SINGAPORE (Reuters) – Mitsubishi Corp bought a cargo of Vietnamese crude for loading in September on behalf of Japanese utilities at a record premium for the grade, trade sources said on Wednesday. The Japanese trader paid a premium of just above $20 a barrel to dated Brent for the 300,000-barrel cargo of Vietnamese Chim Sao …
Mitsubishi pays record premium for Vietnam oil for power generation – sources Read More »
SEOUL (Reuters) – General Motors Co’s South Korea unit has suspended production at its two factories in the country following a local supplier’s refusal to supply auto parts, an official at GM Korea told Reuters on Wednesday. U.S. automaker’s Korea unit was suspending production of all vehicles at its Changwon and No. 2 Bupyeong plants …
GM’s South Korea unit suspends production at two factories over procurement issues Read More »
BEIJING (Reuters) – Yi An Property and Casualty Insurance, a small Chinese insurer previously controlled by embattled Tomorrow Holdings, said on Wednesday it was seeking strategic investors to participate in its bankruptcy and reorganisation process. Priority will be given to large and medium-sized financial institutions, Yi An P&C Insurance said in a post on the …
Insurer linked to China’s embattled Tomorrow Holdings seeks strategic investors Read More »
TAIPEI (Reuters) – Taiwan’s Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves into the auto market. Foxconn, best known for assembling Apple’s iPhone, has expanded into areas including electric vehicles (EVs) and …
iPhone maker Foxconn builds EV partnership with NXP Semiconductors Read More »
(Reuters) – Rio Tinto said on Wednesday it has reached an agreement with the Australian Taxation Office (ATO), resolving a long-standing transfer-pricing dispute related to the Anglo-Australian mining giant’s marketing hub in Singapore. The dispute arose back in 2015 after Rio and its rival BHP Group were accused of shifting billions of dollars in iron …
Rio Tinto settles dispute with Australian Tax Office, to pay additional $423 million Read More »
SINGAPORE (Reuters) – British bank Barclays Plc said on Wednesday it had received approval from Taiwanese authorities to set up a subsidiary, providing brokerage and underwriting services to its global and Taiwanese corporate and institutional clients. Through the establishment of its wholly-owned subsidiary, Barclays Securities Taiwan Ltd, the company said in a statement that it …
Barclays sets up Taiwan subsidiary, to offer brokerage services Read More »
TAIPEI (Reuters) – Taiwan’s export orders for June, released by the Ministry of Economic Affairs on Wednesday. The data is an indication of the strength of Asian exports and of global demand for technology. JUNE REUTERS POLL MAY Export orders (y/y )% +9.5 +5.6 +6.0 Export orders from China -14.5 -13.4 Export orders from U.S. …
Taiwan June export orders up 9.5% y/y, better than forecast Read More »
BANGKOK (Reuters) – Thailand’s industrial sentiment picked up for the first time in three months in June thanks to an easing of COVID-19 restrictions and improved economic activity, an industries group said on Wednesday. The Federation of Thai Industries (FTI) said its industries sentiment index rose to 86.3 in June from 84.3 in May. However, …
Thai industrial mood rises for first time in 3 months Read More »
JAKARTA (Reuters) – Indonesia is offering five exploration oil and gas working areas and one exploitation working area across the country in its first bidding round of this year, a senior energy official said on Wednesday. The oil and gas blocks have a total potential resources of 3.94 billion barrels of oil and 14.08 trillion …
Indonesia offers 6 oil and gas blocks for bidding Read More »
By Chen Aizhu SINGAPORE (Reuters) -Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia, data showed on Wednesday. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne …
Russia is China’s top oil supplier for 2nd month, Saudi volumes tumble – data Read More »
