By John Geddie and Tim Kelly TOKYO (Reuters) -Japan has hired energy consultancy Wood Mackenzie to assess a proposed 800-mile Alaska gas pipeline and LNG plant in a sign it is weighing support for the $44 billion project touted by U.S. President Donald Trump, two sources with knowledge of the matter said. The assessment could …
(Reuters) – Saudi Arabia, the world’s top oil exporter, cut the official selling price for the Arab Light crude it sells to Asia a day after OPEC+ producers agreed to raise output. The kingdom set the October price at $2.20 a barrel above the Oman/Dubai average, $1 below the September price, according to a document …
Saudi Arabia cuts its October oil prices to Asia Read More »
By Nick Carey and Christina Amann MUNICH (Reuters) -China’s No. 1 automaker BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, while plug-in hybrids should dominate its European sales in the short term, a top executive said on Monday. “We are training ourselves to be more …
China’s BYD to produce all EVs for Europe locally by 2028, executive says Read More »
(Reuters) -Singapore’s central bank said on Monday it has secured $510 million in committed capital for a fund that would deploy the money to support green and sustainable infrastructure opportunities in Southeast and South Asia. The Monetary Authority of Singapore said it secured funding from a number of regional players, including Asia-focused lender HSBC, the …
Singapore central bank secures $510 million to back green infrastructure in Asia Read More »
(Reuters) – HashKey Group will launch its inaugural Digital Asset Treasury (DAT) focused fund with an initial target size of $500 million, the Hong Kong-based virtual asset firm said on Monday. The multi-currency fund’s DAT strategy refers to public companies accumulating cryptocurrency assets to capitalise on higher token prices and a softening regulatory environment. The …
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BEIJING (Reuters) -China’s top legislative body on Monday began reviewing the first revision in more than two decades of the country’s foreign trade law, as Beijing seeks to give legal backing to countermeasures it can take in a trade conflict. The revision would strengthen China’s trade countermeasures, allowing trade bans or restrictions on foreign individuals …
China reviews trade law update as tariff barriers rise Read More »
(Reuters) -China’s BYD will start production at its new electric-vehicle plant in Hungary by the end of 2025, an executive said on Monday. “This shows we are in Europe to stay,” BYD’s Executive Vice President Stella Li said during a press event at the Munich car show. The first model off the line will be …
China’s BYD to start Hungary EV plant by end-2025, executive says Read More »
MUNICH (Reuters) -BMW is monitoring its highly competitive China market in terms of pricing ahead of the launch of the new iX3 model there next year, head of sales Jochen Goller said on Monday. “We are seeing incredible price battles,” Goller told reporters in Munich, where Europe’s biggest car show, the IAA Mobility, is taking …
BMW monitoring China price war for iX3 launch, sales chief says Read More »
(Reuters) -Indonesia’s well-regarded finance minister Sri Mulyani Indrawati was removed from her position on Monday as part of a broader cabinet reshuffle, with the president appointing an economist, Purbaya Yudhi Sadewa, to replace her. The country’s main stock index fell 1.3%, while the rupiah spiked 0.7%, set for its biggest intraday gain in over two …
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BEIJING (Reuters) – China’s August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars. EV and hybrid sales outstripped gasoline cars for the sixth straight month in August, but annual growth cooled to 7.5% from 12% in …
China’s EV and hybrid sales growth at slowest in 18 months Read More »
