Reuters Asia Business

BEIJING (Reuters) -PetroChina and state-owned China Oil and Gas Pipeline Network Corp. (PipeChina) established two gas storage companies this week in China, the Tianyancha company information database showed. The oil and gas major’s investment arm and PipeChina’s research and technical service company registered Liaohe Gas Storage in northeast China and Xinjiang Gas Storage in northwest …

PetroChina, PipeChina set up two gas storage companies in China Read More »

By Thanadech Staporncharnchai and Orathai Sriring BANGKOK (Reuters) -Severe floods in Thailand’s southern region could cut rubber production in the world’s largest producer by as much as 90,000 metric tons, worth 4.5 billion baht ($140 million), the national rubber authority said on Thursday. Flood waters in the world’s top rubber producer and exporter have inundated …

Thailand floods could cut rubber output by $140 million, authority says Read More »

SHANGHAI (Reuters) -Strong demand for Apple’s iPhone during China’s Singles’ Day shopping festival single-handedly drove growth in smartphone sales during the period, research firm Counterpoint said on Thursday. Apple accounted for 26% of all smartphones sold over the month-long event, with total sales across brands increasing 3% from a year earlier. Sales of Apple’s iPhone …

Apple single-handedly drives Singles’ Day smartphone sales growth Read More »

BEIJING (Reuters) -Chinese humanoid robot companies should prevent the risk of highly repetitive products entering the market and squeezing the space for research and development, the country’s top economic planner’s spokesperson said on Thursday. There are more than 150 humanoid robot companies in China, and speed and bubbles have always been an issue that need …

China state planner asks humanoid robot firms to avoid repetitive products Read More »

TOKYO (Reuters) -Japan’s Kashiwazaki-Kariwa nuclear power plant, the world’s biggest, could be restarted as soon as January pending consent from regional authorities, the plant’s director was quoted as saying by Jiji news agency on Thursday. A Japanese regional governor last week gave the green light for a partial restart of the plant, as Japan tries …

Japan’s Kashiwazaki-Kariwa nuclear plant could restart in January, Jiji reports Read More »

SEOUL (Reuters) -Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of the country’s largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won ($10.27 billion). The payment platform said in a regulatory filing on Wednesday that the deal, which is one of the …

Naver’s payment arm to acquire South Korean crypto exchange operator in $10 billion deal Read More »

TOKYO (Reuters) -Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong U.S. demand for hybrid vehicles that offset weaker sales in Japan and China. Global output climbed 4% to 926,987 cars from a year earlier, while worldwide sales advanced 2% to 922,087 vehicles, marking a …

Toyota October output grows for fifth straight month on strong US demand Read More »