By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s palm oil stocks at the end of August climbed to their highest in 33 months, as output rose with peak production season getting underway, palm oil board data showed on Monday. Inventories rose 18.16% from the previous month to 2.09 million tonnes, hitting the highest level …
Malaysia end-Aug palm oil stocks jump to 33-month high Read More »
(Reuters) -Capital A Bhd, the parent of Malaysian budget airline AirAsia, said on Monday its Teleport cargo arm would add three Airbus SE A321 freighters to its fleet starting in the first quarter of 2023. The freighters would be leased from BBAM Limited Partnership, Capital A said in a statement. Teleport last year began operating …
AirAsia parent to add three A321 freighters to fleet Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s government must take steps as needed to counter excessive declines in the yen, a senior government official said on Sunday, as the currency slides to its weakest level against the dollar in 24 years. The comments from Seiji Kihara, the deputy chief cabinet secretary of Prime Minister Fumio Kishida’s …
Japan must take steps against ‘excessive’ yen moves – govt spokesman Read More »
TOKYO (Reuters) – Japanese industry minister Yasutoshi Nishimura said he hopes to hold a meeting by the government and the heads of automakers to talk about the future of the automobile industry as early as next month, Kyodo news agency said on Sunday. “The automobile industry is entering a period of major transformation,” Nishimura told …
Japan govt, automakers to discuss industry’s future as early as October -Kyodo Read More »
MUMBAI (Reuters) – Indian authorities on Sunday said they had arrested a man who had masterminded the creation of many shell companies linked to China and appointed dummy directors to run the fraudulent businesses. The latest arrest was part of a larger probe launched by the federal government’s Serious Fraud Investigation Office (SFIO) against founders …
India says it uncovers fraudulent shell companies with Chinese links Read More »
HAIPHONG, Vietnam (Reuters) – Vietnamese carmaker VinFast on Saturday began handing its first batch of 100 all-electric sport utility vehicles (SUVs) to local customers, with U.S. deliveries of the vehicle due to begin as soon as December. VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes …
Vietnam’s VinFast hands over first electric SUVs, eyes U.S. deliveries Read More »
(Reuters) – Cathay Pacific Airways Ltd said it would gradually increase flying capacity in the coming months after the Hong Kong government on Friday lifted rules requiring passenger crew to quarantine in a hotel for three days on return to the city. The onerous crew quarantine rules had made rostering difficult and were a major …
Cathay Pacific to gradually increase capacity after crew quarantine rules lifted Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global stocks rallied on Friday, led by technology and growth shares, and interest-rate sensitive two-year U.S. Treasury yields hit more than 14-year highs as investors digested the view that more interest rate hikes are needed. The dollar fell to a more than one-week low and the euro rose …
Stocks jump as growth shares lead; 2-year U.S. yields hit 14-year highs Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose about 4% on Friday, supported by real and threatened cuts to supply, although futures posted a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook. Russian President Vladimir Putin has threatened to halt oil and gas exports to …
Oil rises 4% on supply threats, still set for weekly drop Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of a U.S. inflation report that could determine the size of the Federal Reserve’s rate hike at this month’s policy meeting. On the week, the dollar …
Dollar slides as investors balance positions ahead of U.S. inflation data Read More »
