(Reuters) – China’s state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company with a registered capital of 28.80 billion yuan ($3.95 billion). The agreement was signed by Sinopec, its unit Fujian Petroleum Chemical Industry Co, and Saudi Aramco’s Singaporean unit Aramco Asia …
China’s Sinopec partners with Saudi Aramco’s unit in $4 billion JV Read More »
By Hadeel Al Sayegh and Manya Saini DUBAI (Reuters) -Riyadh Air CEO Tony Douglas said on Monday the Saudi startup carrier would be ready to buy Boeing aircraft destined for Chinese airlines if they are not delivered due to the escalating trade war between the United States and China. Boeing is looking to resell potentially …
Riyadh Air willing to buy Boeing planes from cancelled Chinese orders, CEO says Read More »
SHANGHAI (Reuters) -Chinese President Xi Jinping will visit Shanghai this week, two sources said, showcasing his country’s main international financial hub at a time when the trade war with the U.S. has raised the stakes for growth. The trip to the city that also hosts Tesla’s biggest factory would build on increasingly bullish assurances from …
Exclusive-China’s Xi to visit Shanghai in show of strength amid trade war Read More »
By Siddhi Nayak MUMBAI (Reuters) -Indian non-banking finance company Shriram Finance is mulling raising funds denominated in Japanese yen to diversify its borrowing profile, with talks still in preliminary stages, its CEO said on Monday. “Our team is exploring a possibility if we can borrow from the Japanese (currency),” YS Chakravarti told Reuters in an …
By Rahul Trivedi BENGALURU (Reuters) – The Bank of Thailand (BOT) is set to cut its key interest rate by a quarter percentage point on Wednesday to support slowing economic growth, according to a Reuters poll of economists who said U.S. tariffs have negatively impacted business sentiment. Inflation remained under control at 0.8% in March …
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -JERA, Japan’s top power generator, may consider Alaska as a potential source of liquefied natural gas (LNG) supply, an executive said on Monday, as Japanese officials head to the U.S. this week for another round of tariff talks. Alaska LNG, a proposed $44 billion project consisting of …
Japan’s JERA may consider Alaska as LNG supply option, executive says Read More »
TOKYO (Reuters) -Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion). Toyota Industries shares remained untraded with a glut of buy orders …
Toyota Industries shares set to surge on potential buyout by Toyota Motor Read More »
By Kantaro Komiya TOKYO (Reuters) -Top Japanese construction machinery maker Komatsu on Monday forecast a 27% decline in operating profit this financial year due to a stronger yen and new U.S. tariffs which will have an impact of more than $650 million. The company expects operating profit of 478 billion yen ($3.33 billion) for the …
Japan’s Komatsu expects 27% profit fall this year on stronger yen, tariffs Read More »
TOKYO (Reuters) -Japanese supermarket rice prices rose for the 16th straight week and doubled from a year ago, the agriculture ministry said on Monday, despite the government’s release of the staple grain from its emergency stockpile to lower prices. In the week to April 20, prices rose 3 yen from the previous week to average …
Japan supermarket rice prices up for 16th straight week, imports seen jumping Read More »
By Hyunjoo Jin SEJONG, South Korea (Reuters) -A senior South Korean government official ruled out on Monday that Seoul would agree to a trade package with Washington by the time the country holds a presidential election on June 3, and flagged challenges to reaching a deal even before early July. The countries last week agreed …
South Korea rules out tariff deal with US before June 3 snap election Read More »
