SEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO’s plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed. “A fire broke out at our Pohang steel plant – two factories at the plant were affected by the fire – and the fires have been put out,” said the POSCO …
POSCO says fire put out at S.Korea steel plant, production halted due to flooding Read More »
(Reuters) – China has postponed a key financial gathering set for this week in its financial hub of Shanghai, authorities said on Tuesday, adding that they were aiming for deeper discussion of the topics to be considered. The delay comes amid a fresh wave of COVID-19 outbreaks in cities such as Shenzhen and Chengdu, at …
China postpones key annual financial forum in Shanghai Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices. Brent crude futures for November delivery settled $2.72 higher at $95.74 a barrel, a 2.92% gain. Prices had climbed nearly $4 earlier in the session, …
Oil up nearly 3% as OPEC+ agrees to small oil output cut Read More »
By Joori Roh SEOUL (Reuters) – South Korea raised its typhoon-alert to its highest level on Monday as approaching Typhoon Hinnamnor forced flight cancellations, the suspension of some business operations and the closure of schools. Heavy rain and strong wind pounded the south of the country as the typhoon approached from the south at a …
South Korea braces for ‘very strong’ typhoon, businesses curb operations Read More »
By Joori Roh SEOUL (Reuters) -South Korea raised its typhoon-alert to its highest level on Monday as approaching Typhoon Hinnamnor forced flight cancellations, the suspension of some business operations and the closure of schools. Heavy rain and strong wind pounded the south of the country as the typhoon approached from the south at a speed …
South Korea braces for ‘very strong’ typhoon, businesses curb operations Read More »
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes fell on Monday, the euro dropped below 99 cents for the first time in twenty years and European gas prices surged after Russia said its main gas supply pipeline to Europe would stay shut. Gas deliveries had been due to resume on Saturday, but Russia scrapped that …
European stocks fall after gas pipeline shutdown Read More »
By Stefanno Sulaiman and Yuddy Cahya Budiman JAKARTA (Reuters) -Indonesian authorities were on Monday bracing for mass protests after an unpopular hike in fuel prices, a move the government said could see inflation increase to 6.8% this year, though with limited impact on economic growth. President Joko Widodo bit the bullet and raised subsidised fuel …
Indonesia braces for fuel hike protests, soaring inflation Read More »
BANGKOK (Reuters) – Tesla Inc is stepping up recruitment in Thailand, Southeast’s Asia automotive hub, with the U.S. electric vehicle (EV) maker looking to hire a business development manager and recruiters, its website shows. The job announcements come as demand and interest for EVs in Thailand picks up due to concerns over high energy prices …
Tesla steps up recruiting in Thailand as EV competition heats up Read More »
By Chen Lin and Scott Murdoch SINGAPORE/HONG KONG (Reuters) -Georgia’s former prime minister Bidzina Ivanishvili alleged on Monday a trust unit of Credit Suisse had failed to take steps to prevent him from losing $1.27 billion, as a Singapore court started to hear evidence in the case. Ivanishvili has accused Credit Suisse Trust Ltd in …
Ex-Georgia PM blames Credit Suisse unit for $1.27 billion losses in Singapore case Read More »
TOKYO (Reuters) -Japan’s Toyota Motor Corp will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said on Monday. Toyota will suspend Monday night shift production starting at 9 p.m. (1200 GMT) and cancel Tuesday morning production at three factories in the western prefecture of Fukuoka. The automaker …
Toyota, Nissan to suspend production in western Japan as typhoon nears Read More »
