BANGKOK (Reuters) -Thai consumer confidence rose for a third consecutive month in December to reach its highest level in six months as sentiment was bolstered by government stimulus measures and tourism, a survey showed on Tuesday. The consumer index of the University of the Thai Chamber of Commerce increased to 57.9 in December from 56.9 …
Thai consumer confidence hits 6-month high in Dec on stimulus, tourism Read More »
KUALA LUMPUR (Reuters) – The European Union’s pending anti-deforestation law presents both challenges and opportunities for Malaysia’s palm oil industry, Malaysia’s deputy commodities minister told an industry conference on Tuesday. Deputy Minister Chan Foong Hin said it was crucial for the industry to understand the impact of the EU law so that domestic practices could …
Malaysia says EU deforestation law presents challenges, opportunities for palm industry Read More »
(Reuters) -Mining firm MMG Ltd said on Tuesday it expects to resume operations at its Dugald River zinc mine in Queensland later in the day after an approaching grassfire near its perimeter was contained. MMG, backed by state-owned China Minmetals Corporation, said it does not expect any material impact on its full-year production outlook for …
Hong Kong’s MMG to resume work at Queensland mine with fire threat contained Read More »
(Reuters) -Chinese officials are in preliminary talks about a potential option to sell TikTok’s operations in the United States to billionaire Elon Musk, should the short-video app be unable to avoid an impending ban, Bloomberg News reported on Monday. Beijing officials prefer that TikTok remains under the control of parent Bytedance, the report said, citing …
China mulls potential sale of TikTok US to Musk, Bloomberg News reports Read More »
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Day-trader Lu Delong’s optimism for a China stocks rally quickly evaporated in the first week of the year when, just three months after positioning for a surge fuelled by Beijing’s stimulus pledges, he was forced to dump shares and tally his losses. Many retail investors …
Analysis-China’s retail investor sours quickly on stocks Read More »
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will cut its base rate by a quarter-point on Thursday, a month earlier than previously expected, to support a struggling South Korean economy amid risks from political uncertainty, according to a Reuters poll of economists. Acting president Choi Sang-mok is facing a delicate task steering …
WASHINGTON (Reuters) – Hyundai Motor’s U.S. unit, Chrysler-parent Stellantis and Delta Air Lines on Monday each announced they are among companies donating $1 million to President-elect Donald Trump’s inaugural fund. Other major companies donating for the Jan. 20 inauguration include Boeing, General Motors, Ford Motor , Microsoft, Amazon.com, Alphabet and Facebook-parent Meta . Hyundai said …
Hyundai, Stellantis, Delta each donating $1 million to Trump inaugural fund Read More »
By Alessandro Parodi (Reuters) – Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month of record sales in December as China continued to grow and Europe stabilised, data showed on Tuesday. Incentives and emission targets pushed EV sales …
Global electric vehicle sales up 25% in record 2024 Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A sea of red across most equity markets and no end in sight to the rise in the dollar and U.S. bond yields is the backdrop to what is likely to be another nervy session in Asia on Tuesday. As if …
Morning Bid: No let up from dollar, US yield squeeze Read More »
By Patrick Wingrove and Michael Erman SAN FRANCISCO (Reuters) – Philips CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies. Jakobs in a Sunday interview said volatility in the Chinese market could increase this …
