By Marianna Parraga, Elida Moreno and Curtis Williams PANAMA CITY/HOUSTON (Reuters) – The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia as demand in that market rises and a new reservation system allows shippers to lock in slots, following a 65% decline in the transit of its second-most important …
Exclusive-Panama Canal seeks LNG comeback after 65% decline in traffic Read More »
(Corrects to add context of election being cause of delay in paragraph 5) By Karin Strohecker and Rodrigo Campos WASHINGTON (Reuters) -Sri Lanka met this week with its bondholders in Washington to discuss a debt exchange as the South Asian country aims to emerge from default as soon as possible, central bank Governor Nandalal Weerasinghe …
BEIJING/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 21.9% rise in third-quarter profit on Tuesday, driven by growing investment gains. Net profit for the three months to Sept. 30 rose to 6.23 billion yuan ($872.8 million), the company said in a stock exchange filing. Revenue from investment gains grew 47.9% year-on-year to …
By Clare Jim and Sneha Kumar (Reuters) -Chinese property developer Sino-Ocean Group said on Tuesday it planned to issue a total of $4.02 billion of mandatory convertible bonds and perpetual securities as part of its offshore debt restructuring proposal. The issuance of the perpetual securities and two-year mandatory convertible bonds, along with new debt worth …
China’s Sino-Ocean proposes $4 billion convertible bonds in offshore debt revamp Read More »
TOKYO (Reuters) – The Japanese government stuck to its assessment that the economy is recovering moderately, although it reiterated the need to pay close attention to potential global economic risks and financial market volatility. “The economy is expected to continue recovering at a moderate pace with the improving employment and income situation,” the Cabinet Office …
Japan continues to see moderate economic recovery, cuts factory output view Read More »
JAKARTA (Reuters) – Indonesia aims to raise liquefied petroleum gas (LPG) output by about 1 million metric tons a year to reduce imports of the cooking fuel, the head of the country’s upstream oil and gas regulator said on Tuesday. New President Prabowo Subianto has pledged to reach energy self-sufficiency through oil and gas production …
Indonesia targets additional liquefied petroleum gas output, regulator says Read More »
By Anton Bridge TOKYO (Reuters) – Japan’s second-largest brokerage and investment bank Daiwa Securities Group reported its highest quarterly profit since 2005 in its second-quarter earnings on Tuesday, thanks to a one-off gain linked to its stake in Aozora Bank. Net profit in the July-September period soared 80.5% to 53.8 billion yen ($352 million), helped …
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake Read More »
BEIJING (Reuters) – China’s factory activity likely contracted in October for a sixth month, a Reuters poll showed on Tuesday, but by the tiniest of margins, backing officials’ optimism that recent fresh stimulus will get the world’s No.2 economy back on track. A Reuters poll of 30 economists estimated the official purchasing managers’ index (PMI) …
China’s factory activity likely contracted in Oct for a sixth month: Reuters poll Read More »
(Reuters) – Serendipity Capital has appointed Colin Bell, the outgoing head of HSBC Europe, to its board as a non-executive director, the investment firm said on Tuesday. Bell, once seen as a potential candidate for the role of HSBC’s CEO, will join Serendipity on Nov. 1. Bell is credited with a sweeping revamp of HSBC’s …
Serendipity Capital appoints outgoing HSBC Europe head Colin Bell to board Read More »
By Sebin Choi and Hyun Young Yi SEOUL (Reuters) – Kwon Young-doo, owner of a private art gallery in Seoul’s historic Bukchon Hanok Village, is concerned about an impending curfew policy aimed at mitigating overtourism in the area. The curfew, set for a trial in November and to be officially launched in March next year, …
Will a curfew ease overtourism in Seoul’s historic Hanok Village? Read More »
