By Colleen Howe and Amy Lv BEIJING (Reuters) – Global energy trading house Vitol is downsizing the China thermal coal trading operation it recently acquired from Noble Resources, according to two sources with knowledge of the matter. Two of three China-based thermal coal traders are being laid off, according to a source with direct knowledge …
Vitol downsizes China coal trading operations, sources say Read More »
SHANGHAI (Reuters) – China’s banks are cutting the interest rates offered on U.S. dollar deposits after being asked to do so by the central bank, possibly to curtail dollar hoarding and also prop up a weakening yuan, sources said. Mainland retail investors and exporters have built up nearly a trillion dollars worth of deposits because …
Exclusive-Chinese banks heed PBOC call to cut dollar deposit rates, say sources Read More »
BANGKOK (Reuters) – ByteDance’s TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok’s Vice President of Public Policy, said on Friday at an event in Bangkok. It was not immediately clear if the investment included a $3.8 billion agreement announced last month by Thailand’s investment board. (Reporting by …
Bytedance’s TikTok to invest $8.8 billion in Thailand data centres, official says Read More »
By Lisa Barrington and Tim Hepher SEOUL/PARIS (Reuters) -Next month marks three years since a China Eastern jet plunged into a hillside killing 132 people, with relatives still waiting to learn what caused China’s deadliest air disaster in three decades. It is one of dozens of accidents worldwide in which investigators have yet to issue …
Air safety reporting under scrutiny as crashes lie unresolved Read More »
BANGKOK (Reuters) – Thailand’s manufacturing production index dropped by a less than expected 0.85% in January from a year earlier, helped by government stimulus measures amid a continued slump in car output, the industry ministry said on Friday. The MPI reading compared with a forecast fall of 2.55% for January in a Reuters poll and …
Thai factory output beats expectations in January but car output slump weighs Read More »
HANOI (Reuters) – Vietnam’s Steel Association has asked the government to impose tariffs on galvanised steel imported from China and South Korea to protect domestic production, the government said on Friday. Galvanised steel imports from China and South Korea have been rising rapidly, “putting heavy pressure on the domestic steel industry”, the government cited an …
Vietnam steel body seeks tariffs on Chinese, South Korean galvanised steel Read More »
SHANGHAI (Reuters) – China’s Chery Automobile has applied for an initial public offering in Hong Kong, seeking funds to develop new vehicles and technologies as well as to expand in global markets and improve domestic production facilities. Its filing with the Hong Kong stock exchange did not detail the size of the IPO or when …
BEIJING (Reuters) – China’s factory activity likely contracted for a second month in February, keeping alive calls for even more stimulus to prop up depressed domestic demand in the world’s second-largest economy as manufacturers brace for fresh U.S. tariffs. A Reuters poll of 21 economists forecast the official purchasing managers’ index (PMI) will come in …
China’s manufacturing activity set to contract for second month in Feb: Reuters poll Read More »
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports are estimated to have risen in February, a Reuters poll showed, but the return to growth was largely due to more working days in the month and economists said the country’s trade momentum was weakening amid a global tariff war. Outbound shipments from Asia’s fourth-largest economy …
SEOUL (Reuters) – South Korea’s national pension fund logged a record investment return of 15% last year, the welfare ministry said on Friday. That is the highest-ever annual return recorded by the National Pension Service (NPS), the world’s third-largest pension fund. The NPS has been increasing investments in risky and overseas assets for higher returns …
South Korea’s pension fund logs record 15% investment return in 2024 Read More »
