Reuters Asia Business

By Florence Tan SEOUL (Reuters) – Malaysia’s state energy firm Petronas plans to reserve some liquefied natural gas (LNG) from its share of a joint venture in Canada to trade in the spot market, a senior executive said. Shamsairi M Ibrahim, vice president of LNG marketing and trading at Petronas, also said Petronas aimed to …

Malaysia’s Petronas to trade some Canadian, U.S. LNG in spot market Read More »

By Munsif Vengattil NEW DELHI (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A deal is set …

Google backs India’s ShareChat in $300 million funding round at $5 billion valuation Read More »

NEW DELHI (Reuters) – Inflation in India should moderate in coming months and the government is ready with its consultation paper on cryptocurrencies, economic affairs secretary Ajay Seth told reporters on the sidelines of an event on Monday. Seth said there needed to be a global consensus reached on cryptocurrencies and India would look at …

India ready with consultation paper on cryptocurrencies – govt official Read More »

BEIJING (Reuters) -China will implement new rules on June 30 to govern how agencies that manage celebrities and online influencers operate, the country’s broadcasting watchdog said on Monday. Regulators have blamed these agencies, which are known as multi-channel network (MCN) firms, for fuelling behaviours such as unfettered celebrity worship and fights between fan clubs, often involving …

China bringing in new rules for celebrity management agencies Read More »

BEIJING (Reuters) – China’s factory activity likely contracted at a slower pace in May, a Reuters poll showed, as some virus curbs were lifted in key manufacturing hubs.The official manufacturing Purchasing Manager’s Index (PMI) is expected to rise to 48.6 in May from 47.4 in April, marking the third straight month of contraction, according to …

China’s factory activity likely contracted more slowly in May – Reuters poll Read More »

(Reuters) -Australian largest casino operator Crown Resorts Ltd said on Monday it was fined A$80 million ($57.4 million) by the Victoria state gambling regulator for enabling illegal transfer of funds from China between 2012 and 2016. The Victorian Gambling and Casino Control Commission (VGCCC) had said last month it would launch disciplinary action against Crown, …

Crown Resorts fined $57 million for enabling illegal fund transfer from China Read More »

(Reuters) – Stellantis said on Monday it would expand its partnership with Toyota Motor Europe (TME) with a new large commercial van, including an electric version. Stellantis will supply TME with the new vehicle for sale in Europe under the Toyota brand, the automaker said in a statement. The van will be produced at Stellantis …

Stellantis and Toyota to expand partnership with large commercial van Read More »

BENGALURU (Reuters) -Indian automaker Tata Motors Ltd has signed an agreement to potentially buy a Ford Motor manufacturing facility in the western state of Gujarat as it looks to ramp up its production of electric vehicles. The owner of Jaguar Land Rover already dominates India’s fledgling electric car market, which the government is trying to …

Tata Motors looks to buy Ford India plant in electric vehicle push Read More »