SEOUL (Reuters) -Korean Air reported on Friday a fall of 4% in cargo revenue for the second quarter of its financial year, pointing to market volatility stemming from U.S. tariff policies. South Korea’s largest airline is also one of Asia’s largest cargo carriers and has benefited in recent years from rising volumes of e-commerce out …
Korean Air quarterly cargo revenue falls amid volatile U.S. tariffs Read More »
By Stefanno Sulaiman and Yantoultra Ngui JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara is likely to draw down $3 billion initially from a $10 billion credit line and use it for investments including a chemical plant and co-financings with Qatar’s and China’s wealth funds, sources said. The credit line, which a source said has been …
Danantara Indonesia to draw down $3 billion from $10 billion credit line, sources say Read More »
By Nidhi Verma NEW DELHI (Reuters) -India needs to increase its petrochemical production capacity to meet local and global demand and contain China’s growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China’s capacity expansion has created a surplus. For some of its …
India needs to boost its petchem output to counter China’s dominance, Reliance says Read More »
By Kevin Yao BEIJING (Reuters) -China’s economy is expected to have slowed down in the second quarter from a solid start to the year as trade tensions with the United States added to deflationary pressures, reinforcing expectations that Beijing may need to roll out more stimulus. The world’s second-largest economy has so far avoided a …
China’s GDP growth set to slow, raising pressure on policymakers: Reuters poll Read More »
By Casey Hall SHANGHAI (Reuters) – Danish jewellery maker Pandora is exploring ways to restructure its business in China, said two people familiar with the matter, after years of plunging sales both online and off. The world’s largest jeweller by volume of pieces sold is in discussion with China-based funds and e-commerce partners to potentially …
Exclusive-Pandora exploring ways to restructure struggling China business, sources say Read More »
JAKARTA (Reuters) -Sovereign wealth fund Danantara Indonesia said on Friday it had signed a memorandum of understanding with the Japan Bank for International Cooperation to jointly finance renewable energy, water management, and power transmission projects in Indonesia. (Reporting by Stefanno Sulaiman; Editing by Martin Petty)
TOKYO (Reuters) -Japan’s farm ministry said on Friday that an animal health and quarantine agreement with China had come into force, paving the way towards the resumption of Japanese beef exports to China that had been halted in 2001. Beijing has banned beef imports from Japan since an outbreak of bovine spongiform encephalopathy (BSE), popularly …
Japan, China take step towards resuming Japanese beef exports to China Read More »
(Reuters) -Shares of Australian rare earths miners, including Lynas and Iluka Resources, soared on Friday after U.S.-based MP Materials’ a multibillion-dollar deal with the U.S. government to boost production of rare earth magnets. Lynas Rare Earths, the world’s largest rare earths producer outside China, surged as much as 20% to its highest since mid-August 2022 …
Australian rare earth stocks soar on MP Materials’ multi-billion US deal Read More »
By Anmol Choubey and Rajendra Jadhav (Reuters) -Demand for physical gold remained sluggish this week across major Asian markets as price volatility weighed on sentiment, with premiums in China holding firm and discounts in India narrowing. Dealers in top consumer China charged premiums of $10-$25 an ounce over the global benchmark spot price, compared with …
Demand sluggish in Asia as volatile prices weigh on sentiment Read More »
BEIJING (Reuters) -Chinese banks are struggling to comply with new Beijing guidelines to boost consumer credit as they reel from a surge of defaults on personal loans and have a hard time finding households in good financial shape that want to borrow. Since March, financial regulators have issued multiple directives urging banks to offer more, …
Chinese banks stumble on Beijing’s consumer lending push Read More »
