KARACHI (Reuters) – AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, and Middle Eastern oil and gas company Montage Oil have bid for a 75.01% stake in Lotte Chemical Pakistan, per a notice filed by the manager to the offer with the Pakistan Stock Exchange on Thursday. “The due …
AsiaPak Investments, Montage Oil bid for 75% of Lotte Chemical Pakistan Read More »
By Wen-Yee Lee TAIPEI (Reuters) – ASE Technology Holding Co., the world’s largest chip packaging and testing provider, said on Thursday it expects its revenue from leading-edge advanced packaging and testing to more than double to $1.6 billion this year, as global demand for AI chips surges. ASE CFO Joseph Tung said on an earnings …
TOKYO (Reuters) – Lightsource BP, a unit of British oil giant BP, announced on Thursday its entry into the Japanese renewable market with the acquisition of a 15 megawatt peak(MWp) solar project in northern island of Hokkaido. The move marks an important expansion of the company’s operations in the Asia-Pacific region, leveraging its global expertise …
Lightsource BP enters Japan renewable market with 15 MW solar project Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s top gas importer Petronet LNG plans to trade liquefied natural gas (LNG) through its Singapore-based unit, CEO A K Singh said on Thursday. The company will not trade LNG cargoes procured under long-term deals, he said in a press conference at the India Energy Week. “Right now, …
India’s Petronet plans to trade LNG via Singapore unit Read More »
By Brijesh Patel and Rajendra Jadhav (Reuters) – A stellar rally that has lifted global gold prices to all-time highs has cast a shadow on jewellery purchases for India’s wedding season, while dealers in China offered discounts to lure buyers. Benchmark gold prices hit a record $2,942.70 an ounce this week as fears of a …
Gold’s lighting run rains on India’s wedding season, China offers discounts Read More »
HANOI (Reuters) – Vietnam is ready to engage with the United States to discuss the new tariffs on steel imposed by Washington and to avoid risks of additional duties, a spokesperson for its foreign ministry said on Thursday. The Southeast Asian industrial hub was hit earlier this week by Washington’s new 25% tariffs on steel, …
Vietnam says it is ready to engage with US on tariffs Read More »
(Reuters) -Japan’s Nissan and Honda said on Thursday they had officially ended talks to merge. Following are key metrics for both automakers. SALES Honda sold 3.8 million vehicles globally last year, while Nissan sold 3.3 million vehicles. EARNINGS Honda earned 1.1 trillion yen ($7.14 billion) in operating profit in the first nine months of the …
Factbox-How Nissan and Honda stack up against each other Read More »
LONDON (Reuters) – Japan Tobacco on Thursday reported a 9.7% increase in annual adjusted operating profit from its tobacco business, thanks to selling more higher-priced packs of tobacco and its acquisition of U.S. tobacco company Vector Group. The company, which makes Benson & Hedges and Winston cigarettes, said it expects tobacco-related revenues and operating profit …
Japan Tobacco’s FY tobacco profit rises almost 10%, set for more growth in 2025 Read More »
HONG KONG (Reuters) -China’s Iron and Steel Association said the 25% tariff increase on all steel and aluminum exports to the United States would have an adverse impact on the supply chain of the global steel industry, including China’s steel industry, state broadcaster China Central Television reported on Thursday. U.S. President Donald Trump substantially raised …
US steel tariffs risk igniting global trade war, says China’s Iron and Steel Association Read More »
By Casey Hall SHANGHAI (Reuters) -Alibaba will partner with Apple to support iPhones’ AI services offering in China, its chairman said on Thursday, a move likely to help the U.S. company ease falling smartphone sales in its key market. For Alibaba, the partnership is a major win in China’s competitive AI market that is home …
Alibaba to partner with Apple on AI features, sending shares to 3-year high Read More »
