TOKYO (Reuters) -Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday, helped by cost cuts, and stuck to its full-year outlook on prospects of growing sales of cooling systems for AI data centres. Operating profit for the three months to end-September totalled 60.7 billion yen ($398.79 million), compared to …
Japan’s Nidec posts 10% rise in second-quarter operating profit Read More »
(Reuters) – Malaysia’s Capital A said on Wednesday it has terminated a $1.15 billion deal to list its brand management unit on the Nasdaq via a SPAC merger and also proposed plans for a capital reduction of its shares. Investment firm Capital A, which recently got shareholder approval to sell its aviation unit, budget carrier …
Malaysia’s Capital A terminates plans for unit’s Nasdaq listing Read More »
By Selena Li HONG KONG (Reuters) -Hong Kong’s bourse operator reported a 7% rise in third-quarter profit on Wednesday, ahead of forecasts, as China’s stimulus package and interest rate cuts by global central banks led to higher trading volumes. The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) rose to HK$3.15 …
Hong Kong bourse’s profit beats estimates on China stimulus, rate cuts Read More »
NEW DELHI (Reuters) – India will retain curbs on investment from nations with which it shares a land border, the finance minister said days after the South Asian country struck a pact with China on patrolling their disputed Himalayan frontier. The deal paves the way to end a four-year military stand-off and improve political and …
India to retain investment curbs on border nations Read More »
(Reuters) – Swiss chemicals firm Ems Chemie said on Wednesday its nine-month sales fell due to weak demand in its main markets Europe and China, and a strong Swiss franc, which appreciated as a safe haven currency. The company maintained its full-year guidance although it expects the weak market environment to persist in the fourth …
Swiss Ems Chemie 9M sales down on weak demand in Europe and China Read More »
By Colleen Howe and Nidhi Verma BEIJING/NEW DELHI (Reuters) – Trucking fleets in China are embracing cleaner-burning liquefied natural gas (LNG) for fuel, a trend neighbouring India wants to emulate, accelerating a decline in diesel demand and rattling suppliers to the world’s biggest oil importer. The rise of LNG trucks in China comes on top …
LNG-fuelled trucking accelerates in Asia, denting diesel demand Read More »
HANOI (Reuters) – Germany’s PNE AG <PNEGn.DE> is seeking approval from the Vietnamese government to develop a $4.6 bln offshore wind farm in the Southeast Asian country, local authorities said on Wednesday. If licensed, the company would develop the wind farm with a capacity of 2,000 megawatts in Binh Dinh province in central Vietnam, the …
Germany’s PNE seeks Vietnam approval for $4.6 billion offshore wind project Read More »
SINGAPORE (Reuters) -Singapore is prepared to grant 30-year import licences to companies investing billions of dollars in low-carbon electricity projects, the head of its energy regulator said on Wednesday, in a move aimed at helping the firms recoup their initial investments. The city-state aims to import 6 gigawatts (GW) of low-carbon electricity by 2035 and …
Singapore prepared to grant 30-year licences for low-carbon power imports Read More »
By Sudarshan Varadhan and Florence Tan SINGAPORE (Reuters) -Thailand is yet to finalise terms of an extension to a multilateral deal with Singapore to import hydropower from Laos through Malaysia and Thailand, Thai and Singapore government officials told Reuters. Grid interconnection is widely seen as a key solution to cut southeast Asia’s growing reliance on …
Thailand yet to finalise terms of multilateral clean power deal with Singapore Read More »
SHANGHAI (Reuters) – A Chinese policy think tank has called for Beijing to issue 2 trillion yuan ($280 billion) of special treasury bonds to set up a stock market stabilisation fund, the 21st Century Business Herald reported on Wednesday. Such a fund could steady the market through buying and selling blue-chips and exchange-traded funds (ETFs), …
China think tank proposes $280 billion stock market stabilisation fund Read More »
