By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Vietnam plans to exempt coal power plant operators from a global tax and wants to ease the granting of waivers to other big firms, effectively forfeiting hundreds of millions of dollars to reassure foreign investors, a document seen by Reuters shows. The Southeast Asian nation acts as …
(Reuters) -Singapore’s CapitaLand Commercial C-REIT (CLCR) has raised 2.29 billion yuan ($321.7 million) from its initial public offering (IPO) on the Shanghai Stock Exchange, parent CapitaLand Investment said on Friday. CLCR issued 400 million units at 5.718 yuan each, exceeding its initial estimate of 2.14 billion yuan by 7%, the company said. Most IPO units …
Singapore’s CapitaLand C-REIT raises $322 million in oversubscribed China IPO Read More »
By Nora Eckert DETROIT (Reuters) -A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday. The Georgia plant, which is operated through a joint venture between Hyundai and South Korea’s LG Energy Solution, was …
Hyundai battery plant faces at least 2-3 month startup delay following raid, CEO says Read More »
By Katya Golubkova TOKYO (Reuters) – Activist investor Elliott Management, a shareholder in Kansai Electric Power, said the Japanese utility could become a more attractive long-term investment by selling non-core assets and boosting profitability and shareholder returns. Elliott has become one of the top three shareholders of Kansai Electric, Japan’s biggest nuclear power operator by …
Elliott says Kansai Electric can become more attractive by selling non-core assets Read More »
WASHINGTON (Reuters) -The United States will pressure G7 countries to impose higher tariffs on India and China for buying Russian oil, the Financial Times reported on Thursday, citing four people briefed on the plans. (Reporting by Jasper Ward, editing by Bhargav Acharya)
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist A surge in U.S. jobless claims to a four-year high on Thursday cemented investors’ bets for a Fed rate cut next week, weighing on the dollar and bond yields, and lifting Wall Street’s three …
Trading Day: Easy does it, fresh peaks for Wall St Read More »
By Ashwin Manikandan and Gopika Gopakumar MUMBAI (Reuters) -Indian exporters, hurt by punitive tariffs imposed by the U.S., have sought a moratorium on loan repayments and a favorable exchange rate from the country’s central bank in a closed-door meeting with top officials, two sources familiar with the matter said on Thursday. U.S. President Donald Trump …
By Yantoultra Ngui and Rae Wee SINGAPORE (Reuters) -JPMorgan Chase is accelerating hiring across its corporate banking business in the Asia Pacific region and aims to increase headcount by 20% next year as part of a regional growth push, senior executives told Reuters. JPMorgan, the largest U.S. bank, has already bumped up its staffing levels …
JPMorgan to ramp up corporate banking hiring in Asia Pacific growth push Read More »
By Christoph Steitz and Christina Amann MUNICH (Reuters) -Volkswagen’s Spanish SEAT division is in constructive talks with Brussels about possibly freeing an electric car it produces in China from stiff EU import tariffs, its chief executive told Reuters. The CUPRA Tavascan SUV coupe – which is made in China and exported to Europe – has …
VW’s CUPRA brand CEO expects ‘positive outcome’ in EU tariff exemption talks Read More »
LONDON (Reuters) -OPEC made no changes on Thursday to its relatively high global oil demand growth forecasts for this year and next, and said the world economy was maintaining a solid growth trend in the second half of this year. The upbeat OPEC outlook, in a monthly report, follows the decision of the wider OPEC+ …
OPEC sticks to oil demand forecasts, says economy doing well Read More »
