BEIJING (Reuters) -China’s JAC Group said on Tuesday that it will expand the use of Huawei smart car technology, including assisted driving and smart cockpits in its models under a deal signed with the tech conglomerate. (Reporting by Beijing newsroom, Editing by Louise Heavens)
KUALA LUMPUR (Reuters) -Malaysian Prime Minister Anwar Ibrahim said on Tuesday that Shell has committed to increasing its investments in Malaysia by 9 billion ringgit ($2.12 billion) over the next two to three years. The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting …
Malaysia PM says Shell to boost its investments in country by $2 billion Read More »
By Ashley Tang and Florence Tan KUALA LUMPUR (Reuters) -Malaysian state energy company Petronas and Italian energy group Eni said on Tuesday they were pressing ahead with a planned joint venture to develop gas assets in Indonesia and Malaysia with the signing expected by the end of this year. The final agreement will be subject …
Petronas, Eni to form Southeast Asia-focused gas venture by end-2025 Read More »
BEIJING (Reuters) -Demand for new homes in China is likely to remain substantially below the market’s 2017 peak over the next few years, Goldman Sachs said late on Monday in a projection suggesting that the world’s second-biggest economy faces a long property slump. China’s property sector, which accounted for roughly a quarter of economic activity …
China’s new homes demand to remain well short of 2017 peak, says Goldman Sachs Read More »
By Gleb Bryanski MOSCOW (Reuters) -Rising tensions in the Middle East will accelerate natural gas negotiations between Russia and China, with a decision likely this year, the head of a think-tank that advises the Russian government on China told Reuters. Russia has been seeking a deal to build the Power of Siberia-2 pipeline to deliver …
Israel-Iran conflict will spur Russia-China gas deal, Russian adviser says Read More »
(This June 9 story has been republished, with no changes to text) By Ella Cao and Lewis Jackson BEIJING (Reuters) – Chinese farmers and small firms have increasingly bought market-ready pigs from larger breeders and fattened them in a bet on higher prices, but the government is cracking down on the speculative practice to slim …
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive, decade-long stimulus. Escalating Middle East tensions and U.S. tariffs are complicating the …
BOJ to slow pace of bond tapering next year as fresh risks emerge Read More »
By Rocky Swift and Kevin Buckland TOKYO (Reuters) -The normally sedate Japanese government bond (JGB) market has attracted global attention in recent weeks as a surge in yields sounded warnings for deeply indebted governments. Yields on super-long JGBs touched record levels last month, meaning higher borrowing costs for the government and creating urgency for the …
Explainer-Why is the BOJ slowing its buying of Japanese government bonds? Read More »
JAKARTA (Reuters) -Indonesia posted a trade surplus of $4.9 billion in May based on preliminary customs data, the finance minister said on Tuesday, which would be the country’s biggest monthly surplus in more than two years. Exports from the resource-rich country reached $25.3 billion, while imports were $20.4 billion, Sri Mulyani Indrawati told a press …
Indonesia books preliminary $4.9 billion trade surplus in May, finance minister says Read More »
HONG KONG (Reuters) – China counted over a half billion consumers of online literature last year – a record – according to an official report, while the number of overseas users also jumped as authorities promoted the industry as a cultural export and soft power tool. China’s online literature, which includes web novels in a …
China’s online literature expands overseas readership in cultural export push Read More »
