(Reuters) – U.S. President Donald Trump plans to impose tariffs on imported computer chips, pharmaceuticals and steel, he said on Monday, to push companies to manufacture more in the United States. The comments mark the latest in a number of trade-related threats unleashed by Trump in recent days. He has already promised to slap 25% …
Explainer-Trump tariffs on chips and drugs would hit U.S. allies in Asia Read More »
TOKYO (Reuters) – DHL Express, a division of Germany’s Deutsche Post, said on Tuesday it would buy sustainable aviation fuel (SAF) from a unit of Japan’s Cosmo Energy Holdings starting in April. The German logistics company will procure 7,200 kilolitres of SAF annually from Cosmo, which will be produced domestically. DHL will begin using the …
DHL Express to buy sustainable aviation fuel from Japan’s Cosmo starting April Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – The Sri Lankan government has started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said on Tuesday. Sri Lanka has been reviewing the group’s local projects after U.S. …
Sri Lanka says talks on with Adani Group to lower wind power purchase cost Read More »
By Karen Lema MANILA (Reuters) – The Philippines’ sovereign wealth fund would be interested in buying a Chinese state firm’s stake in the Southeast Asian country’s power transmission operator, its president said on Tuesday, as the government seeks to boost its oversight of the national power grid. The wealth fund, Maharlika Investment Corp, announced on …
Philippines’ wealth fund eyes Chinese firm’s shares in grid operator Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan will likely raise interest rates again around June or July, and seek to triple its policy rate to at least 1.5% in the next two years, former BOJ board member Makoto Sakurai said on Tuesday. Broadening wage hikes, prospects of sustained price rises …
BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker Read More »
(Reuters) -Hong Kong’s securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures Commission (SFC) said the bank earned at least HK$22.4 million in excess fees between February 2014 and May 2023, and exposed some clients to “significant” …
Hang Seng Bank fined $8.5 million for investment product sales misconduct Read More »
By Siyi Liu, Chen Aizhu and Nidhi Verma SINGAPORE (Reuters) – Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data. Washington imposed fresh sanctions on …
Russia oil trade to China, India stalls as sanctions drive up shipping costs Read More »
By Clare Jim HONG KONG (Reuters) -A management reshuffle at China Vanke that reinforced government support sent the developer’s shares higher on Tuesday, as investors cheered the removal of near-term default risks and hoped it would bring some stability to the struggling property sector. Analysts cautioned, however, that it remained to be seen to what …
China Vanke’s shares jump on fresh state support, management reshuffle Read More »
By Kantaro Komiya TOKYO (Reuters) – Singapore-based 3D Investment Partners launched a $160 million unsolicited tender offer on Tuesday to boost its stake in Japan’s NTT UD REIT Investment, saying the REIT’s portfolio was undervalued. The activist fund is seeking to lift its stake to about 13% from 2.2%. Its holding would be for pure …
Activist fund 3D seeks to lift stake in Japanese REIT with unsolicited tender offer Read More »
By Trixie Yap and Chen Aizhu SINGAPORE (Reuters) – China’s Sinopec plans to raise crude throughput next month by 100,000 to 150,000 barrels per day (bpd) from January to meet a rise in travel demand during the Lunar New Year holiday and compensate for run cuts at independent refiners, trade sources said. The increase equates …
Sinopec to lift refining output in Feb as independents cut runs, sources say Read More »
