By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan LNG Limited (PLL) on Thursday picked up four cargoes of liquefied natural gas for May/June delivery out of seven it was seeking via a tender where it received six bids, an industry source said and documents on PLL’s website showed. PLL, a public sector entity operating under the …
Pakistan picks up four LNG spot cargoes for May-June -source Read More »
By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) – Japan will maintain its decarbonisation drive in spite of the Ukraine crisis highlighting the need to keep fossil fuel supply stable for energy security, the president of TEPCO Renewable Power Inc said. “The big trend of expanding renewable energy will remain unchanged,” Masashi Nagasawa, the president …
Japan to keep carbon reduction push amid Ukraine crisis – TEPCO official Read More »
By Phuong Nguyen and Fanny Potkin HANOI/SINGAPORE (Reuters) -Vietnam is preparing new rules requiring social media firms to take down content it deems illegal within 24 hours, three people with direct knowledge of the matter said. The planned amendments to current law will cement Vietnam, a $1 billion market for Facebook, as one of the …
TOKYO (Reuters) – Japanese trading company Marubeni Corp will freeze all new transactions in Russia, including those not subject to sanctions, it said on Thursday. The company will seek to terminate existing deals as much as possible, it said in a release. Marubeni’s trade with Russia includes tyres and chemicals, but it could not comment …
Japan’s Marubeni Corp to freeze all new transactions in Russia Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate rose to 5% in the January-March quarter, the government said on Thursday, its highest since the May-July quarter in 2021 due to severe pressure on the labour market from the latest pandemic wave. In the December-February period, the unemployment rate stood at 4.5%. The government …
Hong Kong’s Jan-Mar unemployment rises to 5%, sees near term pressure Read More »
TOKYO (Reuters) -Japanese electric motor maker Nidec Corp posted a 17% drop in fourth quarter operating profit and announced a change in leadership on Thursday, with chairman and founder Shigenobu Nagamori returning to the role as chief executive officer. Nagamori replaces Jun Seki, who will now be returning to his role as chief operating officer …
Japan’s Nidec reappoints chairman Nagamori as CEO, posts 17% fall in Q4 profit Read More »
(Reuters) – Myanmar’s central bank has announced a broad exemption of foreign entities from a requirement to convert foreign exchange into the local currency, after the announcement of the new rules this month alarmed foreign business groups and residents. The exemption, dated April 20, includes companies with approved foreign investments, firms in special economic zones, …
Myanmar central bank announces exemptions from foreign exchange rules Read More »
BOAO, China (Reuters) -A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said on Thursday, but added that Beijing has room to adjust policy to provide support. The International Monetary Fund on Tuesday cut its growth forecast for China this year to 4.4%, well below Beijing’s target of around …
A prolonged China slowdown raises risks for global economy, IMF chief says Read More »
TOKYO (Reuters) – Japan’s government upgraded its view of the economy for the first time in four months in April as authorities turned more optimistic about the outlook for private consumption following the end of COVID-19 curbs, the monthly economic report showed on Thursday. However, private sector analysts have said the outlook is still clouded …
Japan April report raises view on consumption, economy, despite inflationary pressures Read More »
SHANGHAI (Reuters) -CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation. After opening 20% higher, CNOOC shares immediately shot up 44% on the Shanghai Stock Exchange, hitting a price ceiling …
China oil giant CNOOC soars in Shanghai debut, defies weak market Read More »
