Reuters Asia Business

Nissan and Honda ditch $60 billion merger talks, face new uncertainty

13 Feb 2025

By Maki Shiraki and Daniel Leussink YOKOHAMA, Japan (Reuters) -Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting the pressure on legacy automakers from Chinese rivals upending the industry. The talks between Honda, Japan’s second-largest automaker, and Nissan, its third, were announced …

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China plans to set up National Data Group, state media reports

13 Feb 2025

BEIJING (Reuters) – China’s state asset regulator is preparing to set up a new enterprise called the National Data Group, state media The Economic Observer reported on Thursday citing sources. The new company will be responsible for integrating, operating and developing data resources at a national level, covering fields like energy, transport, finance and medical …

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Freeport set to resume copper concentrate exports from Indonesia this month, sources say

13 Feb 2025

By Amy Lv and Pratima Desai BEIJING/LONDON (Reuters) – Freeport McMoRan is expected to resume shipments of copper concentrate from Indonesia this month under a new export licence after the previous one lapsed in December, according to two sources with knowledge of the matter. Indonesia has restricted raw material exports to pressure companies to refine …

Freeport set to resume copper concentrate exports from Indonesia this month, sources say Read More »

GIP hires banks to sell Vena Energy stake at up to $10 billion valuation, sources say

13 Feb 2025

By Kane Wu, Andres Gonzalez and Yantoultra Ngui HONG KONG/LONDON (Reuters) – Global Infrastructure Partners (GIP) has mandated Morgan Stanley and Japan’s Mitsubishi UFJ Financial Group to manage the sale of a controlling stake in Vena Energy, in a deal that could value the Singapore-based renewable energy company at up to $10 billion, two people …

GIP hires banks to sell Vena Energy stake at up to $10 billion valuation, sources say Read More »

Commodity exchange Abaxx to launch lithium carbonate contract on March 7

13 Feb 2025

LONDON (Reuters) – The Singapore-based Abaxx commodities exchange plans to launch a lithium carbonate contract on March 7 that will be physically deliverable at three locations, the company said on Thursday. The exchange, owned by Canada-listed Abaxx Technologies Inc, started trading its nickel sulphate contract on January 10, the first of its battery products. The …

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Japan’s Inpex targets FID for Indonesia’s Abadi LNG project in 2027

13 Feb 2025

By Yuka Obayashi TOKYO (Reuters) – Japan’s biggest oil and gas explorer, Inpex Corp, said on Thursday it aims to make a final investment decision (FID) on its Abadi liquefied natural gas project in Indonesia in 2027 as part of its efforts to expand LNG supply. Under a new three-year business plan through 2027, the …

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China’s fuel demand may have passed its peak, IEA says

13 Feb 2025

By Enes Tunagur LONDON (Reuters) – China’s demand for road and air transport fuels may have passed its peak, the International Energy Agency (IEA) said on Thursday, citing data showing that the country’s consumption of gasoline, gasoil and jet fuel declined marginally in 2024. Combined consumption of the three fuels in China last year was …

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Thai Beverage’s Q1 profit dips as spirits unit struggles

13 Feb 2025

(Reuters) – Singapore-listed Thai Beverage posted a marginal decline in first-quarter profit on Thursday, as weakness in its spirits business offset growth in beer and non-alcoholic beverage segments. ThaiBev, one of Southeast Asia’s largest beverage makers, reported earnings before interest, tax, depreciation, and amortization (EBITDA) of 16.44 billion baht ($486.68 million) for the quarter, compared …

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