By Sam Li and Chen Aizhu (Reuters) -China’s crude oil throughput declined by 1.8% in May from a year earlier to the lowest level since August, official data showed on Monday, as maintenance at both state-owned and independent refineries curbed operations. The world’s second-largest oil consumer processed 59.11 million metric tons of crude in May, …
China’s May refinery throughput at 9-month low on plant overhauls Read More »
KUALA LUMPUR (Reuters) -Malaysia state oil firm Petronas views carbon capture and storage (CCS) as a potential revenue source, chief executive officer Tengku Muhammad Taufik Tengku Aziz told an energy conference on Monday. He also said Petronas was preparing Malaysia to manage imports of liquefied natural gas in the future. (Reporting by Ashley Tang; Editing …
Petronas CEO says carbon capture and storage a potential revenue source Read More »
BEIJING (Reuters) -China’s new home prices fell in May, extending a two-year long stagnation, official data showed on Monday, highlighting challenges in the sector despite several rounds of policy support measures. New home prices fell 0.2% month-on-month in May after showing no growth the previous month, according to Reuters calculations based on data released by …
China’s home prices dip in May, extending two-year slump Read More »
KUALA LUMPUR (Reuters) -Malaysian Prime Minister Anwar Ibrahim said on Monday that state utility Tenaga Nasional has committed 43 billion ringgit ($10.1 billion) to upgrade the national grid infrastructure. Anwar, opening the Energy Asia conference, said the grid upgrade would help meet the country’s ambitions in artificial intelligence and battery energy storage systems. State energy …
Malaysia PM says $10 billion committed to national grid upgrade Read More »
By Neha Arora and Aditi Shah NEW DELHI (Reuters) -India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan and to safeguard supplies for domestic needs, two sources familiar with the matter told Reuters, aiming to reduce India’s dependence on China. IREL also wants to develop India’s capacity …
India moves to conserve its rare earths, seeks halt to Japan exports, sources say Read More »
TAIPEI (Reuters) -Taiwan has added China’s Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, which includes other proscribed organisations like the Taliban and al Qaeda. Inclusion on the economy ministry’s trade administration’s strategic high-tech commodities entity list means Taiwanese companies will need government approval before exporting any products to the …
Taiwan adds China’s Huawei and SMIC to export control list Read More »
(Reuters) -Japan’s top tariff negotiator, Ryosei Akazawa, and U.S. Commerce Secretary Howard Lutnick spoke by phone for 30 minutes on Saturday and explored the possibility of a trade deal, the Japanese government said in a statement. Akazawa held separate in-person meetings on Friday with both Lutnick and Treasury Secretary Scott Bessent — meetings that Akazawa …
Japan and US trade negotiators spoke again on Saturday, Japan gov’t says Read More »
ASTANA (Reuters) -Russia’s state nuclear corporation Rosatom and state-owned China National Nuclear Corporation have been tapped to lead separate consortiums to build the first nuclear power plants in Kazakhstan, the country’s atomic energy agency said on Saturday. The oil- and gas-rich nation of 20 million has not had any nuclear power generation capacity since 1999, …
(Corrects investor name in paragraph 4) By Casey Hall and Nicoco Chan SHANGHAI (Reuters) -“Blind box” toymaker Pop Mart, which has seen frenzied sales worldwide for products related to its ugly-cute Labubu character, opened its first jewellery store in Shanghai on Friday. The jewellery concept store, called Popop, sells accessories adorned with Pop Mart’s top-selling …
Labubu-maker Pop Mart diversifies into jewellery with new concept store Read More »
By Alexandra Alper (Reuters) -U.S President Donald Trump approved Nippon Steel’s $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews. Trump signed an executive order saying the tie-up could move forward if the companies sign an agreement with the …
Trump approves Nippon Steel’s $14.9 billion purchase of US Steel Read More »
