Reuters Asia Business

BISHKEK (Reuters) -Kyrgyzstan on Wednesday began underground gold mining at Kumtor, one of the largest deposits in Central Asia, which the government said could hold as many as 147 metric tons of gold reserves. Kyrgyz President Sadyr Japarov, a populist and nationalist, nationalised the mine in 2021, taking it over from Canada’s Centerra Gold following …

Kyrgyzstan begins mining gold at Kumtor deposit after nationalisation Read More »

JAKARTA (Reuters) -Indonesia has summoned representatives of Meta Platforms Inc, ByteDance’s TikTok and other social media platforms, ordering them to boost content moderation as disinformation has spread online, a government official said on Wednesday. Such disinformation, particularly on TikTok and Meta’s Instagram, has stoked anger and spurred protests against the government, deputy communications minister, Angga …

Indonesia urges TikTok, Meta to act against harmful online content Read More »

By Sam Li and Chen Aizhu (Reuters) -Chinese offshore oil and gas major CNOOC posted a 13% decline in interim net income after lower oil prices offset the impact of record-high oil and gas production. Net profit attributable to equity shareholders dropped to 69.5 billion yuan ($9.7 billion) after a record interim profit in 2024, …

CNOOC first-half profit falls 13% on lower oil prices Read More »

BEIJING (Reuters) -China’s biggest listed steelmaker, Baoshan Iron & Steel Co, reported on Wednesday an annual increase of 7.4% in its first-half net profit, despite soft domestic demand, but warned of protectionist pressure in the months ahead. In a filing to the Shanghai Stock Exchange, the company, known as Baosteel, said it earned about 4.88 …

China Baosteel’s first-half net profit climbs 7.4% Read More »

ROME (Reuters) -Italy will decide by September whether to sanction Pirelli’s Chinese shareholder Sinochem for breaching rules Rome imposed to curb Beijing’s influence over the tyremaker, people familiar with the matter told Reuters. The government probe risks exacerbating a spat between Pirelli, its leading Italian shareholder Camfin and Sinochem, with the first two claiming that …

Italy to decide by September whether to sanction Pirelli’s Chinese investor Read More »