SINGAPORE (Reuters) – RHB Singapore, part of Malaysia’s fourth biggest bank group RHB, said on Tuesday that it has appointed Goh Ken-Yi as its new Chief Executive Officer effective immediately, according to a statement. Goh was previously RHB Singapore’s deputy CEO and succeeds Danny Quah, who is taking on a broader role as managing director …
By Summer Zhen HONG KONG (Reuters) – Jane Street, one of the world’s largest quant trading firms and market makers, is planning a sharp increase in Hong Kong office space, two people familiar with the matter said. The New York-based firm is negotiating with landlord Hongkong Land to lease two more floors at Chater House, …
US trading firm Jane Street seeks to rapidly expand Hong Kong office space, sources say Read More »
By Kane Wu and Scott Murdoch HONG KONG (Reuters) – China’s Luxshare Precision Industry, maker of Apple AirPods, is considering a Hong Kong listing this year, three people familiar with the matter said, adding to a recent run of mainland China-listed companies eyeing a Hong Kong float. Shenzhen-listed Luxshare has been discussing the deal with …
China’s Luxshare weighing Hong Kong listing this year, sources say Read More »
By Chen Aizhu SINGAPORE (Reuters) -The former head of trader Mercuria’s Beijing operation is joining China’s largest private oil refining and chemical group Rongsheng Holdings in a senior position, according to four sources with direct knowledge of the matter. An internal memo from Mercuria confirmed that Li Xinhua was leaving the company, but did not …
Mercuria’s ex-Beijing head joining China’s Rongsheng, sources say Read More »
BEIJING (Reuters) – China will encourage banks to increase the issuance of credit loans and medium- and long-term loans to technology enterprises, the National Financial Regulatory Administration said in a statement on Tuesday. Banks can extend the term for working capital loans to such enterprises to a maximum period of 5 years, the regulator said. …
China asks banks to increase credit support to technology firms Read More »
SINGAPORE/BEIJING (Reuters) – China’s oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday. Oil demand from the petrochemical sector still has room to grow as …
China’s oil consumption to tick up 1.1% in 2025, CNPC think tank says Read More »
HONG KONG (Reuters) – Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal …
Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal Read More »
BEIJING (Reuters) -China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called “somewhat exaggerated”, while Tokyo said there was no such discussion. The state media comments came after the three countries held their first economic dialogue in …
China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says Read More »
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – SpaceX is readying a ground station in Vietnam for Starlink satellites and plans many more, two people with knowledge of the talks told Reuters, in a move that would herald its launch in the country and would help authorities police internet traffic. The possible investment follows …
SpaceX eyes Starlink hub with multiple ground stations in Vietnam, sources say Read More »
BANGKOK (Reuters) – Thailand’s cabinet has approved reducing electricity prices for the public from May to August, the prime minister said on Tuesday. (Reporting by Chayut Setboonsarng; Wrting by Martin Petty)
