By Hyunjoo Jin SEOUL (Reuters) – A South Korean court on Monday rejected a request by Young Poong to temporarily block Korea Zinc from proceeding with its tender offer to buy back shares in the company, pushing shares in the world’s biggest zinc refiner to a record high. After the court denied the injunction, Korea …
Korea Zinc shares surge to record high after court clears hurdle for buyback offer Read More »
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s new government aims to revive oil and gas production, with plans to cut regulations, reactivate idle wells and enhance output at producing assets in hopes of reversing a decades-long decline in output, officials have said. President Prabowo Subianto, who took the oath of office on Sunday, also plans …
Prabowo aims to boost Indonesia’s energy security through oil and gas reforms, biofuels Read More »
By Sudarshan Varadhan SINGAPORE (Reuters) – Political risks due to potential loss of public support over rising power tariffs are a major impediment to transitioning to cleaner electricity sources, ministers from New Zealand and Cambodia told an energy industry event on Monday. “It’s incredibly important to take the public with you, given that end of …
New Zealand, Cambodia cite political risks due to high energy transition costs Read More »
By David Lawder WASHINGTON (Reuters) – Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and worries that a coin-toss U.S. presidential election could ignite new trade battles and erode multilateral cooperation. The International Monetary Fund and World Bank annual …
IMF, World Bank meetings clouded by wars, slow economic growth, US election Read More »
By Gabrielle Ng SINGAPORE (Reuters) – Singapore’s Energy Market Authority (EMA) will co-fund selected carbon capture and storage (CCS) feasibility storage studies proposed by power generation companies and energy firms to help achieve the city-state’s net zero emissions target by 2050. The EMA said in a statement on Monday it aims to study two CCS …
Singapore to co-fund CCS studies at some power plants to aid net-zero emissions target Read More »
HANOI (Reuters) – Vietnam’s gross domestic product is expected to grow by 6.8%-7.0% this year, Prime Minister Pham Minh Chinh told parliament on Monday, before adding that the government was aiming to lift growth above the top end of that range. The country’s public debt is under control and well below a mandated ceiling set …
Vietnam PM says aiming to lift 2024 growth above 7% Read More »
By Florence Tan, Chen Aizhu and Jeslyn Lerh SINGAPORE (Reuters) -Saudi Aramco is “fairly bullish” on China’s oil demand especially in light of the government’s stimulus package which aims to boost growth, the head of the state-owned oil giant said on Monday. “We see more demand for jet fuel and naphtha especially for liquid-to-chemical projects,” …
Saudi Aramco CEO ‘fairly bullish’ on China oil demand Read More »
BANGKOK (Reuters) – Thailand’s investment applications rose 42% in the January-September period from the same period a year earlier, led by electronic manufacturing and data centre projects, the Board of Investment said on Monday. The value of investment applications rose to 723 billion baht ($21.8 billion) during the period, the highest in 10 years, it …
Thailand says investment pledges at 10-year high in Jan-Sept Read More »
By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) -Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions. As local consumption remains suppressed by a weakened property sector, this year …
Elevated China steel exports set to persist, threaten to worsen trade friction Read More »
By Aditya Kalra NEW DELHI (Reuters) -India’s biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies – Zomato’s Blinkit, Swiggy and Zepto – for alleged predatory pricing, a letter showed on Sunday. Quick commerce is a new shopping rage in India, with companies promising deliveries of anything from …
