BANGKOK (Reuters) – Thailand plans to regulate the fast-growing business of hire purchase and leasing of cars and motorcycles to maintain financial stability and protect consumers, its central bank said on Monday. The business has grown 5.5% on average between 2017 and 2021, with outstanding transactions at the end of last year amounting to 1.8 …
Thailand to draft new rules for booming auto leasing sector Read More »
SEOUL (Reuters) – South Korea’s SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops small-sized nuclear power reactors, called small modular reactors. SK Inc, the holding company of South Korea’s second-largest conglomerate SK Group, said it made the investment with …
South Korea’s SK invests $250 million in Bill Gates’ TerraPower for nuclear power tech Read More »
By Jamie Freed (Reuters) -Malaysia Airlines has signed a provisional agreement to acquire 20 Airbus A330neos to replace its ageing fleet of A330 widebody jets in a deal that also involves aircraft leasing company Avolon. The airline will buy 10 of the planes from Airbus and then execute a sale-and-leaseback deal with Avolon, with the …
Malaysia Airlines signs provisional deal for 20 Airbus A330neos Read More »
MANILA (Reuters) – About 2.3 million people in the Philippines were pushed into poverty between 2018 and 2021, largely due to the economic downturn caused by the pandemic, the statistics agency said on Monday. The number of people living in poverty in 2021 rose to a total of almost 20 million or 18.1% of the …
Pandemic pushed millions more into poverty in the Philippines – government Read More »
BEIJING (Reuters) -Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon. China’s property market, accounting for about a quarter of the economy, has been trapped in a capital …
Chinese developers in ‘survival mode’ slash property investment Read More »
By Chen Aizhu and Muyu Xu SINGAPORE (Reuters) – China’s fuel product exports will rebound in August to near the highest for the year so far after Beijing issued more quotas in June and July, although broader curbs are set to cap shipments at seven-year lows for 2022, analysts and traders said. The rebound in …
China to lift Aug fuel exports but 2022 shipments to drop to 7-year lows Read More »
By Xie Yu HONG KONG (Reuters) -Five U.S.-listed Chinese state-owned companies whose audits are under scrutiny by the U.S. securities regulator said on Friday they would voluntarily delist from the New York Stock Exchange. Oil giant Sinopec, China Life Insurance, Aluminium Corporation of China (Chalco), PetroChina and a separate Sinopec entity, Sinopec Shanghai Petrochemical Co, …
Explainer-What to watch out for as talks on U.S.-China audit deal drag on Read More »
By Rupam Jain and M. Sriram MUMBAI (Reuters) -India’s best-known stock investor Rakesh Jhunjhunwala, dubbed the country’s Warren Buffett, died on Sunday, prompting an outpouring of tributes for a self-made billionaire whose fortunes rose with the country’s economy. Jhunjhunwala died at the age of 62, a week after the launch of his budget airline, Akasa …
Rakesh Jhunjhunwala, ‘India’s Warren Buffett’, dies at 62 Read More »
(Reuters) – Here are reactions to the death of billionaire investor Rakesh Jhunjhunwala, known as “India’s Warren Buffett”. [L1N2ZQ00W] INDIAN PRIME MINISTER NARENDRA MODI: “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away …
Reactions to the death of Indian billionaire Rakesh Jhunjhunwala Read More »
HANOI (Reuters) – Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday. The Southeast Asian country’s transport ministry will next month submit a proposal to build the 1,545 km (960 miles) railway to the Politburo, the …
Vietnam considers $58.7-billion high-speed railway – govt Read More »
