SINGAPORE (Reuters) – The Singapore government and Sembcorp Industries are in talks to expand a battery energy storage system on Jurong island, Gan Kim Yong, deputy prime minister, said during an energy industry event on Monday. (Reporting by Sudarshan Varadhan; Editing by Jacqueline Wong)
SHANGHAI (Reuters) – More than 20 Chinese listed companies have announced plans to tap special central bank lending for share purchases, according to exchange filings, days after the People’s Bank of China (PBOC) kicked off the $42 billion funding scheme. The PBOC launched the relending programme on Friday, allowing listed companies or their major shareholders …
China’s listed companies rush to tap central bank funding for share purchases Read More »
SEOUL (Reuters) – South Korea’s exports for the first 20 days of October fell 2.9% from a year earlier, customs agency data showed on Monday. Exports of semiconductors rose 36.1%, but cars fell 3.3% and petroleum products dropped 40.0%; by destination, shipments to China rose 1.2%, while those to the United States and the European …
South Korea Oct 1-20 exports fall 2.9% year-on-year Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The trading week in Asia opens against an increasingly bullish global backdrop fueled by continued strength in U.S. stocks, but with local sentiment more circumspect due to the uncertainty surrounding China’s deep-rooted economic problems. The People’s Bank of China is expected …
Morning Bid: China rate cuts looming, US booming Read More »
(Reuters) – Major energy company Shell and Singapore’s Maritime and Port Authority deployed clean-up measures after a leak from a land-based pipeline, they said on Sunday. The MPA said in a statement it was alerted at around 1 p.m. (0500 GMT) to the oil spill between Bukom and Bukom Kecil islands that had occurred at …
Shell and Singapore Port Authority contain pipeline leak Read More »
By Mei Mei Chu BEIJING (Reuters) – The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation. The stock exchange said its action plan would help SMEs, which are …
Beijing bourse plans to help smaller tech companies to list Read More »
By Casey Hall SHANGHAI (Reuters) – Luxury clothing maker Moncler showcased its latest celebrity collaborations in a series of pavilions built inside an old shipyard in downtown Shanghai on Saturday as it looks to shrug off the sector’s global malaise. More than 8,000 guests were on hand for “The City of Genius” event, which featured …
Moncler holds star-studded Genius event in Shanghai Read More »
BEIJING (Reuters) – Chinese Premier Li Qiang has signed a decree of the State Council to unveil regulations on export control of so-called dual use items, which will take effect on Dec. 1, 2024, state news agency Xinhua said on Saturday. The regulations aim to improve transparency and standardization of export control policies and to …
China boosts export controls on dual use items, state media says Read More »
LIMA (Reuters) -Peru’s massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an executive for port operator Cosco Shipping said on Friday. After the port’s inauguration in mid-November, it will initially cover a direct route to Shanghai …
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route Read More »
By Selena Li (Reuters) – Hong Kong’s bourse and securities regulator on Friday moved to shorten the approval time for company listings, the latest effort to boost the attractiveness of Hong Kong as a global venue for initial public offerings (IPO). Hong Kong Exchanges and Clearing (HKEX) said it would communicate closely with the Securities …
Hong Kong regulators move to speed up company listings Read More »
