Reuters Asia

Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 billion

TOKYO (Reuters) -Japan’s top utility JERA has agreed to buy Parkwind, Belgium’s largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co Inc, will add Parkwind’s four offshore wind farms …

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Bank of Korea says non-bank financial firms face stress from property market

SEOUL (Reuters) -South Korea’s financial firms are facing little contagion risk from troubles at U.S. and Swiss banks, but some non-bank firms may have to contend with increased stress from the sluggish property market, the country’s central bank said in a report. South Korean banks have been strictly supervised and their exposure to bonds and …

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Australia’s Core Lithium expands sales deal with China’s Sichuan Yahua

(Reuters) – Australia’s Core Lithium Ltd said on Thursday it agreed to sell additional spodumene concentrate to Chinese chemicals firm Sichuan Yahua Industrial Group Co Ltd, a supplier to the electric vehicle (EV) battery industry. Demand for spodumene, or lithium ore, from the EV battery industry is expected to boom this decade as the green …

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China Evergrande’s EV unit warns it may halt production amid funds shortage

HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group Ltd said on Thursday it may have to halt production of electric vehicles (EVs) if it could not obtain fresh funding, after delivering more than 900 units of its flagship Hengchi 5 model. The EV manufacturing unit of the embattled developer China Evergrande Group said it …

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North Korea doesn’t appear poised for imminent nuclear test, U.S. official says

By Phil Stewart WASHINGTON (Reuters) – North Korean leader Kim Jong Un does not appear poised to carry out a nuclear test during U.S.-South Korea military exercises, but the United States is staying vigilant, the director of the Defense Intelligence Agency said on Wednesday. U.S. officials have warned for nearly a year that North Korea …

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