By Ana Mano SAO PAULO (Reuters) – South Korean conglomerate CJ CheilJedang [097950.KS] has decided not to sell Brazilian soy processor CJ Selecta after almost a year of talks with bidders, according to two sources with knowledge of the matter. The prospective sale attracted strong interest from global grain merchants at a time when Brazil’s …
South Korea’s CJ says no to sale of Brazil soy crusher, sources say Read More »
SHANGHAI (Reuters) – XTransfer, which facilitates cross-border payments for small businesses in China, said it is moving into wealth management and lending for clients underserved by traditional banking. The fintech firm’s founder and CEO Bill Deng said that XTransfer – which competes in China with PayPal and PingPong – is starting to offer short-term investment …
China’s XTransfer to expand from payments into wealth management, lending Read More »
HONG KONG (Reuters) -Credit-focused alternative investment manager Ares SSG, a unit of Ares Management Corp, has appointed Bryan Southergill as partner and head of real estate investment, according to an internal email on Monday seen by Reuters. Ares declined to comment. Before joining Ares on Monday, Southergill was a managing director on the real estate …
Ares SSG appoints new real estate investment head – internal email Read More »
By David Kirton SHENZHEN, China (Reuters) – On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle …
Shenzhen accelerates China’s driverless car dreams Read More »
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia plans to issue a nickel export tax policy in the third quarter of the year, as authorities seek to boost revenue from exports while encouraging more domestic production of higher-value products, a senior official said on Monday. Indonesia, once a major nickel ore exporter, banned …
Indonesia to issue nickel export tax rules in Q3 -official Read More »
HONG KONG (Reuters) – Hong Kong’s economy contracted by 1.4% in the second quarter from a year earlier, advance government data showed on Monday, with weak performance in external trade during the quarter. The outcome was worse than the 0.6% drop forecast by DBS and 0.5% decline projected by Standard Chartered. The city’s economy shrank …
KUALA LUMPUR (Reuters) – Malaysia on Monday said it now has a slight oversupply of chicken, following its imposition of a ban on exports of the poultry to secure domestic supplies and rein in rising food prices. Malaysia, which supplies live chickens mainly to neighbouring Singapore and Thailand, in June halted chicken exports until production …
Malaysia says chicken stocks in oversupply after export ban Read More »
JAKARTA (Reuters) – Indonesia will keep a domestic sales requirement for palm oil in place to ensure cooking oil prices remain affordable at home, a senior government official told Reuters on Monday, noting that a quota for export shipments would be relaxed further. Palm oil industry participants have called for the removal of the so-called …
Indonesia to retain domestic palm oil sales rules -deputy minister Read More »
SINGAPORE (Reuters) – Insignia Ventures Partners has raised $516 million for its latest funds as the Southeast Asia-focused early stage tech venture fund doubles down on the region’s digital economy. “We could have raised a much higher amount but we have learned that smaller, tighter funds do better,” Insignia’s founding managing partner Yinglan Tan said …
Insignia Ventures raises $516 million, bets on Southeast Asian tech firms Read More »
SHANGHAI (Reuters) -Chinese electric car maker Nio plans to open its first overseas plant in September to make power products for the European market as it accelerates expansion abroad. The plant, in Pest, Hungary, will develop and manufacture power products such as battery-swapping stations to serve European users, Nio said in a statement late on …
China’s Nio to make power products for Europe at its first overseas plant Read More »
