By Forrest Crellin PARIS (Reuters) – French nuclear fuels company Orano is looking to increase output of uranium from new mines in Mongolia and elsewhere to meet rising demand from the nuclear power industry and offset production from its stalled projects in Niger, said CEO Nicolas Maes. State-owned Orano has had problems exporting uranium from …
Orano looks to Mongolia as new source for uranium Read More »
By Bartosz Dabrowski (Reuters) – Swiss dental implant maker Straumann Holding expects rising demand from China to help boost sales growth this year, it said on Wednesday after reporting 2024 revenues that matched market estimates. Straumann, which specialises in tooth replacement and orthodontic solutions, said Asia-Pacific sales grew 33% in 2024, helped by China’s initiative …
Dental implant maker Straumann expects China demand to lift 2025 growth Read More »
By Federico Maccioni and Hadeel Al Sayegh DUBAI (Reuters) – Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set for an initial public offering this quarter, said on Wednesday. Earnings were boosted by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, …
Etihad profit more than triples to almost $500 million ahead of expected IPO Read More »
By Summer Zhen and Jiaxing Li HONG KONG (Reuters) – Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia’s digital assets hub and attract capital. The Securities and Futures Commission will establish new licensing regimes for over-the-counter trading in virtual …
Hong Kong expands virtual asset push with new licensing, trading options Read More »
By Ernest Scheyder, Sheila Dang HOUSTON (Reuters) -During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant’s success in Colorado as the largest oil and gas producer in the state. Less than 30 minutes later, executives announced plans to cut up to 20% of the …
Chevron staffers absorb long-awaited layoffs as CEO pledges accountability Read More »
BEIJING (Reuters) – China on Wednesday began public consultation on new regulations designed to protect its domestic rare earth industry, a sector where Beijing has previously weaponised its dominance via export controls and other restrictions. The draft regulations were released by the Ministry of Industry and Information Technology late on Wednesday and touched issues including …
China proposes new rules to tighten control over rare earth sector Read More »
By Yuka Obayashi and Kaori Kaneko TOKYO (Reuters) – Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings base. The deal, marking Mitsui’s largest investment ever is a result …
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project Read More »
HANOI (Reuters) – Vietnam’s National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the construction of the country’s first nuclear power plants. In an extraordinary session, parliament also adopted rules that would allow Elon Musk’s Starlink to provide satellite …
Vietnam parliament approves 2025 growth target, paves way for Starlink entry Read More »
By Che Pan and Brenda Goh BEIJING/SHANGHAI (Reuters) – Some of China’s prominent business leaders, including the heads of carmakers BYD and Xiaomi, said they would resist external pressure and keep innovating, following a rare meeting between President Xi Jinping and the private sector. Xi on Monday met dozens of founders and heads of some …
China’s business innovators say will resist external pressure after meeting with Xi Read More »
BEIJING (Reuters) – Ant Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field. The company has opened positions related to humanoid robot systems and applications through its subsidiary, Shanghai Ant Lingbo Technology, which was established at the end of …
Ant Group enters China’s growing humanoid robot industry amid rising tech interest Read More »
