Read More »
JAKARTA (Reuters) -Indonesia on Friday urged the European Union to immediately remove the countervailing and anti-dumping duties on its stainless steel products, after a World Trade Organization panel backed the Southeast Asian country. The WTO panel on Thursday said the EU had acted inconsistently with some WTO rules in a dispute over its duties on …
Indonesia urges EU to remove duties on stainless steel products after WTO ruling Read More »
(Corrects length of security review to seven months from five in paragraph 3) TOKYO (Reuters) -Taiwan’s Yageo has succeeded in its $740 million unsolicited bid to buy Japan’s Shibaura Electronics as a majority of shareholders tendered to its bid of 7,130 yen ($48.32) per share, it said in a filing on Friday. The bid’s success …
Yageo succeeds in $740 million tender offer for Shibaura Electronics, filing shows Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Artificial intelligence startups are attracting record sums of venture capital, but some of the world’s largest investors warned that early-stage valuations are starting to look frothy, senior investment executives said on Friday. “There’s a little bit of a hype bubble going on in the early-stage venture space,” said Bryan Yeo, …
AI startup valuations raise bubble fears as funding surges Read More »
By Leika Kihara OSAKA (Reuters) -Bank of Japan Governor Kazuo Ueda said inflation was on track to durably hit the bank’s target but warned of global uncertainties that could discourage firms from raising wages, leaving himself a free hand on whether to raise interest rates in October. Ueda reiterated the central bank’s resolve to continue …
BOJ’s Ueda warns of global uncertainty, keeps markets guessing on next hike Read More »
By Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s private fuel retailers are facing gasoline shortages due to a jump in demand as consumers shift away from state-owned Pertamina following concerns over its fuel quality and as the government capped imports. Many fuel stations operated by companies such as Shell, BP, and others have run out of gasoline …
Explainer-Why do private gasoline retailers in Indonesia face shortages? Read More »
HANOI (Reuters) -The death toll in Vietnam from Typhoon Bualoi and the floods it triggered has risen to 51, according to a Friday government report, as the central bank urged banks to support affected businesses. Bualoi made landfall on Monday in northern central Vietnam, bringing huge sea swells, strong winds and heavy rains that also …
Bualoi death toll rises to 51 in Vietnam, banks told to support affected firms Read More »
JAKARTA (Reuters) -Indonesia’s state utility firm Perusahaan Listrik Negara (PLN) has started constructing a 92-megawatt-peak floating solar power plant in the West Java province as part of the country’s renewable energy drive, it said on Friday. Indonesia plans to add 42.6 gigawatts of renewable energy, almost 61% of the additional power it plans to raise, …
Indonesia starts construction of 92 megawatt floating solar plant Read More »
HANOI (Reuters) -Vietnam’s central bank expects credit to increase by 19% to 20% this year and will prioritise economic growth while maintaining stability in the face of global uncertainties, senior officials said on Friday. Deputy Governor Pham Thanh Ha also said at a press conference that commercial banks’ lending interest rates were on a downward …
Vietnam central bank says will prioritise growth, sees big credit expansion Read More »
