TOKYO – Tokyo Gas said on Wednesday it had made its first foray into a commercially operational terminal for liquefied natural gas outside Japan by acquiring a 20% stake in Philippines’ FGEN LNG, a unit of First Gen Corp. Financial terms of the deal for the stake in FGEN LNG, which owns and operates an offshore …
Tokyo Gas enters Philippine LNG market with terminal stake Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices stalled in January, official data showed on Wednesday, suggesting declining demand in the crisis-hit property sector is struggling to find a floor despite continued government efforts to prop up sentiment. Prices were unchanged month-on-month, according to Reuters calculations based on National Bureau of …
China’s new home prices stagnate in January as demand struggles Read More »
By Makiko Yamazaki TOKYO (Reuters) – Japan’s exports rose for a fourth consecutive month in January led by auto shipments to the United States, but if U.S. President Donald Trump goes through with a plan to impose hefty car tariffs, a sharp drop-off is likely. The solid trade report came after Japan’s GDP data released …
Japan exports climb in January but US auto tariffs could deal heavy blow Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Shares of Singapore’s United Overseas Bank, or UOB, hit a record high on Wednesday after it posted a 9% rise in fourth-quarter net profit that beat expectations and announced a S$3 billion ($2.24 billion) package to return surplus capital to investors. The stock rose as much as 1.4% to touch …
Singapore bank UOB hits record high after Q4 earnings beat, $2.2 billion capital return Read More »
By Makiko Yamazaki TOKYO (Reuters) – Business sentiment for Japanese manufacturers climbed for a second straight month in February and is expected to have improved again by May, albeit modestly, the Reuters Tankan poll found. The results follow data this week that showed the economy grew at a faster-than-expected annualised rate of 2.8% in the …
(Reuters) – HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to BBK, which is majority owned by the governments of both …
HSBC to sell Bahrain retail banking operations as restructuring progresses Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Two interest rate decisions and Chinese house prices top the Asia-Pacific calendar on Wednesday, with markets still pretty buoyant even as investors navigate the increasingly powerful crosscurrents of global trade and geopolitical uncertainty. Wall Street’s big three indices were little-changed on …
Morning Bid: Rate decisions roll in, markets hold firm at highs Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s government approved on Tuesday new targets to cut the country’s greenhouse gas emissions through 2040, alongside a revised energy plan and an updated industrial policy for the same period. The measures, which seek to bolster long-term policy stability for businesses, focus on promoting decarbonisation, ensuring a stable energy …
Japan approves new climate, energy and industry policies through 2040 Read More »
(Reuters) – Toyota Motor has agreed to transfer its order for LG Energy Solution vehicle batteries to a Michigan plant that General Motors is exiting, the Japanese automaker confirmed Tuesday. GM in December said it would sell its stake in the plant, which would have been the third Ultium Cells joint-venture battery plant operated by …
Toyota to transfer LG Energy battery order to Michigan plant Read More »
(Reuters) – Chinese search engine group Baidu said on Tuesday that the success of AI company DeepSeek had inspired it to embrace an open source model, under which the source code of its upcoming generative AI chatbot release will be publicly available. In a call following its fourth-quarter 2024 results statement, Baidu CEO Robin Li …
China’s Baidu says DeepSeek success inspired open source move Read More »
