BANGKOK (Reuters) -The Thai economy improved in April from March and the outlook remains in line with its downwardly revised forecast for this year with the impact of U.S. tariffs to be seen in the second half, the central bank said on Friday. The manufacturing sector improved after a sharp increase in exports drove inventory …
Thai economy improved in April, outlook still intact, central bank says Read More »
By Trixie Yap (Reuters) -India’s diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe. Increased diesel exports from India, one of the largest …
India’s May diesel exports to Southeast Asia seen at multi-year highs on higher margins Read More »
HONG KONG/SHANGHAI (Reuters) -China’s Geely is undervaluing its premium electric car unit Zeekr with the $2.2 billion take-private offer it has made, five early investors in Zeekr have written to its board, according to three sources with direct knowledge of the matter. The investors, including Contemporary Amperex Technology Co Ltd (CATL), Intel Capital and Boyu …
By Francesco Guarascio HANOI (Reuters) -Investment in a planned Trump Tower in Vietnam is estimated at around $1 billion and construction of the at least 60-storey skyscraper could start next year, a person familiar with the discussions told Reuters. The building, for which plans are still preliminary, would be the second major project the Trump …
Exclusive-Work on $1 billion Trump Tower in Vietnam could start next year, source says Read More »
By Rajendra Jadhav and Anmol Choubey (Reuters) – Physical gold demand in India was subdued this week, as an uptick in domestic prices and a winding up of wedding season kept buyers at bay, while premiums slipped in top consumer China. This week, Indian dealers were offering a discount of up to $31 an ounce …
India gold demand lags as prices rise, wedding buying cools Read More »
By Saeed Azhar NEW YORK (Reuters) -Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1MDB. Malaysian and U.S. authorities estimated $4.5 billion was stolen from 1MDB …
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case Read More »
By Lisa Barrington and Abhijith Ganapavaram NEW DELHI (Reuters) -An unpredictable trade war and daunting environmental targets are on the agenda for global airline bosses at an annual summit in India, as the industry addresses concerns that geopolitical uncertainty will dent strong travel demand and raise costs. More people are flying than ever before after …
Global airlines to address trade war, net-zero uncertainties at annual summit Read More »
BANGKOK (Reuters) -Thailand’s manufacturing production index unexpectedly rose 2.17% in April from a year earlier on gains in manufacturing, exports of industrial goods and tourism, the industry ministry said on Friday. But output was still down 0.75% over the first four months of 2025 from a year earlier, and the ministry cut its 2025 forecast …
Thai factory output rises in April, but 2025 forecast cut Read More »
TOKYO (Reuters) -Nippon Steel plans to invest nearly 870 billion yen ($6.05 billion) to introduce electric furnaces at its three domestic plants to reduce carbon emissions, the company said on Friday. Japan’s government plans to subsidise as much as 251 billion yen of the steelmaker’s decarbonisation efforts focused on the three plants by the 2029 …
Nippon Steel to spend $6 billion on decarbonisation efforts at three plants Read More »
DHAKA (Reuters) -Japan will provide $1.063 billion in support to Bangladesh for budget assistance, railway upgrades and education, Dhaka said on Friday, as interim head Muhammad Yunus visits Tokyo to strengthen ties between the two countries. The package includes $418 million as a development policy loan to Bangladesh to help with economic reforms and climate …
Japan to give $1.06 billion to Bangladesh in budget support, Dhaka says Read More »
