(Reuters) -Sun Life Financial, Canada’s second-largest life insurer, reported an 8.7% rise in second-quarter profit on Monday, boosted by strong growth at home and in Asia. The results follow earnings from bigger rival Manulife Financial , which also beat analysts’ estimates driven by strong growth in Asia, where both compete for market share. Sun Life …
Sun Life quarterly profit rises on strong growth in Canada, Asia Read More »
By Julian Luk LONDON (Reuters) – Jiangxi Copper’s subsidiary has suspended its plant in Shandong province after a fatal copper furnace accident, according to a company statement on Monday. Shandong Humon Smelting, controlled by top copper producer Jiangxi Copper, said three workers were killed and fourteen were injured. There was an unexpected spill from the …
Jiangxi Copper’s subsidiary halts production after fatal accident Read More »
TOKYO (Reuters) – A Myanmar court on Monday sentenced a Japanese executive from the local unit of supermarket chain operator Aeon Co to one year in prison for violating rice price controls, Kyodo news agency reported, citing unnamed diplomatic sources. A spokesperson at the Japanese retail giant confirmed the duration of imprisonment for the official, …
BEIJING (Reuters) – Chinese electric vehicle maker Human Horizons is seeking debt financing of up to 300 million yuan ($41.78 million) to resume production at its EV plant, as the parent firm of premium EV brand Hiphi has filed for a pre-bankruptcy process. The last-ditch effort by another Chinese EV maker follows bankruptcy proceedings facing …
China’s Human Horizons seeks up to $42 million in debt financing to revive EV production Read More »
By Florence Tan SINGAPORE (Reuters) -Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade sources said on Monday, citing monthly allocations for term buyers. September exports from the world’s top exporter to China are estimated to slip by about 3 million barrels from a revised …
Saudi crude exports to China to slip in Sept, sources say Read More »
SINGAPORE (Reuters) – TotalEnergies has supplied its first cargo of 100% biofuel for ships in Singapore as it seeks to expand its sales of lower-carbon marine fuels, the French energy major said on Monday. Marine biofuel is among several alternative bunker fuels that shippers are adopting to cut emissions and to gradually move away from …
TotalEnergies supplies its first 100% cooking oil-based marine fuel in Singapore Read More »
By Sarah Wu and Ethan Wang WUHAN (Reuters) -Liu Yi is among China’s 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours …
China’s drivers fret as robotaxis pick up pace – and passengers Read More »
By Ryan Woo BEIJING (Reuters) -Engineers sent China’s biggest-yet cargo drone on a test run over the weekend while a helicopter taxi took to the skies on a soon-to-open 100-km (62-mile) route to Shanghai, laying new milestones for the country’s expanding low-altitude economy. Packing a payload capacity of 2 metric tons, the twin-engine cargo drone …
China trials cargo drones, air taxis as low-altitude economy gains speed Read More »
BEIJING (Reuters) – State-owned power company China General Nuclear has signed an agreement with Laos expanding a planned renewable energy base in the country’s northern region, the state-run People’s Daily reported on Monday. The latest deal adds a second phase of the project that will include a 580 megawatt (MW) wind and solar plant in …
China General Nuclear advances deal with Laos to build renewable power base Read More »
By Jack Kim and Heekyong Yang SEOUL (Reuters) – South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing consumer concern after an EV blaze in an underground garage extensively damaged an apartment block. The fire on Aug. 1, which appeared to …
South Korea holds emergency meeting as EV fires stir consumer fear Read More »
