By Selena Li, Lawrence White and Himanshi Akhand Dec 3 (Reuters) – HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis, in a surprise move that came seven months after the Asia-focused lender started a search to replace its former chair Mark Tucker. The news of the appointment of …
HSBC names interim chair Nelson as permanent in surprise move Read More »
HANOI, Dec 3 (Reuters) – Chinese Luxshare-ICT, Apple’s airpods maker, is planning to produce game consoles in Vietnam with annual capacity of up to 4.5 million units starting from next year, the company said in a proposal to local authorities. The proposal, seen by Reuters, was made to provincial authorities in Bac Ninh, where its …
China’s Luxshare plans to produce game consoles in Vietnam, document shows Read More »
By Thanadech Staporncharnchai and Orathai Sriring BANGKOK, Dec 3 (Reuters) – Thailand’s annual headline inflation rate was negative for an eighth month in November, driven by falling energy prices and government support measures, but the commerce ministry said on Wednesday it expected consumer prices to rise slightly next year. The headline consumer price index fell …
Thai inflation negative again in November, industry sees floods trimming growth Read More »
By Eduardo Baptista BEIJING, Dec 3 (Reuters) – LandSpace has become China’s most advanced private rocket company and the country’s closest equivalent to Elon Musk’s SpaceX, following U.S. rivals in betting its future on rockets that can fly more than once. WHAT IS LANDSPACE? Founded in 2015 and based in Beijing, LandSpace was one of …
Explainer-How LandSpace became SpaceX’s biggest Chinese challenger Read More »
HANOI, Dec 3 (Reuters) – Fushan Technology, a subsidiary of Taiwanese electronics manufacturer Foxconn, is seeking a permit to expand production in Vietnam to make Xbox gaming devices and other electronic parts, according to a company document sent to Bac Ninh province’s environmental department. The company also plans to increase its phone manufacturing capacity by …
Foxconn subsidiary plans to expand production in Vietnam, document shows Read More »
By Neha Arora and Manvi Pant NEW DELHI, Dec 3 (Reuters) – India’s iron ore imports hit a six-year high this year as steel mills stepped up overseas purchases to overcome shortages of high-grade ore and take advantage of lower global prices for the steelmaking raw material, analysts and trade officials said. Iron ore imports …
India’s January-October iron ore imports at six-year high, JSW Steel top buyer Read More »
MANILA, Dec 3 (Reuters) – A slower growth outlook for the Philippines raises the chances of another policy rate cut at a policy review next week, the central bank governor said on Wednesday. Bangko Sentral ng Pilipinas Governor Eli Remolona said growth this year was likely to have slowed to between 4% and 5% for …
Philippines’ slow growth raises chance of December rate cut, says central bank chief Read More »
SHANGHAI, Dec 3 (Reuters) – Some investment houses expect the Chinese yuan to strengthen beyond the psychologically critical 7-yuan-per-dollar mark for the first time since 2023 next year, underpinned by narrowing yield differentials with the United States and prospects for easing trade tensions. China’s yuan has gained about 3.3% against the dollar so far this …
Factbox-Global investment houses forecast Chinese yuan rising past key 7 mark in 2026 Read More »
Dec 3 (Reuters) – JingDong Industrials, a unit of Chinese online retailer JD.com, is aiming to raise up to HK$3.27 billion ($420.08 million) in its Hong Kong initial public offering, according to a prospectus lodged on Wednesday. The company, also known as JDi, is offering 211.2 million shares in a price rage of HK$12.70 to …
JD.com’s JDi launches Hong Kong IPO seeking up to $420 million Read More »
By Yantoultra Ngui and Jun Yuan Yong SINGAPORE, Dec 3 (Reuters) – Singapore’s UltraGreen.ai, a medical imaging company focused on fluorescence-guided surgery, surged 8% in its market debut on Wednesday after its IPO raised $400 million in the city-state’s largest non-REIT offering in eight years. The stock was changing hands at around $1.56 in morning …
UltraGreen.ai, a rare non-REIT listing for Singapore, jumps in market debut Read More »
