(Reuters) – Indonesia is weighing deep cuts to nickel mining quotas and is looking at lowering the amount of ore mined next year to as low as 150 million tons from 227 million this year, Bloomberg News reported on Thursday, as the country seeks to support prices. Indonesia has emerged as one of the world’s …
Indonesia weighs deep cuts to nickel mining to boost prices, Bloomberg reports Read More »
By Ella Cao and Colleen Howe BEIJING (Reuters) -China’s oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world’s biggest oil importer, a slowdown that has rattled global oil markets this year. The 2027 peak will top out at no more …
China’s oil consumption to peak by 2027, says top refiner Sinopec Read More »
By Leika Kihara, Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending the yen and bond yields tumbling on fresh doubts over the near-term chances of a rate hike. As widely expected, the nine-member …
BOJ keeps ultra-low rates, gives few clues on when it might hike Read More »
By Liam Mo and Brenda Goh BEIJING (Reuters) -Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter. The U.S. company started the rollout of OpenAI’s ChatGPT into its devices this month, part of the Apple …
Apple in talks with Tencent, ByteDance to roll out AI features in China, sources say Read More »
By Liang-sa Loh and Yimou Lee TAIPEI (Reuters) -Taiwan’s central bank on Thursday raised this year’s growth forecast for the tech powerhouse island but flagged risks for next year centred on the trade policies of the incoming Trump administration in the United States. Taiwan’s economy has benefited from the crucial role homegrown companies like chipmaker …
Taiwan central bank flags risks to growth from Trump administration policies Read More »
TOKYO (Reuters) – KKR extended on Thursday its tender offer period for Fuji Soft to Jan. 9 as it battles rival U.S. private equity firm Bain Capital for control of the Japanese software maker. Its offer price was unchanged, it said in a statement. KKR now owns about 34% of Fuji Soft after the first …
KKR extends tender offer period for Japan’s Fuji Soft to Jan 9 Read More »
By Anton Bridge TOKYO (Reuters) – The chair of the Japanese banking lobby echoed Bank of Japan Governor Kazuo Ueda’s cautious view on the Japanese economy on Thursday and said the central bank needed to see sustained wage increases before raising interest rates. “The economy at present is in a delicate state, vacillating between positive …
Japan economy in ‘delicate state’, says banking lobby head Read More »
TOKYO (Reuters) – Sony Group said on Thursday it will invest about 50 billion yen ($320 million) to acquire new shares of Kadokawa, raising its stake in the Japanese media powerhouse to around 10% and becoming Kadokawa’s top shareholder. Through the capital alliance, Sony and Kadokawa, which have already worked together on various projects, plan …
Sony to become top shareholder of media powerhouse Kadokawa Read More »
SEOUL (Reuters) -South Korea’s nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) said on Thursday its consortium had won a project worth about 1.9 billion euros ($2 billion) to refurbish a nuclear power plant in Romania. KHNP said in a statement it had signed the contract to refurbish Cernavoda Nuclear Power Plant’s Unit …
South Korea’s KHNP says its consortium wins $2 billion Romania nuclear project Read More »
BEIJING (Reuters) – Chinese banks in several cities have taken the unusual step of raising mortgage rates, Chinese media reported, underscoring concerns over their shrinking profit margins amid a faltering economic recovery. Some commercial banks in cities such as Guangzhou, Qingdao and Nanjing have raised first-home mortgage rates by 5 basis points (bps) to 20 …
Some Chinese banks raise mortgage rates as profits shrink, reports say Read More »
