BEIJING (Reuters) – China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level equal to the average daily production of the fourth quarter of last year. Daily coal output in January and early February was affected by the Chinese New …
China’s daily output of coal rebounds to over 12 million tonnes Read More »
By Julien Ponthus LONDON (Reuters) – The euro’s gains fizzled and the dollar received a safe-haven boost on Monday after the Kremlin said there were no concrete plans for a summit over Ukraine between the Russian and U.S. presidents. Weekend reports that Vladimir Putin and Joe Biden had agreed in principle to discuss finding a …
Euro’ gains fizzle as Russia-Ukraine conflict fears intensify Read More »
BEIJING (Reuters) – Luxshare Precision Industry Co Ltd, an Apple Inc supplier, said on Monday it aims to raise up to 13.5 billion yuan ($2.13 billion) to fund six projects, including building a production line for wearable devices. The company plans to issue up to 2.1 billion shares to up to 35 investors at a …
Apple supplier Luxshare plans share issue to fund new production lines Read More »
BEIJING (Reuters) – China’s four biggest banks lowered mortgage rates in Guangzhou city by 20 basis points on Monday, two people familiar with the matter said – a fresh move aimed at lending support to a property sector reeling from a severe cash crunch. The southern city of Guangzhou, the capital of Guangdong province, is …
China’s big four banks cut mortgage rates in Guangzhou – sources Read More »
HONG KONG (Reuters) – Hong Kong’s Air Transport Licensing Authority said on Monday it had granted an air transport licence to startup Greater Bay Airlines, clearing the way for it to operate scheduled commercial flights immediately. Greater Bay Airlines operated its first cargo charter flight last November after receiving its air operator’s certificate in October, …
Hong Kong startup Greater Bay Airlines granted air transport licence Read More »
SINGAPORE (Reuters) – Japan’s Mitsubishi Corp has made an unusual purchase of Vietnamese low-sulphur crude loading in April that will be supplied to Japanese power plants, trade sources said on Monday. The trading house purchased 300,000 barrels of Chim Sao crude from state oil marketer PV Oil at about $7.50 a barrel above dated Brent, …
Mitsubishi buys rare Vietnamese crude for Japan power plants -sources Read More »
BEIJING (Reuters) – China has placed U.S. companies Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over U.S. arms sales to Taiwan. The sanctions are countermeasures against the two companies over a $100 million Feb. 7 arms sale that “undermined China’s security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan …
Beijing places sanctions on U.S. arms companies Lockheed and Raytheon Read More »
TOKYO (Reuters) -Japanese beverage company Kirin Holdings Co said on Monday that its military-linked partner in a Myanmar brewery has filed a new petition to liquidate the joint venture. Kirin has been in a dispute with local partner Myanma Economic Holdings Public Company Limited (MEHPCL) on how to dissolve their brewery venture following a military …
Japan’s Kirin says partner filed new petition to liquidate Myanmar brewery venture Read More »
NEW DELHI (Reuters) – Sri Lanka is trying to arrange $35 million to pay for a shipment of 40,000 tonnes of diesel and has only a few days of stock left, its energy minister said on Monday. The shipment reached Colombo port on Sunday, Energy Minister Udaya Gammanpila told Reuters. He said his ministry is …
Sri Lanka energy minister seeks $35 million to pay for urgent diesel imports Read More »
SYDNEY (Reuters) – One of JPMorgan’s most senior Asia Pacific equities bankers, Ryan Holsheimer, is leaving the bank and Hong Kong to return to Australia, according to a memo seen by Reuters. Holsheimer had been with the bank for almost seven years and most recently was head of Cash Equities and Equity distribution, Asia Pacific, …
