Reuters Asia Business

Japan’s NTT appoints banks for $1 billion data center REIT IPO in Singapore, sources say

10 Jan 2025

By Yantoultra Ngui SINGAPORE (Reuters) – Japan’s Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a $1 billion data centre real estate investment trust listing in Singapore, two sources with knowledge of the matter said. The listing, which sources said was likely to take place in the …

Japan’s NTT appoints banks for $1 billion data center REIT IPO in Singapore, sources say Read More »

Analysis-China central bank is moving faster towards its policy limits

10 Jan 2025

By Kevin Yao BEIJING (Reuters) – China’s central bank is expected to deploy its most aggressive monetary tactics in a decade this year as it tries to stimulate the economy and soften the blow of impending U.S. tariff hikes, but in doing so it risks quickly exhausting its firepower. Friday’s announcement by the People’s Bank …

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Malaysian palm oil stocks hit 19-month low in December as output drops

10 Jan 2025

By Ashley Tang and Rajendra Jadhav KUALA LUMPUR/MUMBAI (Reuters) – Malaysia’s palm oil stocks fell for a third consecutive month in December to hit their lowest since May 2023, as output dropped due to floods, data from the industry regulator showed on Friday. The drop in inventories in the world’s second-largest palm oil producer after …

Malaysian palm oil stocks hit 19-month low in December as output drops Read More »

Indonesia’s Pertamina to buy 20% stake in Philippine’s Citicore Renewables for $115 million

10 Jan 2025

(Reuters) – Philippines-based Citicore Renewable Energy on Friday said Indonesian state-owned oil firm Pertamina will buy a 20% stake in the pure-play renewable energy company for 6.70 billion pesos ($114.8 million). PT Pertamina Power Indonesia, a subsidiary of Pertamina, will subscribe for 2.23 billion shares in Citicore for 3 pesos per share under the agreement. …

Indonesia’s Pertamina to buy 20% stake in Philippine’s Citicore Renewables for $115 million Read More »

China’s Zijin Mining in talks to buy controlling stake in Zangge Mining

10 Jan 2025

(Reuters) -China’s Zijin Mining said on Friday it was in talks with Zangge Mining’s top two shareholders to buy a potential controlling stake in the company. Zijin is in talks with Tibet Zangge Venture Capital and Ningbo Meishan Bonded Port Area Xinsha Hongyun Investment Management, which collectively own about 40% stake in the 46.63 billion …

China’s Zijin Mining in talks to buy controlling stake in Zangge Mining Read More »

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

10 Jan 2025

By Kantaro Komiya CHIBA, Japan (Reuters) -South Korea’s Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies. The Japan launch of the Hyundai Inster follows attempts by Tesla and other foreign brands to enter …

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market Read More »

Analysis-South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny

10 Jan 2025

By Hyunjoo Jin and Dan Catchpole SEOUL/SEATTLE (Reuters) – Before it suffered the deadliest crash in South Korea’s history, budget airline Jeju Air was moving fast: racking up record passenger numbers and flying its aircraft more than domestic rivals and many of its global peers, data show. The high “utilisation rate” of Jeju Air’s planes …

Analysis-South Korea jet crash puts fast-growing Jeju Air’s safety under scrutiny Read More »

Japan November household spending falls as price pressures persist

10 Jan 2025

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell at a slower pace than expected in November, government data showed on Friday, but the broader consumption trend remained soft, weighed by higher prices. While strong wage hikes are expected in pay negotiations this spring, analysts say inflation could squeeze the recovery in real wages and …

Japan November household spending falls as price pressures persist Read More »

China’s Country Garden proposes deal to reduce offshore debt by $11.6 billion

10 Jan 2025

By Clare Jim HONG KONG (Reuters) -Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the property developer to seek more time from the high court in Hong Kong to implement a restructuring plan. The indebted developer has reached an understanding with …

China’s Country Garden proposes deal to reduce offshore debt by $11.6 billion Read More »

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