(Reuters) – China’s thermal coal futures fell as much as 7.5% on Thursday after the state planner warned companies against inflating coal prices and reiterated it would ensure enough supply to stabilise markets. The most-active thermal coal futures on the Zhengzhou Commodity Exchange were down 3.5% at 836.2 yuan a tonne by 0330 GMT, after …
Chinese coal prices fall on state planner’s cooling measures Read More »
TAIPEI (Reuters) – Taiwan’s exports likely rose for the 19th straight month in January, a Reuters poll showed, boosted by sustained demand for chips and hi-tech gadgets though at a slightly slower pace following the end of the Christmas shopping season. Taiwan, a global hub for chip production and a key supplier to Apple Inc, …
Taiwan January exports seen up for 19th straight month – Reuters poll Read More »
By Carlos Osorio, Blair Gable and Jarrett Renshaw WINDSOR/OTTAWA/WASHINGTON (Reuters) -Ford and Toyota on Wednesday both said they were halting some production as anti-coronavirus mandate protesters blocked U.S-Canada border crossings that have prompted warnings from Washington and Ottawa of economic damage. Many pandemic-weary Western countries will soon mark two years of restrictions as copycat protests …
Ford, Toyota halt some output as U.S., Canada warn on trucker protests Read More »
TOKYO (Reuters) – Japan is weighing further measures to help blunt a sharp rise in fuel prices and minimise the impact on people’s lives and economic activities, the industry minister said on Thursday, as oil prices stay high amid tight supply. Crude oil prices soared to seven-year highs, driven by concerns over tight global supply …
Japan to consider more efforts to rein in fuel prices Read More »
BEIJING (Reuters) – Cai Esheng, a former senior official at China’s banking regulator, has been arrested on suspicion of taking bribes and abusing his authority, according to a report from state media on Thursday. Cai，born in 1951, was the vice-chairman of China Banking Regulatory Commission (CBRC) from 2005 to 2013. He was put under investigation …
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has released a virtual idol promoting the 2022 Beijing Olympics, riding on a trend that has swept China. Named “Dong Dong,” the virtual idol, a computer-generated character, is “a passionate, Beijing-born 22-year-old woman who loves winter sports,” according to Alibaba’s description. Since early February she …
Olympics-E-commerce giant Alibaba creates virtual idol to promote Olympics merchandise Read More »
TOKYO (Reuters) – Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies in raising interest rates. Separate data is also expected to show Japan likely ran the biggest trade deficit in eight years in January as …
Japan’s Jan consumer inflation slows, trade deficit biggest in 8 years – Reuters poll Read More »
SINGAPORE (Reuters) – Singapore Press Holdings (SPH) said it had decided to exercise its right to terminate bidder Keppel Corp’s offer and will allow SPH shareholders to vote on a rival S$3.9 billion ($2.9 billion) bid from a tycoon-backed group. “The board would like to update shareholders that, following consultation by the company with the …
Singapore Press to terminate Keppel’s offer, moves ahead with rival bid Read More »
HONG KONG (Reuters) -Shares of China Evergrande Group jumped on Thursday after the chairman of the world’s most indebted property developer said it would resume construction, and ruled out fire sales. Evergrande, with more than $300 billion in liabilities, including nearly $20 billion international bonds deemed to be in default, has been struggling to repay …
China Evergrande shares firm after chairman vows full construction, no fire sales Read More »
TOKYO (Reuters) – Intage Holdings Inc saw its share price soar when trading of its stock resumed on Thursday morning, as investors welcomed an offer from Nippon Active Value Fund to buy out the market researcher for 76.7 billion yen ($664.18 million). The British fund on Feb. 7 said it offered to buy all Intage …
Intage shares soar after buyout offer from Nippon Active Value Fund Read More »
