BEIJING (Reuters) – China’s outstanding property loans were down 0.2% at the end of the fourth quarter, less than the prior year’s 1% decline, central bank data showed on Friday, indicating government efforts to bolster the market were beginning to take effect. Outstanding property loans at the end of 2024 stood at 52.8 trillion yuan …
China’s property loan contraction eases after government support Read More »
By Ashley Tang KUALA LUMPUR (Reuters) – Malaysia will crack down on fraud in the used cooking oil industry, its deputy commodities minister told Reuters, as western governments investigate whether shipments of the biofuels feedstock from Asia actually contain virgin oil. The Malaysian Palm Oil Board (MPOB) is reviewing its standards and policies governing used …
Exclusive-Malaysia will crack down on fraud in used cooking oil exports, official says Read More »
By Fabio Teixeira RIO DE JANEIRO (Reuters) -Chinese electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China, according to public records reviewed by Reuters. The EV producer’s acquisition of mineral rights in Brazil is …
China’s BYD holds mining rights in Brazil’s Lithium Valley, documents show Read More »
By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Taiwan’s GlobalWafers said on Friday its investments in the United States were proceeding as planned as the company had not been notified of changes to agreed subsidies under the U.S. CHIPS Act. The U.S. Commerce Department said in December it had finalised $406 million in government grants to GlobalWafers …
Taiwan’s GlobalWafers says US investments progressing as planned Read More »
BEIJING (Reuters) – Mongolia and China agreed to construct a new cross-border railway link, according to a statement released by the Mongolian government on Friday. Once operational, the railway link will increase coal transport capacity by 30 million tons, the statement said, adding that construction was expected to start in April 2025 and be completed …
Mongolia, China announce new railway link project Read More »
(Reuters) -Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country’s business leaders including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said. Xi rarely chairs symposiums about the private sector and the event underscores the numerous challenges facing …
(This Feb. 13 story has been refiled to give the full name of the sovereign wealth fund in paragraphs 1, 5 and 6) JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto will launch a new sovereign wealth fund called Danantara Indonesia on February 24 with assets under management exceeding $900 billion, according to a video statement …
Indonesia to launch new sovereign wealth fund with over $900 billion in assets Read More »
BEIJING (Reuters) – Zeekr Group, Geely’s new car subsidiary created after merging its two premium brands of Zeekr and Lynk & Co, said on Friday that it plans to expand overseas sales network to a total of over 200 stores this year. Europe, Middle East and East Asia markets would be in focus for the …
China’s Zeekr and Lynk aim for over 200 total overseas stores in 2025 Read More »
COLOMBO (Reuters) – Sri Lanka’s headline inflation is expected to peak around 2 percentage points above the central bank’s target in the second quarter of 2026, the bank said in a monetary policy report on Friday. The comments come after the Central Bank of Sri Lanka took advantage of a steep decline in inflation to …
Sri Lanka’s cenbank sees inflation peak above target in Q2 next year Read More »
BANGKOK (Reuters) – Thailand is hoping it will not face U.S. tariff measures and will do everything to make sure the country is not a target, the commerce minister said on Friday, amid concerns that the country’s trade surplus with Washington could become an issue. The Southeast Asian country has a plan for negotiations and …
Thailand hopes it will not face U.S. tariffs, commerce minister says Read More »
