JAKARTA (Reuters) – Indonesia’s gross domestic product in the second quarter is expected to grow at about 3.5% to 4% year on year, the chief economic minister said on Wednesday. Improving economic activity, especially during the holiday season of Ramadhan will help to drive the economy in Q2, Airlangga Hartarto, the chief economic minister said …
Indonesia Q2 GDP growth seen at about 3.5%-4% -chief econ minister Read More »
SHANGHAI (Reuters) – Tesla Inc on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars left for Slovenia, the government-backed media outlet Shanghai Observer reported. The Glovis Splendor vehicle carrier left port early on Wednesday, bound for the Slovenian port of Koper, according …
Tesla exports first cars from Shanghai since reopening plant – media Read More »
BEIJING (Reuters) – China’s imports of Russian metallurgical coal, a key feedstock for steelmaking, hit a record in April, shipping data shows, driven by steep discounts compared with other suppliers and increased availability of bank credit for Chinese buyers. A record 1.37 million tonnes of seaborne Russian coking coal arrived in China in April, data …
China imports record volume of coking coal from Russia in April – data Read More »
By Sinéad Carew NEW YORK (Reuters) – Wall Street closed higher on Tuesday as investors waited for inflation data and worried about the prospects of slowing economic growth and the impact of policy tightening. U.S. Treasuries rallied, with the yield on the benchmark 10-year note tumbling from a more than three-year high to below 3% …
Equities bounce back while yields, oil prices drop Read More »
By Marcy de Luna and Rithika Krishna HOUSTON (Reuters) -Venture Global LNG said on Tuesday it would supply two million tonnes of liquefied natural gas (LNG) a year to Exxon Mobil Corp, a sign of its rapid rise in the ranks of LNG suppliers and the strong global demand for U.S. LNG. Venture Global LNG, …
Venture Global strikes LNG supply deal with Exxon’s Asia-Pacific unit Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week, sending them on a trajectory that’s …
Cryptoverse: Buying the dip? Bitcoin’s a rates rookie Read More »
By Claudia Cristoferi and Silvia Aloisi MILAN (Reuters) -Salvatore Ferragamo’s CEO promised a quick turnaround for the Italian luxury group, vowing to increase investments, revamp stores and attract younger customers to double revenues to almost 2.3 billion euros by 2026. Marco Gobbetti, who joined the family-owned group in January from Burberry, forecast a rise in …
Ferragamo CEO promises quick turnaround despite China hit Read More »
By Sam Nussey TOKYO (Reuters) – Japan’s Nintendo Co Ltd on Tuesday made a play for the hearts of retail investors, announcing a 10-1 stock split effective Oct. 1, a long-called-for move that aims to improve the liquidity of the videogame maker’s shares. The surprise announcement came as Nintendo said it expects sell 21 million …
Nintendo announces 10-1 stock split; sees Switch sales falling 9% Read More »
TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel Corp plans to supply carbon neutral steel from the fiscal year starting 2024, it said on Tuesday. “There is only one way to overcome the unique difficulties that Japan’s steel industry faces. That is to supply carbon neutral steel ahead of our global competitors,” said Nippon Steel …
Nippon Steel reveals plans to deliver ‘carbon neutral’ steel Read More »
BANGKOK (Reuters) – Thailand on Tuesday approved a tax break for real estate investment trusts to boost liquidity for operators hit by the pandemic, a senior official said. Real estate investment trusts or REITs buybacks will be exempt from tax and are expected to generate re-investment of about 30 billion baht ($868.06 million) in the …
Thailand approves tax break for real estate trusts Read More »
