Explorer KUFPEC eyes more oil and gas opportunity in Indonesia’s Natuna Sea

By Fransiska Nangoy JAKARTA (Reuters) – Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia’s Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country’s production. Prabowo, who took office in October, aims to ease dependence on imported fuel and …

Explorer KUFPEC eyes more oil and gas opportunity in Indonesia’s Natuna Sea Read More »

Exclusive-China regulators tell banks to expedite offshore company listings, sources say

By Selena Li, Scott Murdoch, Julie Zhu and Kane Wu SYDNEY/HONG KONG (Reuters) – Regulators in mainland China and Hong Kong have told some of the world’s biggest investment banks to help speed up Chinese companies’ listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world’s No. 2 …

Exclusive-China regulators tell banks to expedite offshore company listings, sources say Read More »

China’s Nov car sales rise fastest since January, subsidised trade-ins gain steam

BEIJING (Reuters) – China’s car sales grew 16.6% in November from a year earlier, its fastest pace since January, as government-subsidised auto trade-ins gather steam near the end of the year. Sales totalled 2.45 million units last month, data from the China Passenger Car Association (CPCA) showed on Monday. For the first 11 months of …

China’s Nov car sales rise fastest since January, subsidised trade-ins gain steam Read More »

Undiagnosed disease in Congo puts children, malnourished at risk, WHO says

BERLIN (Reuters) – A mystery disease in the Democratic Republic of Congo is spreading mainly among children and putting severely malnourished people at risk, according to the World Health Organization, which sent experts to the region to investigate the outbreak. In an update published on Sunday evening, the WHO said 406 cases of the undiagnosed …

Undiagnosed disease in Congo puts children, malnourished at risk, WHO says Read More »

China’s Xi urges ‘full preparation’ to achieve 2025 economic targets

BEIJING (Reuters) – China’s current development faces many uncertainties and challenges, President Xi Jinping said at a symposium on Dec. 6, urging full preparation to achieve 2025 economic targets, state media Xinhua reported on Monday. “We must maintain strategic focus” and actively build an external environment that is favorable to us, Xinhua reported, citing Xi …

China’s Xi urges ‘full preparation’ to achieve 2025 economic targets Read More »

Insurer ASR says it could invest in Dutch defence companies

AMSTERDAM (Reuters) – Dutch insurer ASR said on Monday it would consider investing in Dutch defence companies, following a call from the government to provide capital for a stronger European defence industry. The second-largest insurer in the Netherlands normally excludes investments in defence companies under its policies for responsible investments. It said it would now …

Insurer ASR says it could invest in Dutch defence companies Read More »

UK could consider removing proscription of Syria’s HTS, says minister

LONDON (Reuters) – Britain could rethink its proscription of Hayat Tahrir al-Sham (HTS) as a banned organisation, after the group spearheaded the Syrian rebel alliance that helped oust President Bashar al-Assad, British senior minister Pat McFadden said on Monday. “We will consider that. And I think it will partly depend on what happens in terms …

UK could consider removing proscription of Syria’s HTS, says minister Read More »

China calls for ‘political solution’ to restore stability in Syria

BEIJING (Reuters) – China’s foreign ministry on Monday called for a “political solution” to be found in Syria as soon as possible to restore stability and order, after rebels seized the Syrian capital over the weekend and its president fled to Russia. China is closely following developments in Syria, and hopes all relevant parties will …

China calls for ‘political solution’ to restore stability in Syria Read More »

Chinese billionaire Jack Ma sees AI future for Ant Group, in rare appearance

BEIJING (Reuters) – Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group’s future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020. Speaking on Sunday at the 20th anniversary celebration for Ant Group, which he also co-founded, Ma welcomed …

Chinese billionaire Jack Ma sees AI future for Ant Group, in rare appearance Read More »