TOKYO (Reuters) -Shares of Seven & i tumbled as much as 12% on Tuesday, following a report the 7-Eleven owner plans to reject a $47 billion takeover offer from Canada’s Alimentation Couche-Tard, although the Japanese company said it was still considering the offer. The shares finished down 7% at 2,044 yen in Tokyo having earlier …
Shares of Seven & i fall after report to reject Couche-Tard bid Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan was “well positioned” for the first review of its $7 billion International Monetary Fund bailout programme, the finance minister told Reuters, as talks with the global lender began on Tuesday. Islamabad secured the $7 billion Extended Fund Facility last summer to help claw its way out of an economic …
Pakistan ‘well positioned’ for first review of IMF bailout, minister says Read More »
BEIJING (Reuters) -Tesla’s sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Tesla, which makes its Model 3 and Model Y vehicles in China, sold 93,926 …
Tesla’s China-made EV sales fall to lowest since August 2022 Read More »
HANOI (Reuters) -Vingroup has signed a memorandum of understanding with private equity fund JTA Investment Qatar to explore a potential investment of at least $1 billion in electric vehicle maker VinFast, the Vietnamese conglomerate said on Tuesday. Nasdaq-listed VinFast is pursuing an aggressive but costly expansion strategy in Vietnam, where it can rely on a …
Vingroup signs deal for potential Qatar fund investment of $1 billion in VinFast Read More »
By Tom Westbrook and Ankur Banerjee SINGAPORE (Reuters) -Markets no longer think Donald Trump is full of bluster and are moving quickly to anticipate a slowdown in U.S. and global growth as he raises a wall of tariffs around the world’s biggest economy and trading partners start to respond in kind. Six weeks into his …
Analysis-Investors say it’s time to take Trump seriously as markets recoil Read More »
By Chen Aizhu SINGAPORE (Reuters) – China National Offshore Oil Company (CNOOC) is slated to launch an upgraded joint-venture refinery complex around June, marking the state-controlled producer’s further expansion into refining and petrochemicals, industry sources said. CNOOC aims to start operating the complex on Daxie island in Ningbo that includes more than a dozen newly …
China’s CNOOC to launch refinery expansion after $2.7 billion upgrade, sources say Read More »
JAKARTA (Reuters) -Indonesia seeks to boost coal gasification projects using funding from its newly launched sovereign wealth fund Danantara Indonesia, the country’s energy minister said. Indonesia, the world’s top thermal coal producer, has been pushing to process low-rank coal to produce dimethyl ether to slash LPG imports, but previous projects have stalled due to foreign …
Indonesia plans to use sovereign wealth fund to boost coal gasification projects Read More »
SHANGHAI/HONG KONG (Reuters) -China and Hong Kong stocks ended mostly unchanged on Tuesday, buoyed by tech firms, with investors shrugging off a new U.S.-China trade spat and focused instead on the upcoming annual parliamentary sessions to gauge Beijing’s policy direction. China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies …
China, HK shares steady amid US-Sino trade spat; focus on NPC Read More »
BEIJING (Reuters) – China will play along to the end if the United States was bent on waging a trade or tariff war, the Chinese foreign ministry said on Tuesday. China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products. It …
China says will play along to the end if U.S. insists on tariff war Read More »
By Brigid Riley TOKYO (Reuters) – Japan’s Nikkei fell on Tuesday, as markets were jittery about a trade war as fresh U.S. tariffs came into effect, while a stronger yen added to investors’ concerns. U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect, along with a doubling of duties …
Japan’s Nikkei slides as US tariffs, stronger yen unsettle market Read More »
