BEIJING (Reuters) – China has proposed to ban the imposition of fines on private companies without legal and regulatory basis in its Private Economy Promotion Law, state-run Xinhua reported on Monday, citing a meeting of the country’s top legislature. (Reporting by Beijing Newsroom)
By Mei Mei Chu BEIJING (Reuters) -China’s rising demand for food calls for increased efforts to boost grains production even after record high output in recent years, China’s Central Rural Work Leading Group said on Monday. “More than 1.4 billion of us want to eat, and we want to eat better and better,” Han Wenxiu, …
China says rising food demand requires production boost Read More »
SINGAPORE (Reuters) – Dalian iron ore futures prices snapped a four-day winning streak on Monday as increasing levies on Chinese steel dampened demand prospects for the key steelmaking ingredient, though decreasing portside inventories in China limited the fall. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.77% lower …
Iron ore snaps four-day rise due to more duties on Chinese steel Read More »
KUALA LUMPUR (Reuters) – Malaysia has no plans to raise palm oil’s biodiesel blend to 20% from the current 10%, as the required infrastructure development would need funding that both the industry and the government are unwilling to provide, the commodities minister said on Monday. There are challenges to implement the biodiesel blend to 20% …
Malaysia rules out raising palm oil’s biodiesel blend to 20% Read More »
SEOUL (Reuters) – Samsung Electronics and its labour union in South Korea have reached an agreement for a 5.1% wage increase, the company and the union said in separate statements on Monday. Members of the National Samsung Electronics Union (NSEU), whose roughly 36,000 members make up about 30% of the company’s South Korean workforce, will …
Samsung Elec, union in South Korea agree 5.1% wage increase Read More »
SEOUL (Reuters) – Malaysia’s Capital A Berhad, owner of budget airline AirAsia, said on Monday it will start to publish internal business targets alongside quarterly results to give investors a better picture of the company’s financial outlook. Capital A was hard hit by pandemic travel restrictions and classified by Malaysia’s stock exchange as ‘PN17’, or …
AirAsia owner Capital A to publish internal targets to improve transparency Read More »
HONG KONG (Reuters) – Shares of New World Development fell as much as 3% on Monday after the developer flagged that it expected to swing to a loss of up to HK$6.80 billion ($875.12 million) for the first half of fiscal 2025 on lower expected prices for its properties. The stock fell to a low …
New World Development shares fall 3% on H1 loss warning Read More »
By Ashley Tang and Rajendra Jadhav KUALA LUMPUR (Reuters) – Malaysian palm oil exports to China will “remain resilient” this year despite their premium over rival oils and Chinese consumers’ shifting buying patterns, the deputy commodities minister said on Sunday. Malaysia’s exports of palm oil to China declined in 2024 due to lower soybean prices …
Malaysia expects its palm exports to China to be ‘resilient’ amid price pressure Read More »
(Reuters) -Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial Times reported on Sunday. Net profit was down almost 40% at $1 billion in 2024, the report said, citing two people with knowledge of the …
Shein’s annual profit down by more than a third, FT reports Read More »
By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett said on Saturday that his conglomerate Berkshire Hathaway will likely increase its ownership in the five Japanese trading houses it holds. In his annual letter to Berkshire shareholders, the billionaire investor said Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo agreed to “moderately relax” limits that capped Berkshire’s …
Berkshire to boost investments in Japanese trading houses Read More »
