Reuters Asia Business Archives - Page 821 of 2133

Singapore’s Aelios raises offer to buy rest of Suntec REIT at $2.5 billion valuation

8 Jan 2025 8 Jan 2025

(Reuters) – Singapore’s Suntec Real Estate Investment Trust said on Wednesday that investment holding firm Aelios has increased the offer price to buy the REIT’s shares it does not already own, valuing Suntec at S$3.48 billion ($2.54 billion). Aelios, owned by billionaire couple Gordon and Celine Tang, raised the offer to S$1.19 per share, up …

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Consortium offering to take over Malaysia Airports secures 84.1% stake

8 Jan 2025 8 Jan 2025

SINGAPORE (Reuters) – A consortium comprising Malaysia’s sovereign wealth fund Khazanah and BlackRock’s Global Infrastructure Partners that offered to take over Malaysia Airports Holdings said late on Wednesday it had secured an 84.1% stake of the company. The consortium, which includes Malaysia’s Employees Provident Fund and the Abu Dhabi Investment Authority, said it had reached …

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Exclusive-BYD brought hundreds of Chinese workers to Brazil on irregular visas, inspector says

8 Jan 2025 8 Jan 2025

By Fabio Teixeira and Luciana Magalhaes -Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters on Tuesday, adding the company has pledged to comply with local labor laws for the workers remaining in the country. A total of 163 of those workers, …

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China’s BYD launches Xia MPV with $34,000 starting price

8 Jan 2025 8 Jan 2025

BEIJING (Reuters) – China’s automaker BYD on Wednesday launched its new multi-purpose vehicle named Xia with a starting price of 249,800 yuan ($34,071.69). ($1 = 7.3316 Chinese yuan renminbi) (Reporting by Beijing Newsroom; editing by Jason Neely)

How Washington’s tag on China’s CATL could affect Tesla

8 Jan 2025 8 Jan 2025

By Michael Martina, Chris Kirkham (Reuters) -Washington’s addition of CATL to a list of firms it says work with China’s military could put Tesla founder Elon Musk in a tight spot, challenging how he balances his role in the Trump administration with his ties to China. CATL, the world’s largest battery maker, is a major …

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Indonesia to make resources exporters keep earnings at home for a year

8 Jan 2025 8 Jan 2025

JAKARTA (Reuters) -Indonesia plans to require exporters of natural resources retain their export proceeds in the country for at least one year, up from the current three months, its chief economic minister said on Wednesday. Airlangga Hartarto, coordinating minister of economic affairs, said the change was intended to bolster the country’s foreign exchange reserves. Under …

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China’s anti-graft watchdog to rigorously probe political, economic cases

8 Jan 2025 8 Jan 2025

BEIJING (Reuters) – China’s top anti-graft watchdog said it will be rigorous in investigating corruption cases where political and economic issues intertwine, state media said citing the watchdog’s statement. The Central Commission for Discipline Inspection said it will focus its efforts in the areas of finance, state-owned enterprises, energy, firefighting, tobacco, medicine, higher education, sports, …

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Samsung’s preliminary Q4 profit falls far short of estimates as chip issues drag

8 Jan 2025 8 Jan 2025

By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -Samsung Electronics’ preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia. Its earnings were dented by rising research and development costs and the ramp-up of manufacturing …

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China may trim fuel oil imports amid 2025 tax hike, sources say

8 Jan 2025 8 Jan 2025

By Jeslyn Lerh and Chen Aizhu SINGAPORE (Reuters) – China’s fuel oil imports are expected to drop in early 2025 following a hike in the product’s import tax from Jan. 1, prompting some sellers to lower prices to boost demand, several trade sources familiar with the matter said. The rise in import duties, which comes …

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Japan’s consumer mood worsens, casting doubt on rate hike timing

8 Jan 2025 8 Jan 2025

By Leika Kihara TOKYO (Reuters) – Japan’s consumer sentiment deteriorated in December, a government survey showed on Wednesday, casting doubt on the central bank’s view that solid household spending will underpin the economy and justify a rise in interest rates. The results precede the Bank of Japan’s policy meeting on Jan. 23-24, when some analysts …

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Reuters Asia Business﻿﻿

Reuters Asia Business