SEOUL (Reuters) -A new Boeing 737 MAX landed back in China on Monday, flight tracking data showed, a sign the U.S. planemaker was resuming deliveries to Chinese customers as Beijing and Washington ease their tariff war. Boeing, which halted deliveries of new planes to China in April as the world’s two largest economies ramped up …
Boeing plane lands back in China for delivery as tariff war eases Read More »
BEIJING (Reuters) – China, the world’s largest coal buyer, cut imports of the fuel by 18% year-on-year in May, customs data showed on Friday, as low-priced domestic coal chipped away at overseas purchases and renewables cut into coal-fired power generation. Imports for the month were 36.04 million metric tons, down from 43.82 million tons in …
China’s May coal imports fall 18%, hit by cheap domestic coal, renewables Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, from KKR. KKR said in a statement that it would remain the majority shareholder. It did not …
British Columbia Investment buys stake in KKR’s Pinnacle Towers Read More »
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s economy contracted less than initially estimated in the January-March quarter, government data showed on Monday, with consumption figures revised upwards at a time when uncertainty surrounding U.S. tariffs is clouding the outlook. Gross domestic product shrank an annualised 0.2% in the three months through March 31, showed revised data …
Japan’s Q1 GDP contraction narrows on consumption improvement, revised figure shows Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan should make clear it is not monetising government debt by ensuring that fiscal considerations do not take precedence over its goal of achieving price stability, Deputy Governor Shinichi Uchida said on Saturday. Central banks can theoretically print unlimited amounts of money and completely finance government debt, …
BOJ must ensure fiscal considerations don’t overtake mandate, deputy governor says Read More »
ASTANA (Reuters) -Kazakhstan’s President Kassym-Jomart Tokayev on Sunday replaced two ministers in his government, including the transport minister, who he had previously criticized for delays in infrastructure modernisation. He fired Defence Minister Ruslan Zhaksylykov and replaced him with Zhaksylykov’s deputy and Air Defence Forces chief Dauren Kosanov, according to decrees published on the president’s site. …
Kazakhstan president replaces ministers of defence and transport Read More »
By Brenda Goh SHANGHAI (Reuters) – China is willing to accelerate the examination and approval of rare earth exports to European Union firms and will also deliver a verdict on its trade investigation of EU brandy imports by July 5, its commerce ministry said on Saturday. Price commitment consultations between China and the EU on …
China says it may speed up rare earths application approvals from EU Read More »
JAKARTA (Reuters) -Indonesia said on Saturday that free trade negotiations with the European Union, which have been ongoing for nine years, are expected to be concluded by the end of June. Airlangga Hartarto, the chief economic minister for Southeast Asia’s biggest economy, met with EU Commissioner for Trade Maros Sefcovic in Brussels on Friday. “Indonesia …
Indonesia expects to conclude free trade talks with EU by end of June Read More »
SHANGHAI (Reuters) -Geely’s chairman and founder Li Shufu said on Saturday that the global automotive industry was facing “serious overcapacity” and that the Chinese automaker had decided not to build new manufacturing plants or expand production in existing facilities. Li made the comments at an auto forum in the central city of Chongqing, according to …
Geely chairman says global auto industry faces ‘serious overcapacity’ Read More »
TAIPEI (Reuters) -A senior Taiwanese official said on Saturday he had this week visited the site of a potentially enormous new liquified natural gas (LNG) project in Alaska that the Trump administration has been pushing hard to allies in Asia as a supply option. Energy developer Glenfarne had said on Tuesday that 50 firms had …
Senior Taiwan official visits site of new Alaska LNG project Read More »
