By Mohi Narayan NEW DELHI (Reuters) – GAIL (India) Ltd, the country’s top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its liquefied natural gas (LNG) import plant in Western India, two sources with direct knowledge of the matter said, as it seeks to meet an expected surge in demand. …
GAIL plans $4.9 billion ethane cracker in West India- sources Read More »
KARACHI, Pakistan (Reuters) -The Pakistani rupee fell 1.3% to a record low of 288.5 against the U.S. dollar on Wednesday, a day after former prime minister Imran Khan was arrested by the anti-corruption agency in Islamabad. Pakistan’s international bonds nudged lower with the 2024 issue down 0.4 cents on the dollar, according to Tradeweb data. …
Pakistan rupee, bonds fall to new low after Imran Khan arrest Read More »
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The company replaced its line-up of the model with five new versions. That includes a rear-wheel …
China’s BYD cuts starting price for Seal EV; aims to extend lead Read More »
BERLIN (Reuters) – Volkswagen investors will demand answers from the carmakers’ executives at its annual general meeting on Wednesday on its competitiveness in China and its contested plant in Xinjiang, advance copies of their speeches showed. Chief Executive Oliver Blume will acknowledge the fast pace of China’s electrification, and outline Volkswagen’s strategy to hold on …
Chinese competition, Xinjiang plant loom large for Volkswagen investors at AGM Read More »
TOKYO (Reuters) -Mitsubishi Heavy Industries on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. The government plan to double defence spending to around 2% of gross domestic product within five years includes subsidies to support Japan’s fractured defense …
Mitsubishi Heavy expects record defence orders as Japan pours money into military Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Tuesday backed ValueAct Capital’s boardroom challenge at Japanese convenience store operator Seven & i Holdings by recommending shareholders elect all four of the U.S. investment firm’s director candidates. ValueAct, which owns 4.4% of Seven & i, has long criticized the company’s …
ISS backs all four ValueAct director candidates in Seven & I boardroom fight Read More »
WASHINGTON (Reuters) -The United States is encouraging the World Health Organization to invite Taiwan as an observer at its annual meeting in Geneva from May 21 to 30, Secretary of State Antony Blinken said on Tuesday, in remarks that provoked criticism from China. China, which considers Taiwan to be one of its provinces, began blocking …
US urges WHO to invite Taiwan to observe May meeting Read More »
(Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, paving the way for the budget carrier to renegotiate debts and contracts after it had to ground half its fleet, blaming Pratt & Whitney engines for being “faulty”. Following are some details on the carrier: Go First was incorporated in April 2004 as …
Factbox-India’s Go First seeks revival after court grants bankruptcy protection Read More »
(Reuters) – Myanmar’s shadow government welcomes efforts by ASEAN chair Indonesia to kickstart peace talks in the strife-torn Southeast Asian nation but is deeply distrustful of the junta that took power in a 2021 coup, a spokesperson said on Wednesday. Leaders of the Association of Southeast Asian Nations (ASEAN) holding a summit in Indonesia have …
Myanmar shadow govt welcomes ASEAN peace talks but distrusts junta Read More »
COLOMBO (Reuters) – An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September. The delegation will visit Sri Lanka during May 11-23 as part of regular consultations ahead of …
IMF delegation to arrive in Sri Lanka on Thursday Read More »
