KUALA LUMPUR, Dec 2 (Reuters) – Malaysia’s Federal Land Development Authority (Felda) and its commercial arm FGV Holdings Berhad said on Tuesday they had been issued an order by Terengganu state to vacate palm oil plantation land there, warning it could impact operations and national output. FGV, one of the world’s largest palm oil producers, …
By Helen Reid LONDON, Dec 2 (Reuters) – Amazon is cutting the fees it charges sellers in Europe as it responds to competition from marketplaces like Shein and Temu that sell clothes, homeware and gadgets at rock-bottom prices. The move, which Amazon said in a statement on Tuesday was one of its largest ever fee …
Amazon cuts seller fees in Europe in Shein, Temu price war Read More »
By Hyunjoo Jin and Heejin Kim SEOUL, Dec 2 (Reuters) – South Korean President Lee Jae Myung on Tuesday called for increased penalties for corporate negligence in data breaches, saying a massive leak at e-commerce giant Coupang had served as a wake-up call. The breach – resulting in personal data for some 33 million Coupang …
South Korea’s Lee calls for tougher penalties after Coupang data breach Read More »
BEIJING, Dec 2 (Reuters) – Tesla’s China-made electric vehicle sales rose 9.9% in November from a year earlier, as the U.S. automaker grapples with intense competition in China and Europe. Sales of Model 3 and Model Y vehicles made at Tesla’s Shanghai factory, including exports to Europe and other markets, were up 41.0% from October, …
Tesla’s China-made EV sales rise 9.9% in November Read More »
Dec 2 (Reuters) – China has issued the first batch of new rare earth export licences that should accelerate shipments to certain customers, a source said on Tuesday, fulfilling a key outcome of the summit between Presidents Donald Trump and Xi Jinping. The approvals come after months of disruption triggered by China’s introduction of rare …
By Makiko Yamazaki TOKYO, Dec 2 (Reuters) – An advisory panel to Japan’s finance minister adopted a much softer stance in its budget recommendations on Tuesday, a change in approach to fiscal discipline that comes amid a reflationary push by new Prime Minister Sanae Takaichi. The fiscal system council this year urged the government to …
Japan panel softens tone on fiscal discipline amid Takaichi’s reflationary push Read More »
SYDNEY, Dec 2 (Reuters) – Australia’s Foreign Minister Penny Wong said China is more frequently projecting military power further into the Pacific, in a speech highlighting the challenges Australia faces as it competes for influence in its neighbourhood. “China continues to assert its strategic influence, including through economic and security means, and is more frequently …
China’s military reaching further, more frequently into Pacific, says Australia Read More »
Dec 2 (Reuters) – Online travel platform Klook plans to list in the US early next year, Bloomberg News reported on Tuesday, citing people familiar with the matter. Klook had previously considered listing in New York by the end of 2025, the report said, adding that, it now expects after the holiday season, when appetite …
Travel booking platform Klook to delay US listing to early 2026, Bloomberg News reports Read More »
BANGKOK, Dec 2 (Reuters) – Thailand is planning a 267 billion baht ($8.3 billion) support package for small businesses, including soft loans and loan guarantees to boost liquidity, the finance minister said on Tuesday as the government looks to spark a struggling economy. The package, approved by cabinet on Tuesday, includes 217 billion baht of …
Thailand plans $8.3 billion support for small business, minister says Read More »
BEIJING/SHANGHAI, Dec 2 (Reuters) – China Vanke bonds plunged on Tuesday after the state-backed developer, a bellwether for the country’s property sector, sought a one-year deferral on an onshore bond repayment. China Vanke, once the country’s top home builder by sales, is trying to avert default following a prolonged property slump that has battered all …
China Vanke bonds fall as developer seeks one-year delay on onshore bond repayment Read More »
