By Danial Azhar KUALA LUMPUR (Reuters) – Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier and economic minister said on Thursday. Malaysia is fast becoming a haven in Southeast Asia, with foreign …
Malaysia aiming to become energy, chip making hub, PM says Read More »
By Siyi Liu and Florence Tan SINGAPORE (Reuters) -Saudi Arabia’s crude oil supply to China is set to decline in February from the month before, trade sources said on Thursday, after the kingdom hiked its prices and as OPEC+ extended production cuts in the first quarter. State oil firm Saudi Aramco will ship about 43.5 …
Saudi crude oil supply to China set to fall in Feb vs Jan, sources say Read More »
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -South Korea’s Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record 24.3 trillion won ($16.65 billion) this year to ensure growth as it navigates political turmoil as well as U.S. economic unpredictability. The group, which includes Hyundai Motor and …
Hyundai Motor Group to invest record $16.7 billion in South Korea this year Read More »
By Neha Arora NEW DELHI (Reuters) – India is expected to sign a preliminary agreement with Mongolia soon in the area of geology and exploration, a senior Indian government official with direct knowledge of the matter said. Landlocked Mongolia is rich in deposits of copper and coking coal, and India is mostly dependent on imports …
India to sign mining pact with Mongolia soon, govt source says Read More »
By Himanshi Akhand (Reuters) – Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs undermined the appeal of risky Asian assets, a Reuters poll showed on Thursday. Short bets on the Chinese …
Asian FX bears firm as US rates, Trump tariff threats stay in focus: Reuters poll Read More »
HONG KONG (Reuters) – Shanghai has kicked off a plan to allow the establishment in China of wholly foreign-owned hospitals in key economic zones, biopharmaceutical areas and downtown districts that are home to many expatriate residents. The commercial capital is the first city to announce steps after the central government said in September it would …
Shanghai kicks off plan to allow foreign-owned hospitals Read More »
By Scott Murdoch SYDNEY (Reuters) -Airport Authority Hong Kong raised $7 billion this week by issuing bonds in three currencies – the largest ever public offering of bonds by a Hong Kong company. Most of that was done in a three-tranche dollar bond deal which garnered $4.15 billion, according to a term sheet seen by …
Hong Kong airport makes history raising $7 billion in bonds issue Read More »
MANILA (Reuters) – The Philippine central bank has room to ease monetary policy, its governor said on Thursday, following this week’s data showing annual inflation stayed within its 2% to 4% target range in 2024. “There’s still some room to ease,” Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said at a Rotary Club event. …
Philippine cbank has room to further ease policy, governor says Read More »
SINGAPORE (Reuters) – Gene Solutions said on Thursday that Singapore-headquartered August Global Partners will invest in the biotech company through a proprietary funding round. The Ho Chi Minh City-headquartered company did not disclose financial details in its statement. Gene Solutions said August Global Partners will assist it in enhancing the performance of its oncology services. …
Singapore’s August Global Partners invests in Gene Solutions Read More »
(Reuters) – Foreign investors net sold Japanese stocks in the week ended Jan. 4, taking advantage of 2024 gains while aiming to reduce risks amid an unusually long market closure. Foreigners sold a net 74 billion yen ($468.30 million) worth of Japanese stocks during the week, following net accumulations of approximately 562.7 billion yen in …
Foreigners turn net sellers of Japanese stocks, lock in 2024 gains Read More »
