(Reuters) – China’s state oil and gas major Sinopec Corp said on Monday it has signed Heads of Agreement to buy from TotalEnergies two million metric tons of liquefied natural gas a year for 15 yrs starting 2028. The deal, signed in Shanghai at the China International Import Expo, is a step forward from a …
China’s Sinopec signs agreement for 15-yr LNG deal with TotalEnergies Read More »
BEIJING (Reuters) – China’s commerce ministry said on Monday that it has decided to file a lawsuit with the WTO against the EU’s final countervailing measures on China-made electric vehicles. Last week, the ministry confirmed a EU delegation visit for negotiations regarding price commitments in the EV tariff dispute. (Reporting by Beijing newsroom, Editing by …
China to file lawsuit with WTO against EU’s final EV ruling, commerce ministry says Read More »
BEIJING (Reuters) -U.S. automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Deliveries of China-made Model 3 and Model Y vehicles fell 22.7% from the previous month. Chinese rival BYD, with its Dynasty and Ocean series of EVs …
By Kitiphong Thaichareon and Chayut Setboonsarng BANGKOK (Reuters) -The Bank of Thailand (BOT) said the independent committee selecting its board chairman had delayed its decision by a week on Monday, as former central bank governors warned political interference in monetary policy could weaken the economy. The government’s nomination of former finance minister Kittirat na Ranong, …
Thai central bank chairman decision delayed; ex-governors flag independence concerns Read More »
BANGKOK (Reuters) – The independence of central banks is being challenged and they have come under more pressure lately than at any time in the past decade, the Bank of Thailand (BOT) chief said, according to a speech transcript released on Monday. “Central bank independence in many countries, including Thailand, is being challenged despite having …
Central bank independence being challenged in many countries, Thai cbank chief says Read More »
By Ruma Paul and Sethuraman N R DHAKA/BANGALORE (Reuters) – Bangladesh is accelerating payment of more than $800 million it owes Adani Power ahead of a Nov. 7 deadline set by the Indian company, which has cut electricity exports to Bangladesh by more than half, two senior government officials said. Adani Power, which exports power …
Bangladesh fast tracks payment to Adani Power after supply cut Read More »
By Joyce Lee SEOUL (Reuters) – South Korean refiners reported on Monday sharp losses in the third quarter from oil refining, but expect their margins to recover in the fourth quarter with peak winter demand and refinery run cuts in Asia. SK Innovation, parent of South Korea’s largest refiner SK Energy, said the July-September quarter …
South Korean refiners’ losses deepen in Q3, margins set to improve in Q4 Read More »
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – Nvidia CEO Jensen Huang had asked memory chip maker SK Hynix to bring forward by six months the supply of its next-generation high-bandwidth memory chips called HBM4, SK Group Chairman Chey Tae-won said on Monday. South Korea’s SK Hynix said in October that it aimed to …
JAKARTA (Reuters) – Indonesia is conducting a thorough exercise to reform its fuel subsidy scheme, its energy minister said on Monday, as the new president looks to rein-in subsidies that amounted to about 16% of budget spending last year. Bahlil Lahadalia said the policy on the liquefied petroleum gas subsidy will not be changed while …
Indonesia conducting ‘thorough exercise’ to reform fuel subsidy scheme, minister says Read More »
HANOI (Reuters) – Taiwanese giant Foxconn’s subsidiary Shunsin <6451.TW> is seeking a permit to invest $80 million in northern Vietnam to produce integrated circuits, according to a document from Vietnam’s environment ministry. The proposed plant in Bac Giang province will focus on producing and processing electronic components, specifically integrated circuit boards, the document said. Shunsin …
Foxconn subsidiary seeks $80 million Vietnam investment for integrated circuits Read More »
