COPENHAGEN (Reuters) – Clean energy fund manager Copenhagen Infrastructure Partners said on Wednesday it has reached financial close on its 495 megawatt (MW) Fengmiao I wind project, off the coast of Taichung, Taiwan. “Fengmiao I is the first offshore wind project in Taiwan to be supported by a portfolio of corporate offtakers and will deliver …
HONG KONG (Reuters) – Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fuelling speculation as to whether China could take steps to scupper the deal. China’s Hong Kong and Macau Affairs Office has reposted two state media commentaries over the past week depicting the …
Explainer-What levers do China and Hong Kong have over CK Hutchison’s port deal? Read More »
JAKARTA (Reuters) – Bank Indonesia governor on Wednesday said there had been talks about the central bank’s mandate during discussions on parliament’s planned revision to a 2023 financial law, but underlined no changes were expected. Governor Perry Warjiyo’s comments came after BI kept interest rates unchanged against a backdrop of turmoil in local markets on …
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank kept policy rates unchanged for a second straight review on Wednesday, as expected, against a backdrop of turmoil in local markets on concerns about global trade wars and the government’s fiscal policy. Bank Indonesia (BI) held the benchmark 7-day reverse repurchase rate steady at …
Indonesia central bank holds rates amid market uncertainties Read More »
TOKYO (Reuters) -Japan Airlines (JAL) said on Wednesday it plans to buy 17 more Boeing 737-8 aircraft to refresh its fleet. The order adds to a 2023 announcement that the company would buy 21 of the 737-8 planes to replace Boeing 737-800 aircraft serving mainly domestic routes. JAL also said it plans to introduce 11 …
(Reuters) -British asset manager Intermediate Capital Group plans to sell PSB Academy, one of Singapore’s largest independent tertiary education institutions, the Wall Street Journal reported on Wednesday, citing people familiar with the situation. ICG has engaged corporate advisory firm Rippledot Capital Advisers to explore its options for the institution, which could be valued at as …
UK’s Intermediate Capital mulls sale of PSB Academy in Singapore, WSJ reports Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -The Competition and Consumer Commission of Singapore said on Wednesday it had not received notification from ride and delivery companies Grab or GoTo on a proposed merger. The commission said that it is aware of media reports regarding a possible merger between the two companies, and that the parties should …
Singapore competition watchdog says no guidance yet on Grab, GoTo merger plans Read More »
SEOUL (Reuters) – South Korean battery maker SK On said on Wednesday that it had won a deal to supply batteries for electric vehicles for Nissan Motor in the United States. SK On plans to provide batteries for Nissan’s next generation electric vehicles that will be built in the Japanese carmaker’s factory in Mississippi in …
South Korea’s SK On wins EV battery deal with Nissan Read More »
By Jaspreet Kalra and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) – Global investors are deserting India’s stock market, selling shares at a record pace to buy Chinese stocks instead, in a dramatic reversal of fortunes for the Asian giants over the last six months. A hit to earnings from high inflation and interest rates have chipped 13% …
Analysis-Foreign investors jilt India as growth falters and China beckons Read More »
BEIJING (Reuters) – Chinese AI startup Zhipu AI has secured 300 million yuan ($41.5 million) in investment from a Chengdu government-backed fund, state media, the Beijing News reported on Wednesday, in the latest move by Chinese cities to support domestic AI development. The investment from Chengdu Hi-Tech Industrial Development Zone follows two funding rounds secured …
Chinese AI firm Zhipu raises $257 million in state-backed funding spree Read More »
