Reuters Asia Business

(Reuters) -China’s XPeng on Wednesday forecast second-quarter revenue above Wall Street estimates, betting on growing demand for its lower-priced electric vehicles. U.S.-listed shares of the company rose 6.3% in premarket trading. XPeng is one of the few automakers to weather China’s hypercompetitive EV market, but is yet to turn a profit. In the first quarter, …

Xpeng forecasts upbeat quarterly revenue on strong EV deliveries Read More »

JAKARTA (Reuters) -Indonesia’s antitrust agency has started research aimed at identifying risks from a possible merger between tech giants Grab and GoTo, its head said on Wednesday. Muhammad Fanshurullah Asa in a statement said the agency would be able to conduct a thorough review once the merger takes place and both companies give notification of …

Indonesia’s antitrust body looking into risks from reported Grab-GoTo merger Read More »

By Bernadette Christina TANGERANG, Indonesia (Reuters) -Gas producers in western Indonesia have signed a swap deal with state-owned distributor Perusahaan Gas Negara and Singaporean buyers Sembcorp Gas and Gas Supply Pte to shore up domestic gas supply, state energy firm PT Pertamina said on Wednesday. The gas swap scheme aims to ensure demand from Indonesia’s …

Indonesian gas firms sign gas swap deal to meet domestic demand Read More »

TOKYO (Reuters) -Japan will consider easing the timeframe for achieving a balanced budget as U.S. tariffs cloud the economic outlook, the Nikkei daily reported on Wednesday, a move that may add to growing market worries about the country’s fiscal woes. Under its long-term policy blueprint, the government currently says it will strive to achieve a …

Japan to consider easing timeframe for hitting budget goal, Nikkei says Read More »

TOKYO/SINGAPORE (Reuters) – Japan’s second-largest shipping company Mitsui O.S.K. Lines (MOL) said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia. “We will continue to fully cooperate with the relevant authorities, including the European Union and the Japanese government, and …

Japanese shipping group Mitsui OSK assessing EU sanction impact on its LNG vessels Read More »

By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) -China Mobile, the world’s biggest wireless carrier by users, is moving closer to a deal to take over Hong Kong broadband company HKBN after rival bidder I Squared Capital dropped out of the race, three sources said. U.S.-based global infrastructure investor I Squared was preparing to …

China Mobile closer to taking over Hong Kong broadband company HKBN, sources say Read More »

By Tim Kelly TOKYO (Reuters) -Japan opened one of its largest-ever arms shows on Wednesday in a display that Defence Minister Gen Nakatani said marked the pacifist nation’s deepening push for overseas defence cooperation and weapons exports. The DSEI Japan exhibition near Tokyo showcased Japanese missiles, warships and research into lasers and electromagnetic railguns. The …

Japan flexes defence ambitions at arms show Read More »