JAKARTA (Reuters) -Indonesia will raise its palm oil export levy to between 4.5% and 10% of the crude palm oil reference price, up from 3% to 7.5%, to finance a mandated increase in the amount of the oil used in biodiesel, a plantation fund official said on Tuesday. Indonesia raised the mandatory amount of palm …
Indonesia to raise palm oil export levy to 4.5% to 10%, official says Read More »
By Laurie Chen BEIJING (Reuters) -Dozens of foreign CEOs will visit Beijing this month for a flagship business conference and some will meet with President Xi Jinping, as China seeks to attract foreign investment to offset U.S. tariffs and sluggish domestic consumption. The annual China Development Forum will take place March 23-24 at Beijing’s Diaoyutai …
Hedge funds, pharma CEOs on list of attendees for China business summit Read More »
TAIPEI (Reuters) -Taiwan will maintain anti-dumping duties on stainless steel from China and South Korea for five years, its finance ministry said on Tuesday. The decision reaffirms an existing policy that all manufacturers and exporters from China and South Korea are subject to anti-dumping duty rates of 38.11% and 37.65%, respectively, the ministry said in …
Taiwan to keep anti-dumping duties on China, South Korea stainless steel for 5 years Read More »
By Laurie Chen BEIJING (Reuters) -Dozens of foreign CEOs will visit Beijing this month for a flagship development conference where some are expected to meet President Xi Jinping, according to a draft agenda and three sources familiar with the matter. The annual China Development Forum will take place on March 23-24 at the Diaoyutai State …
Foreign CEOs to flock to China for key summit, Xi meeting, sources say Read More »
By Clare Jim HONG KONG (Reuters) -Hong Kong is opposed to “bullying tactics” by foreign governments, the city’s leader said on Tuesday when asked about conglomerate CK Hutchison’s port deal with U.S. firm BlackRock amid reports that China is also scrutinising the sale. CK Hutchison said this month it had agreed to sell most of …
‘Bullying’ claims and China scrutiny ramp up pressure on CK Hutchison Read More »
TOKYO (Reuters) – Japanese automaker Mazda Motor said on Tuesday it will keep investments in its electrification efforts in check by making use of partnerships and its existing manufacturing plants after inflation threatened to push up costs. The automaker said it expects to keep its investment at around 1.5 trillion yen ($10.02 billion) for the …
Mazda makes cost-saving effort as inflation threatens to drive up investment spending Read More »
BEIJING (Reuters) – Chinese electric vehicle maker Nio announced its partnership with CATL to establish a battery swapping network for cars. CATL will support Nio in developing the battery swapping network while the battery giant’s Choco-Swap technical standards and network will be introduced to Firefly-branded newly developed models, according to a company statement sent to …
China’s Nio ties up with CATL to build battery swapping network Read More »
(Reuters) – Canadian insurer Manulife Financial on Monday named Steve Finch as the CEO and president of its Asia unit, effective from May 9. Finch, who is currently the company’s chief actuary, will succeed Phil Witherington, who has been appointed as Manulife’s CEO and president, also effective from May 9, the company said in a …
Canada’s Manulife appoints Steve Finch as CEO and president of Asia unit Read More »
By Katya Golubkova, Yuka Obayashi and Tim Kelly TOKYO (Reuters) -Alaska’s governor and state representatives will visit Japan and three other Asian countries starting this week to court investors for a natural gas project that President Donald Trump says could pump trillions of dollars into the U.S., although Japanese energy firms remain sceptical. Officials from …
Alaskan officials to seek investors in Asia as Trump touts LNG Read More »
By Clare Jim HONG KONG (Reuters) -Hong Kong property magnate Lee Shau Kee, one of the city’s richest men, died on Monday at the age of 97, Henderson Land, the group that he founded, said in a statement. Nicknamed “Uncle Four” as he was the fourth oldest among his siblings, Lee was born into a …
Lee Shau Kee, founder of Henderson Land Group, dies at 97 Read More »
