Tag: EASIA
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Chinese commercial rocket company reaches new heights with latest funding round
BEIJING, June 29 (Reuters) – Chinese commercial rocket launch company ExPace has raised 1.59 billion yuan ($237 million), the largest funding round for such a company in recent years. Wuhan-based ExPace, a subsidiary of state-owned spacecraft and missile manufacturer China Aerospace Science and Industry Corp (CASIC), announced on Monday the conclusion of its Series B ... -
S.Korea’s LGES to review investment plan for $1.3 bln Arizona battery factory
An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, June 29 (Reuters) – South Korean battery maker LG Energy Solution Ltd (LGES) (373220.KS) plans to reevaluate ... -
China proposes rules to regulate private pension investment via mutual funds
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension investment via mutual funds, setting ... -
LME appoints consultancy to review chaotic nickel suspension
Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – The London Metal Exchange said on Thursday it had appointed management consultants Oliver Wyman to carry out an independent review of the events ... -
China steps up fixed-asset investment to steady COVID-hit economy
A labouer walks at a construction site in Beijing, China July 20, 2017. Picture taken July 20, 2017. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register BEIJING, June 16 (Reuters) – China’s state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($18.1 billion) in May, a ... -
China investment curbs gain momentum in U.S. lawmaker talks
Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 13 (Reuters) – A bipartisan group of lawmakers said on Monday they have agreed on a proposal that would give the U.S. government ... -
In ‘miracle’ city Shenzhen, fears for China’s economic future
SHENZHEN, China, June 13 (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags to ... -
Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm
A view of the Carro signage at their showroom in Singapore June 15, 2021. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 6 (Reuters) – Singapore-headquartered Carro, a Southeast Asian online used-car marketplace, has acquired a 50% stake in the rental unit of Indonesian automotive group PT Mitra Pinasthika Mustika ... -
Analysis: Safe as houses? Rising rates test foundations of property boom
Credit-fuelled boom faces test Mortgage rates rise as central banks fight inflation Buyers and owners under pressure May 30 (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to ... -
Equinor expects investment decision on S. Korea offshore wind farm in 2024
Equinor’s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register DAEGU, South Korea, May 26 (Reuters) – Norway’s Equinor ASA (EQNR.OL) plans to make a final investment decision on what would be its first offshore wind farm in South Korea in 2024, and is considering a ...