BEIJING, Dec 8 (Reuters) – China’s car sales dropped 8.5% in November from a year earlier, the second straight monthly decline, as the boost from a front-loading of purchases faded due to dwindling government subsidies. Car sales totalled 2.24 million vehicles last month, following a 0.8% slide in October, data from the China Passenger Car …
Dec 8 (Reuters) – Harbour Energy on Monday agreed to sell its operated interests in the Natuna Sea Block A field and the Tuna development project in Indonesia to oil and gas firm Prime Group for $215 million. Harbour holds a 28.67% operated interest in Natuna Sea Block A, which produced about 4,000 barrels of …
UK’s Harbour Energy to sell Indonesian assets to Prime Group for $215 million Read More »
BEIJING, Dec 8 (Reuters) – China will keep expanding domestic demand and support the broader economy with more proactive policies in 2026, the Politburo, a top decision-making body of the ruling Communist Party, was cited as saying on Monday by state media Xinhua. The remarks about a “more proactive fiscal policy” and “appropriately loose monetary …
China pledges to expand demand with more proactive polices in 2026 Read More »
JAKARTA, Dec 8 (Reuters) – Potential state revenues in 2026 from Indonesia’s planned gold export tax could reach 3 trillion rupiah ($179.75 million) while a coal export tax could reap 20 trillion rupiah ($1.20 billion), its finance minister said on Monday. Purbaya Yudhi Sadewa told a parliamentary hearing that the timing for the implementation of …
Indonesia expects to earn $179 million from planned gold export tax Read More »
TOKYO, Dec 8 (Reuters) – Japan’s SBI Shinsei Bank has priced its initial public offering at the top of the range, a filing showed on Monday. The shares were priced at 1,450 yen ($9.34) apiece, compared with a range of 1,440 yen to 1,450 yen, giving the bank a market value of 1.3 trillion yen …
Japan’s SBI Shinsei Bank prices IPO at top of range Read More »
By Francesco Guarascio and Phuong Nguyen HANOI, Dec 8 (Reuters) – Japan has dropped out of plans to build a major nuclear power plant in Vietnam because the time frame is too tight, Japanese ambassador Naoki Ito told Reuters, potentially complicating Vietnam’s long-term strategy to avoid new power shortages. Vietnam, home to large manufacturing operations …
Japan pulls out of Vietnam nuclear project, complicating Hanoi’s power plans Read More »
By Sam Li and Lewis Jackson BEIJING, Dec 8 (Reuters) – China’s crude oil imports rose 4.88% in November from a year earlier, government data released on Monday showed, with daily import volumes reaching the highest level since August 2023. The world’s largest crude importer brought in 50.89 million metric tons of oil in November, …
China’s November crude oil imports reach highest daily level in 27 months Read More »
Dec 8 (Reuters) – China’s rare earth exports jumped in November, the first full month since President Xi Jinping and U.S. President Donald Trump agreed to speed up shipment of the critical minerals from the world’s largest refiner. Exports in November jumped for a second consecutive month, by 26.5% from October to 5,493.9 metric tons, …
China’s rare earth exports jump in November after Xi-Trump meeting Read More »
Dec 8 (Reuters) – China’s imports of soybeans, crude oil and iron ore rose in November from a year earlier, while those of unwrought copper and coal fell, customs data showed on Monday. China’s exports topped forecasts in November, buoyed by a boost from a tariff truce with the U.S. even as weak factory activity …
Instant View: China’s November imports of soybeans and crude oil rise Read More »
Dec 8 (Reuters) – Myanmar’s economy is showing some signs of improvement and its GDP growth is estimated to rebound to 3% in the next fiscal year despite the challenges of continuing conflict and the impact of the devastating March earthquake, the World Bank said on Monday. In a report, the World Bank said the …
World Bank says Myanmar economy set for growth rebound Read More »
