Reuters Asia Business

Teck Resources eyes output boost for chipmaking-metal germanium

By Clara Denina LONDON (Reuters) -Canada’s Teck Resources is weighing options to expand production of germanium, a strategic metal key to chipmaking, and is currently talking with governments, including Canada and the United States, on available funding, said Doug Brown, VP communications & government affairs. Teck’s plan comes amid growing efforts to diversify supplies of …

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Japan plans deeper cut in super-long bond sales, no immediate buybacks eyed

By Makiko Yamazaki TOKYO (Reuters) -Japan’s government plans to cut scheduled sales of super-long bonds more than initially planned in a revision to its bond issuance programme for the current fiscal year, a document released by the finance ministry showed. The revision to the annual issuance plan, coupled with the Bank of Japan’s decision this …

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Struggling retailer Homeplus gets approval for sale plan from South Korean court

SEOUL (Reuters) -A South Korean court approved on Friday grocery retailer Homeplus’s plan to sell the struggling company, in a move that the court said was aimed at providing funds to repay creditors and to ensure job security for employees at the company. In March, MBK Partners, a private equity firm which owns the company, …

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Russia’s Rosatom to explore construction of high-capacity nuclear plant in Uzbekistan

ST. PETERSBURG, Russia (Reuters) -Russia’s state nuclear corporation Rosatom signed an agreement on Friday with Uzbekistan’s atomic energy agency to study the feasibility of building a large-capacity nuclear power plant in the Central Asian country. Rosatom, which signed the agreement with the Uzbek government at the St. Petersburg International Economic Forum, already has plans to …

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Pakistan signs $4.5 billion loans with local banks to ease power sector debt

By Ariba Shahid KARACHI (Reuters) -Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning …

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JERA, Woodside Energy agree on supply deal during winter months

TOKYO (Reuters) -Japan’s biggest power generator, JERA, and Australia’s Woodside Energy have signed a deal for Woodside to supply JERA with liquefied natural gas only during the winter months, the companies said on Friday. The Heads of Agreement was signed at the LNG Producer-Consumer Conference, co-hosted by Japan’s industry ministry and the International Energy Agency …

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Discounts deepen on Iranian oil in China as struggling teapots slow buying

By Chen Aizhu SINGAPORE (Reuters) -Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and analysts said. Iranian Light crude oil is being traded at $3.30-$3.50 a barrel below ICE Brent …

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