Reuters Asia Business

By Anton Bridge (Reuters) – Activist investor Elliott Management has become one of the top three shareholders of Kansai Electric Power with a stake of between 4% and 5%, a person familiar with the matter said on Wednesday. Kansai Electric’s shares ended the day’s trading up 5.3% following a report of the stake in the …

Elliott takes stake in Japan’s Kansai Electric, source says Read More »

By Neha Arora and Naw Betty Han NEW DELHI (Reuters) – India is working to obtain rare-earth samples from Myanmar with the assistance of a powerful rebel group, according to four people familiar with the matter, as it seeks alternative supplies of a strategic resource tightly controlled by China. India’s Ministry of Mines asked state-owned …

Exclusive-India explores rare-earth deal with Myanmar rebels after Chinese curbs Read More »

By Ella Cao, Naveen Thukral and Karl Plume BEIJING/SINGAPORE/CHICAGO (Reuters) – U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said. Chinese importers have …

US misses out on billions of dollars of China soybean sales midway through peak season Read More »

By Gus Trompiz PARIS (Reuters) -European pork producers face a squeeze on profit margins after China, their largest market, imposed anti-dumping duties of up to 62.4% on imports of EU pork products. The provisional tariffs, effective on Wednesday, target over $2 billion worth of annual exports and threaten to erode margins across the European Union’s …

China’s retaliatory tariffs to squeeze EU pork producers Read More »

By Gram Slattery and Andrew Gray WASHINGTON (Reuters) – U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat. Trump also encouraged the European Union to slap …

Trump urges EU to impose 100% tariffs on China, India to pressure Putin, sources say Read More »

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s new finance minister plans to move 200 trillion rupiah ($12.15 billion) of government money to commercial banks to alleviate tight liquidity in the banking system, he said on Wednesday. Purbaya Yudhi Sadewa, who was appointed on Monday, told a parliamentary hearing that slow government spending meant that the …

Indonesian finance minister plans to use state funds to boost banking liquidity Read More »

By Kane Wu and Amy Lv HONG KONG/BEIJING (Reuters) – Zijin Gold International, a wholly-owned unit of China’s mining giant Zijin Mining, is planning to start bookbuilding for its Hong Kong initial public offering next week, targeting a valuation of over $30 billion, said two people with direct knowledge of the matter. Zijin Gold will …

Zijin Gold targets over $30 billion valuation in Hong Kong IPO, sources say Read More »

(Reuters) – Singapore plans to acquire four Boeing P-8A Poseidon maritime patrol aircraft, a statement from the country’s defence ministry said on Wednesday. The order is the first phase in a refresh of the Singapore Armed Forces maritime security capabilities. The aircraft will replace existing Fokker 50 planes, which have been in service since 1993, …

Singapore military to buy four Boeing P-8A Poseidon patrol aircraft Read More »

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects. Mitsubishi-led consortia dropped plans last month to build 1.8 gigawatt (GW) …

Japan to start planning floating wind test centre next year, industry official says Read More »