SINGAPORE (Reuters) – General Electric’s turbine manufacturing unit said on Wednesday it had agreed with Japan’s IHI Corp to develop gas turbines operating on ammonia to reduce carbon dioxide emissions. GE and IHI would work to develop technology that would allow some of GE’s existing gas turbine products to safely burn 100% ammonia by 2030, …
GE, IHI to develop ammonia-based low-carbon gas power turbines Read More »
TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. At a two-day policy meeting, the BOJ kept intact its yield curve control (YCC) targets, …
MANILA (Reuters) -Philippine Nobel laureate Maria Ressa and her news site Rappler were acquitted by a court of tax evasion charges on Wednesday, a judge said, handing Ressa a victory in a case the veteran journalist has described as part of a pattern of harassment. Ressa, who was awarded the Nobel Peace Prize alongside a …
Philippines’ Nobel laureate Ressa cleared of tax evasion, calls verdict win for justice Read More »
By Sophie Yu and Martin Quin Pollard BEIJING (Reuters) -When Li’s 83-year-old father with diabetes started coughing and complaining of body aches last month, the Beijing resident became anxious about finding a treatment for COVID-19 in case his parent had caught the virus sweeping the city. He heard at that time that Pfizer’s anti-viral drug …
In China, no easy way to get Pfizer’s COVID drug Paxlovid Read More »
By Casey Hall, Josh Horwitz and Yew Lun Tian SHANGHAI (Reuters) – The first weekend after COVID-19 restrictions ended last month, dozens of young Chinese jostled in the dark at a heavy-metal concert in a tiny Shanghai music venue that reeked of sweat and hard liquor. It was the kind of freedom young Chinese had …
China’s pessimistic Gen Z poses challenge for Xi post-COVID Read More »
HONG KONG (Reuters) – Shares of Tencent Holdings, the world’s largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China’s video games regulator granted the first gaming licences in 2023, further easing an industry crackdown. Tencent’s shares rose as much as 1.7% in early trade before paring gains, while NetEase’s stock jumped …
Tencent, NetEase shares rise as China gaming crackdown eases Read More »
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida held “very productive” talks last week on semiconductor-related export controls on China, White House Indo-Pacific coordinator Kurt Campbell said on Tuesday. The Biden administration in October published a sweeping set of export controls, including measures tightly restricting …
Biden, Kishida held ‘very productive’ talks on China export controls Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar weakened against the Japanese yen on Tuesday amid expectations of a possible policy shift at the Bank of Japan, while stocks on Wall Street mostly fell following disappointing quarterly results from Goldman Sachs. Japan’s decades of ultra-low interest rates may reach a turning point on Wednesday, …
By Neil Marks GEORGETOWN (Reuters) – Guyana expects to soon receive a proposal from India for long-term purchases of the South American country’s oil, President Irfaan Ali said on Tuesday, a new attempt to reach a government-to-government deal potentially leading to better sale terms for Guyana. Guyana’s government is entitled to a share of crude …
Guyana expects proposal from India for long-term crude purchases Read More »
By Jayshree Pyasi MUMBAI (Reuters) – India’s capital market regulator has proposed discontinuing the current practice of an advance transfer of funds to stockbrokers before secondary market trades are executed. Such a move will prevent misuse of client funds, brokers’ defaults and the consequent risk to investors’ capital, the regulator said in a discussion paper …
India’s market regulator proposes separating brokers from investors’ money Read More »
