Reuters Asia Business

(Reuters) -McDonald’s restaurants opened their doors in Moscow once again on Sunday under new Russian ownership and a new name, “Vkusno & tochka”, which translates as “Tasty and that’s it”. Here’s what we know: LOGO: The famous Golden Arches have been taken down and replaced with a new logo, resembling a letter “M”, comprising two …

Factbox-What’s in a name? Rebranded McDonald’s outlets open in Russia Read More »

SINGAPORE (Reuters) – Taiwan’s state refiner, CPC Corp, said on Sunday it has received the country’s first crude cargo with certified carbon offset from SOCAR Trading, the trading arm of Azerbaijan’s state oil company. The refiner is seeking to reduce its carbon footprint through voluntary carbon offsets as Taiwan aims to become carbon neutral by …

Taiwan’s CPC buys first crude with carbon offset from SOCAR Read More »

SEOUL (Reuters) – South Korea’s POSCO said on Sunday it plans to halt production at some of its plants in the country from Monday due to a glut of finished products that could not be shipped due to a strike by truckers. A company spokesperson said the decision affects plants in Pohang, adding that production …

S.Korea POSCO to halt some plants due to trucker strike -company spokesperson Read More »

COLOMBO (Reuters) – Sri Lanka may be compelled to buy more oil from Russia as the nation faces shortages amid an unprecedented economic crisis, its prime minister told the Associated Press. Prime Minister Ranil Wickremesinghe, in an interview with the news agency on Saturday, said he would first look to other sources, but would be …

Sri Lanka is open to buying Russian oil, PM tells AP Read More »

By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s finance minister said on Saturday that the International Monetary Fund (IMF) has expressed concern about the country’s recently unveiled budget, but the government is confident it can make changes to satisfy the lender. Pakistan is looking to getting a staff level agreement with the IMF this month, …

IMF still has concerns over Pakistan budget – finance minister Read More »

TAIPEI (Reuters) – Taiwan’s government threatened to take Beijing to the World Trade Organization on Saturday after China suspended the import of grouper fish from the island saying it had detected banned chemicals, the latest agricultural spat between the two. Last year China suspended imports of pineapples, sugar apples and wax apples from Taiwan, citing …

Taiwan threatens WTO action after China stops grouper fish imports Read More »

By Byungwook Kim and Heekyong Yang ULSAN, South Korea (Reuters) -A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit ports and other South Korean industrial giants, including steelmaker POSCO. On day five of the strike, some 100 unionised truckers, about a tenth of …

Hyundai Motor plants in extra weekend run, S.Korea truckers’ strike continues Read More »