By Ella Cao, Lewis Jackson and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China announced preliminary anti-dumping duties on Canadian canola imports on Tuesday, escalating a year-long trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August. The provisional rate will be set at 75.8%, effective from Thursday, the Ministry of Commerce …
HANOI (Reuters) -The Vietnam Food Association has asked the country’s trade ministry to challenge a move by the Philippines to suspend rice imports for two months, two sources told Reuters, with traders saying it will harm local production. The Philippines, Vietnam’s biggest rice buyer, said last week that it would suspend rice imports for 60 …
By Kane Wu and Rajasik Mukherjee (Reuters) -China-headquartered medical device maker Kangji Medical said on Tuesday it had received a go-private proposal from a consortium backed by investment firm TPG, valuing the firm at HK$11.17 billion ($1.42 billion). TPG, together with a wholly-owned unit under Qatar Investment Authority and Kangji Medical’s chairman Zhong Ming, are …
China’s Kangji Medical gets $1.4 billion go-private offer from TPG-backed consortium Read More »
TOKYO (Reuters) -Japan has launched an anti-dumping investigation into hot-dip galvanized steel from China and South Korea, the country’s Ministry of Economy, Trade and Industry said on Wednesday. The probe follows an April 28 petition filed by Nippon Steel, Kobe Steel and other domestic makers claiming that weaker domestic demand and a shift to cheaper …
Japan starts anti-dumping probe into hot-dip galvanized steel from China, S.Korea Read More »
SINGAPORE (Reuters) -Singapore-based fintech firm OpenEden said on Wednesday it has appointed U.S. financial firm BNY as the investment manager and primary custodian for assets backing its tokenised U.S. Treasury fund. The fund, launched in 2023, provides investors with direct exposure to a pool of short-dated U.S. Treasury bills and overnight reverse repurchase agreements through …
BNY appointed investment manager for OpenEden’s tokenised US Treasury fund Read More »
(Reuters) -Singapore Telecommunications posted a 14% increase in first-quarter underlying profit on Wednesday, driven by strong results from its Australian unit Optus and contributions from regional associates, including India’s Bharti Airtel. Singtel’s improved performance highlighted price hikes for telecom services in key markets and resilient growth from its regional associates, led by Bharti Airtel, whose …
Singtel logs 14% rise in first-quarter profit on Optus, regional partners’ boost Read More »
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -Malaysia’s economy grew at a steady pace last quarter as strong household consumption offset weak exports, a Reuters poll of economists showed. Advance estimates showed the country’s second-quarter gross domestic product was supported by growth in the services and manufacturing sectors, reflecting healthy domestic spending. The economy grew 4.5% …
Malaysia’s economy likely grew 4.5% in second quarter: Reuters poll Read More »
By Clare Jim and Scott Murdoch HONG KONG (Reuters) -Liquidators of China Evergrande Group said on Tuesday they have sold about $255 million of its assets 18 months into China’s largest debt liquidation process and taken control of more than 100 of the company’s subsidiaries. They have received creditor claims totalling $45 billion, the liquidators …
China Evergrande liquidators say $255 million of assets have been sold Read More »
By Alessandro Parodi (Reuters) -Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday. WHY IT’S IMPORTANT China is the world’s biggest car market and accounts for more …
Electric vehicle sales growth eases to 21% in July, research firm says Read More »
(Reuters) -Hong Kong’s CK Infrastructure Holdings (CKI) has emerged as a leading contender to take over Thames Water and could assume control within weeks if Britain’s largest water utility is placed into special administration, The Times reported on Tuesday. Reuters could not immediately confirm the report. CKI has indicated it would be prepared to operate …
Hong Kong’s CKI emerges as leading contender for Thames Water, The Times reports Read More »
