SHANGHAI (Reuters) -United Imaging Healthcare Co’s shares surged as much as 75% in their Shanghai debut on Monday after the Chinese firm’s $1.6 billion initial public offering (IPO), the biggest on China’s tech-focused STAR Market so far this year. The jump came after strong demand during the share sale, the third-largest listing in China this …
United Imaging shares shoot 75% higher in Shanghai debut Read More »
SEOUL (Reuters) – A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade Hyundai Motor Co to bring forward the start-date for construction of an EV and battery plant in the United States to as early as this year, Yonhap news agency reported on Monday. Hyundai Motor had said …
Hyundai Motor considers speeding up construction of U.S. EV plant – Yonhap Read More »
By Anshuman Daga, Kane Wu and Yantoultra Ngui SINGAPORE (Reuters) – Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters. CVC has engaged a financial adviser for the negotiations, said …
CVC in talks to exit top Indonesian snacks maker GarudaFood -sources Read More »
A look at the day ahead in European and global markets from Anshuman Daga After the latest data confirmed fears about a runaway rise in euro zone consumer prices, will business activity spring a double whammy? While European Central Bank board member Isabel Schnabel did not rule out a technical recession in the 19-country block …
By David Stanway SHANGHAI (Reuters) – Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead of schedule – and may hit a more painful peak. Chinese President Xi Jinping pledged last year to “strictly …
Analysis-China no closer to peak coal despite record renewable capacity additions Read More »
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China …
Luxury sneakers may be a step too far for cash-strapped Gen Z Read More »
By Thomas Suen and David Stanway CHONGQING/SHANGHAI (Reuters) -Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that could last another month. “I am actually pretty worried, because the water has been cut off in …
Yangtze tributary runs dry as China faces another month of drought Read More »
HANOI (Reuters) – Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac …
JAKARTA (Reuters) – Indonesia will not increase subsidised fuel prices this quarter, a senior minister said on Saturday, according to CNBC Indonesia, hosing down expectations the government may announce a price hike next week. Chief economic minister Airlangga Hartarto said the government is still reviewing several scenarios related to fuel subsidies, without giving more details. …
Indonesia will not increase subsidised fuel prices in Q3 – CNBC Indonesia Read More »
(Reuters) – China’s exports of very-low-sulphur marine fuel rebounded 13.22% in July versus June as the country’s merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed on Saturday. Exports of very-low-sulphur fuel oil (VLSFO), measured mostly by sales from China’s bonded storage for vessels plying international routes, were 1.60 …
China’s July marine fuel exports up 13.22% from June Read More »
