By Leika Kihara TOKYO (Reuters) – The International Monetary Fund (IMF) on Tuesday cut this year’s economic growth forecast for Japan, but projected a rebound in 2025 on the view rising real wages will underpin consumption. The IMF’s upbeat projection on consumption is line with the Bank of Japan’s view that continued wage hikes will …
IMF cuts Japan’s growth forecast, projects rebound in 2025 Read More »
(Reuters) – The global transition toward electric vehicles will have “far-reaching” impacts on investment, production, international trade and employment, the International Monetary Fund said on Tuesday as part of its update to global economic growth forecasts. The analysis was included in the IMF’s latest World Economic Outlook, which was released as policymakers meet at the …
Shift to electric vehicles will have far-reaching impact, IMF says Read More »
(Reuters) – Hyundai Motor’s Supernal said on Tuesday it had partnered with a private jet charter firm and a passenger helicopter operator for the development of its air taxi infrastructure. Supernal plans to launch its five-seat, battery-powered electric vehicle take-off and landing (eVTOL) aircraft in 2028 for commercial intra-city passenger journeys. It is one of …
Hyundai’s Supernal partners with two firms for its battery-powered aircraft Read More »
(Reuters) – China’s economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a major challenge for Beijing. Authorities in the world’s second-largest economy have sharply ramped up policy stimulus since late-September to revive the flagging …
Factbox-Brokerages raise China GDP growth estimates for 2024 Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting consumers are still very much dispirited by the country’s economic woes. The Singles Day shopping extravaganza, which began last week, has morphed from an Alibaba …
China’s Singles’ Day sales festival fails to inspire consumers Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) -Cambodia plans to boost its capacity to import clean power from neighbouring Laos, Vietnam and Thailand by more than 600 megawatts, its energy minister told Reuters, a more than 50% uplift to currently agreed deals. Keo Rottanak said the move highlighted the potential for boosting interconnection in southeast Asia, and …
Cambodia to boost power import capacity to improve flexibility Read More »
BANGKOK – Thailand’s economic growth may not reach 3% this year but should come in above that level next year as the government will accelerate investment, the finance minister said on Tuesday. Southeast Asia’s second-largest economy is strong, with the public debt to GDP ratio expected to remain under its mandated ceiling of 70%, Pichai …
Thai Finance Minister says growth may not reach 3% in 2024, but will in 2025 Read More »
(Reuters) – Thailand Commerce Minister Pichai Naripthaphan said Nvidia is set to unveil investment plans for the country, Bloomberg News reported on Tuesday. The chip maker is set to unveil investment plans during CEO Jensen Huang’s trip to Bangkok in December this year, he told Bloomberg in an interview, declining to give details on the …
Nvidia plans to invest in Thailand, Bloomberg News reports Read More »
By Gabrielle Ng and Emily Chow (Reuters) – Cheniere Energy expects China gas demand to grow to more than 600 billion cubic meters (bcm) by 2040 from 400 bcm today, a company executive said at the Asia Gas Markets conference on Tuesday. “There’s no doubt that gas demand growth in China, in absolute terms, is …
Cheniere Energy expects China gas demand to rise more than 50% by 2040 Read More »
By Lewis Jackson SYDNEY (Reuters) – A multi-billion dollar project to pipe solar-generated electricity 4,300 km (2,672 miles) to Singapore from Australia has received conditional approval from the island state’s energy market regulator, project owner SunCable said on Tuesday. Singapore’s Energy Market Authority granted the conditional approval after a process to determine whether SunCable’s Australia-Asia …
Singapore approves import of solar energy from Australia via undersea cable Read More »
