By Khanh Vu HANOI (Reuters) -Vietnam plans to open an online gold exchange and will allow companies to import gold for the first time in over a decade starting from next month, part of efforts to stabilise domestic prices, which are rising at a breakneck pace. The move, according to local economists, is aimed at …
Vietnam plans online gold exchange as it allows private imports Read More »
BEIJING (Reuters) -China will implement policy measures to stabilise foreign trade and make efforts to resolve difficulties facing trade firms, vice commerce minister and trade representative Li Chenggang told foreign trade companies. China will endeavour to create a positive external environment for enterprises to explore the international market, Li said, according to a readout released …
China will implement policies to stabilise foreign trade, vice commerce minister says Read More »
By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Top oil exporter Saudi Aramco has asked Asian buyers to lift more crude in October after the kingdom made deeper-than-expected price cuts for all grades amid growing supply, three sources familiar with the matter said. As it seeks to reclaim market share, Saudi Aramco spoke to Asian …
By Kane Wu and Julie Zhu HONG KONG (Reuters) – Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final offers for a controlling stake in Starbucks’ China operations, said five people with knowledge of the matter. Starbucks has asked them to submit binding bids by …
Carlyle, EQT, HongShan among final bidders for Starbucks China, sources say Read More »
By Sudarshan Varadhan and Ruma Paul SINGAPORE/DHAKA (Reuters) -Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grapples with constraints on gas supply and coal plant maintenance, industry officials and analysts say. Power imports, mainly from an Adani Power-run coal-fired …
Bangladesh buys more power from India, lifts fuel oil use as electricity demand rises Read More »
(Reuters) -Chinese oil major Sinopec announced on Wednesday the establishment of a specialised company focused on environmental governance in Guangzhou, a southern city in China. Sinopec Environment Science and Technology Co., Ltd., funded by SINOPEC Engineering Group, has a registered capital of 1 billion yuan ($140.40 million)，Sinopec said in the statement. Its core businesses includes …
China’s Sinopec sets up $140 million environmental tech firm Read More »
By Heejin Kim and Jihoon Lee SEOUL (Reuters) – South Korean President Lee Jae Myung said on Thursday he would not pursue plans to revise a capital gains tax on stock investments, conceding that the move risked undermining the market and reaffirming a promise of reform to revitalise it. The plans had sparked a public …
South Korea scraps plan to expand tax on stock investments Read More »
(Corrects headline to make clear sales are domestic) By Sudarshan Varadhan SINGAPORE (Reuters) – Pakistan’s largest refiner Cnergyico expects to boost fuel oil exports by 35% to 40% during the fiscal year ending June 2026 as high taxes have cut into domestic sales, its vice chairman said. Pakistan levied additional taxes of about 40% on …
Pakistan’s top refiner Cnergyico to boost fuel oil exports as domestic sales plummet Read More »
By Ariane Luthi ZURICH (Reuters) -Swiss lawmakers are seeking to water down government proposals to help prevent financial crime, saying the country needs to stay competitive in global cross-border wealth management where rival centres – including Singapore and the UAE – are gaining ground. Switzerland is currently the world’s largest wealth management hub, but could …
Swiss lawmakers push back on anti-money laundering law over competitiveness concerns Read More »
By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) – Thai consumer confidence dropped for a seventh consecutive month in August to its lowest level in 32 months due to concerns about a slow economic recovery, political instability, and U.S. tariffs, a survey showed on Thursday. But sentiment could improve under Thailand’s new government, said Thanavath …
Thai consumer confidence at lowest in over two years in August Read More »
