Reuters Asia

Biden administration OKs boost in Chinese airline flights to US

By David Shepardson WASHINGTON (Reuters) -The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches …

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SK Innovation sees ‘solid’ Q2 refining margin on China’s reopening

SEOUL (Reuters) -SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said on Thursday it expects a “solid” refining margin in the second quarter, backed by China’s reopening and the summer driving season. The company did not specify how much it expects its second-quarter refining margin, a key profit metric for refiners, …

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Equities choppy while Treasury yields, dollar retreat in choppy trading after Fed hikes rates

(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK (Reuters) – MSCI’s gauge of stock markets around the world was advancing but trading was choppy on Wednesday while U.S. Treasury yields and the U.S. dollar steepened declines after the U.S. Federal Reserve raised interest …

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Political prisoners among 2,000 pardoned by Myanmar junta

(Reuters) – Myanmar’s military government on Wednesday pardoned more than 2,000 prisoners, state media reported, among them a journalist and what activists and media said were numerous political detainees. State television MRTV said 2,153 prisoners convicted of incitement were pardoned to mark a Buddhist holiday and warned they would be arrested and given additional sentences …

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Go First gone: engine troubles, COVID bring down India’s third-largest airline

By Arpan Chaturvedi and Tanvi Mehta NEW DELHI (Reuters) – Before the COVID-19 pandemic, Go Airlines (India) Ltd said it was one of the few profitable airlines in a country that is known for its staunchly price-conscious customers, a market where two big players have collapsed in the last 11 years. The company’s ultra-low-cost model …

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Exclusive-U.S. climate envoy Kerry says China has invited him for talks

By Alexander Ratz, Sarah Marsh and Valerie Volcovici BERLIN (Reuters) – U.S. climate envoy John Kerry said on Wednesday China has invited him to visit “in the near term” for talks on averting a global climate change crisis even as diplomatic relations between the world’s two biggest greenhouse gas emitters remain tense. The United States …

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India’s Tata Chemicals posts 62% rise in Q4 profit on strong demand

BENGALURU (Reuters) – India’s Tata Chemicals Ltd posted a 62% jump in fourth-quarter profit on Wednesday, helped by demand for products such as soda ash, bicarbonate and salt. The chemical manufacturer’s consolidated net profit rose to 7.09 billion rupees ($86.7 million) in the three months ended March 31, from 4.38 billion rupees a year ago. …

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Canada’s spy agency withheld information about China’s threats to lawmaker -PM Trudeau

By Ismail Shakil OTTAWA (Reuters) -Canada’s spy agency withheld information about Chinese threats against a Canadian lawmaker and his family in 2021, Prime Minister Justin Trudeau said on Wednesday, adding that he had told the agency that in the future such threats must be revealed immediately. The Canadian Security Intelligence Service (CSIS) had determined that …

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