(Reuters) -Nissan CEO Ivan Espinosa expects Japanese trade negotiators to move more quickly in negotiations with the United States towards securing lower tariffs, he said on Thursday, as the struggling automaker awaits clarity on the Trump administration’s duties on cars and auto parts. Nissan unveiled sweeping new cost cuts on Tuesday, saying the measure would …
Nissan CEO urges Japan to accelerate U.S. trade talks Read More »
HANOI (Reuters) – Flag carrier Vietnam Airlines has received shareholder approval to increase its charter capital by 9 trillion dong ($347.10 million) for a long-term plan that included new planes purchases, the official Vietnam News Agency reported on Thursday. At an extraordinary meeting, shareholders approved the airline’s plan to buy 50 narrow-body planes, which can …
Vietnam Airlines to raise core capital, buy 50 narrow-body planes Read More »
SHANGHAI (Reuters) -China’s Ant Group posted net profit of 5.4 billion yuan ($749 million) for the three months to December 31, down 31.4% from a year earlier, Reuters calculations based on Alibaba Group Holdings’ earnings released on Thursday showed. The e-commerce giant reports profit from Ant one quarter in arrears. Chinese media earlier this month …
Ant Group quarterly profit down 31.4% year-on-year to 5.4 billion yuan Read More »
(This May 13 story has been corrected to change the valuation to 153.3 trillion dong, not 53.3 trillion dong, in paragraph 2) HANOI (Reuters) – Shares of Vinpearl, the hospitality arm of conglomerate Vingroup, jumped 20% on Tuesday after the Vietnamese firm launched an equity issue to bolster its capital reserves amid heavy investment in …
Vinpearl’s shares jump 20% on equity issue amid VinFast expansion Read More »
By Fransiska Nangoy JAKARTA (Reuters) – The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday. KUFPEC will invest about $1.54 billion to develop the Anambas block to produce 55 million standard cubic feet a …
Indonesia approves Kuwaiti explorer to develop Anambas block in Natuna Sea Read More »
By Ashitha Shivaprasad (Reuters) – Weakness in aluminium demand linked to trade tensions will likely weigh on prices this year, but a longstanding cap on Chinese output could limit losses, analysts said. Prices of aluminium rose 7% last year, have fallen 2% on the London Metal Exchange (LME) so far this year after U.S. President …
China’s output cap to underpin aluminium despite trade wars Read More »
BEIJING (Reuters) -China on Thursday accused the United States of “abusing export control measures” and urged Washington to correct its practices after the U.S. issued guidance warning companies not to use Huawei’s Ascend AI chips. The guidance threatens the stability of global semiconductor supply chains, Chinese commerce ministry spokesperson He Yongqian told a regular press …
China accuses US of ‘abusing’ export control measures in Huawei AI chip curb Read More »
(Reuters) -Cambodia has held its first round of trade talks with the United States in Washington, its government said on Thursday, as it tries to negotiate over one of the highest tariff rates imposed by the Trump administration. The United States is Cambodia’s biggest export market, with the Southeast Asian country facing major implications for …
Cambodia holds trade talks with U.S. as 49% tariff weighs on outlook Read More »
By Jihoon Lee SEOGWIPO, South Korea (Reuters) -The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports from a region that accounts for around half of world trade will slow sharply this year, and barely grow at all, in the wake of U.S. tariff announcements. The 21-member bloc convened an annual session of trade …
APEC warns of stalling trade due to tariffs as China, US officials meet Read More »
By Stanley Widianto JAKARTA (Reuters) -“Jumbo”, an Indonesian cartoon about a spirited orphan boy named Don, has toppled the Disney film “Frozen 2” to become Indonesia’s highest-grossing animated movie in a major boost for the country’s fledgling animation industry. As of mid-May “Jumbo” had been watched by more than 9.6 million people locally and earned …
Jumbo takings for hit Indonesian animated film raise hopes for fledgling industry Read More »
