BEIJING/HONG KONG, Dec 9 (Reuters) – Sovereign wealth fund China Investment Corp (CIC) on Tuesday said its 2024 net profit rose 30.4% from a year earlier as returns on overseas investments exceeded targets and domestic financial capital under management grew. In its annual report, the firm said net profit rose to $140.64 billion from $107.86 …
TOKYO, Dec 10 (Reuters) – The governor of Japan’s Hokkaido prefecture said on Wednesday he has approved the restart of Hokkaido Electric Power’s Tomari nuclear power plant in northern Japan. Naomichi Suzuki announced his consent at a live-streamed prefectural assembly. The local consent was the last major step for restarting the 912-megawatt No.3 reactor, which …
Hokkaido governor approves Hokkaido Elec Tomari nuclear power plant restart Read More »
ABU DHABI/SINGAPORE, Dec 10 – Asian investors are piling into Gulf bonds and loans this year, reflecting both deepening trade and finance ties with the fast-growing region and an uncertain outlook elsewhere, including the world’s top two economies, the United States and China. Bond issuance in the Middle East and North Africa region jumped 20% …
Analysis-Asian investors flock to Gulf debt in hunt for yield and growth Read More »
By Clare Jim and Casey Hall HONG KONG, Dec 9 (Reuters) – Cash-strapped Hong Kong developer Lai Sun Development has agreed to sell its 50% interest in an office tower in the city’s central financial district to e-commerce giant JD.com for HK$3.5 billion ($450 million). The sale was first announced by Lai Sun in a …
Lai Sun Development sells stake in Hong Kong office tower to JD.com for $450 million Read More »
SINGAPORE, Dec 10 (Reuters) – Temasek-backed SeaTown Holdings has secured about $900 million in commitments for its Private Credit Fund III at its second close, after raising $612 million at its first close in August, the Singapore-based investment manager said on Wednesday. The fund continues to attract demand from investors across the Middle East, Japan, …
Temasek-backed SeaTown secures $900 million at second close of third private credit fund Read More »
MANILA, Dec 10 (Reuters) – The Asian Development Bank has approved a $400 million policy-based loan to support the Philippines’ efforts to make it easier for investors to do business in the country. Despite being one of Asia’s fastest-growing economies, the Philippines trails regional peers in attracting foreign direct investment, held back by red tape, …
ADB approves $400 million loan to make it easier to do business in the Philippines Read More »
MANILA, Dec 10 (Reuters) – Strong demand for products from the region’s high-tech economies and India’s faster-than-expected growth have improved the outlook for developing Asia and the Pacific for this year and the next, the Asian Development Bank said on Wednesday. Growth in 2025 is now projected at 5.1%, up from the 4.8% forecast in …
India’s strong growth, tech demand brighten developing Asia prospects, says ADB Read More »
Dec 9 (Reuters) – Indonesia’s trade deal with the United States is in danger of collapsing, with U.S. trade representative Jamieson Greer believing Jakarta is “backtracking” on several commitments it made, the Financial Times reported on Tuesday, citing unnamed sources. Indonesian officials told Greer that Jakarta cannot agree to some binding commitments in the trade …
US-Indonesia trade deal faces risk of collapse, FT reports Read More »
SEOUL, Dec 10 (Reuters) – South Korea’s unemployment rate rose in November to 2.7% on a seasonally adjusted basis, from 2.6% in October, official data showed on Wednesday. (Reporting by Cynthia Kim; Editing by Chris Reese)
By Karen Freifeld and Alexandra Alper Dec 9 (Reuters) – China hardliners and Democratic lawmakers slammed the Trump administration for its decision to allow Nvidia to ship its second-most advanced AI chip to China, citing concerns that Beijing could harness the technology to supercharge its military. Republican President Donald Trump announced the move to allow …
Trump’s green light for Nvidia chip sales to China sparks US security concerns Read More »
