Reuters Asia Business Archives - Page 944 of 2133

Exclusive-GIC, Macquarie explore $2 billion stake sale in Philippines’ EDC, sources say

23 Oct 2024 23 Oct 2024

By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s GIC and Australia’s Macquarie are looking at selling their stake of roughly 30% in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch $2 billion, two sources with knowledge of the matter said. They are in preliminary talks with advisors and no decision has …

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Thailand working on transmission charges for multilateral power deal, Singapore says

23 Oct 2024 23 Oct 2024

SINGAPORE (Reuters) – Singapore is waiting to finalise details on transmission charges for the multilateral power trade agreement with Laos, Thailand and Malaysia, the chief executive of Singapore’s power industry regulator told Reuters on Wednesday. “The whole LTMS setup is still there. Right now there are certain details being worked out,” Puah Kok Keong, Chief …

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Apple CEO Tim Cook meets China’s IT minister during Beijing visit, ministry says

23 Oct 2024 23 Oct 2024

By Casey Hall, Joe Cash BEIJING (Reuters) -Apple CEO Tim Cook met on Wednesday with China’s Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the ministry said in a statement. During the meeting, Jin told Cook that he hoped Apple would continue to deepen its presence in China, …

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China Resources Power Holding to raise $500 million via share placement

23 Oct 2024 23 Oct 2024

(Reuters) – Hong Kong-listed China Resources Power Holding said on Wednesday it was planning to raise HK$3.89 billion ($500.50 million) via share placement to repay its debt and for corporate management purposes. The power plant operator will place 198.5 million shares, representing more than 4% of its total share capital, at a price of HK$19.70 …

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China’s exporters run for cover as US election nears

23 Oct 2024 23 Oct 2024

By David Kirton, Casey Hall and Ellen Zhang GUANGZHOU, China (Reuters) – If Donald Trump wins next month’s U.S. presidential election, Mike Sagan’s toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China to Vietnam, India and …

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South Korea to reduce tax breaks on oil products from November

23 Oct 2024 23 Oct 2024

SEOUL (Reuters) – South Korea has decided to extend subsidy measures for oil products by two more months until the end of December, but with lower rates of tax cuts, the finance ministry said on Wednesday. From November, the rate of tax cuts for gasoline will be adjusted to 15% from 20% and those for …

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China’s stimulus measures not enough, Yellen and IMF chief economist say

23 Oct 2024 23 Oct 2024

By David Lawder WASHINGTON (Reuters) – China’s latest stimulus measures will not meaningfully boost domestic demand, leaving a major source of trade friction intact, U.S. Treasury Secretary Janet Yellen and International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Yellen and Gourinchas said separately they had not seen any announcement so far from China’s …

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LNG buyers call for more flexible supply to adapt to variable power demand

23 Oct 2024 23 Oct 2024

By Gabrielle Ng and Emily Chow SINGAPORE (Reuters) -Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility in order to adapt to variable power demand, industry executives said on Tuesday. LNG suppliers such as Qatar prefer long-term contracts with buyers that can last decades to secure financing for what …

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Morning Bid: U.S. yield spike spooks investors

22 Oct 2024 22 Oct 2024

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If the prospect of a soft landing for the U.S. economy had boosted investor sentiment and global risk appetite recently, it is giving way to a deepening sense of caution as investors grapple with spiking U.S. bond yields and a stronger …

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Evergrande says Shenzhen Stock Exchange imposes sanctions against unit, founder

22 Oct 2024 22 Oct 2024

(Reuters) -Liquidators of China Evergrande on Tuesday said the Shenzhen Stock Exchange has published disciplinary actions against the property developer’s flagship unit Hengda Real Estate and founder Hui Ka Yan, among other senior executives. The liquidators referred to a Shenzhen Stock Exchange document dated Sept. 30, which publicly reprimanded Hengda and Hui after the securities …

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Reuters Asia Business﻿﻿

Reuters Asia Business