BEIJING (Reuters) – China’s property investment fell 10.0% year-on-year in 2022, the first decline since records began in 1999, compared with a decline of 9.8% in the first 11 months of the year, official data showed on Tuesday. Property sales by floor area dropped 24.3% in 2022 from the same period a year earlier, the …
China’s 2022 property investment falls for first time since 1999 Read More »
KUALA LUMPUR (Reuters) – GAIL (India) Ltd has issued a buy tender seeking two liquefied natural gas (LNG) cargoes for delivery into India, two industry sources said on Tuesday. India’s largest gas distributor is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country’s Dabhol terminal. …
GAIL India seeks two LNG cargoes for February delivery – sources Read More »
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Ryan Cohen has built a stake in China’s Alibaba Group worth hundreds of millions of dollars and is pushing the e-commerce giant to increase and speed up share buybacks, people familiar with the matter said on Monday. Cohen, who built his fortune by co-founding online pet retailer Chewy Inc …
Investor Ryan Cohen builds Alibaba stake, pushes for more share buybacks Read More »
By Sujith Pai BENGALURU (Reuters) – Malaysia’s central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support to a struggling currency, a Reuters poll found. Bank Negara Malaysia (BNM) became in May last year one of the first Asian central …
Malaysia central bank to hike rates to 3.00% on Thursday: Reuters Poll Read More »
By Sudarshan Varadhan and Sarita Chaganti Singh SINGAPORE/NEW DELHI (Reuters) – India’s power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. A steady rise in industrial …
India to boost coal imports to cope with harsh weather, freight snags Read More »
By Prasto Wardoyo SURABAYA, Indonesia (Reuters) – An Indonesian court began a trial on Monday of a handful of police and match officials charged with negligence over their alleged roles last year in one of the world’s deadliest soccer stadium stampedes. The disaster, in which 135 people died, occurred at a match in October at …
Indonesia policemen on trial for negligence over deadly soccer stampede Read More »
By Lawrence White LONDON (Reuters) – Stocks continued their new year rally on Monday as optimism over the global economy, inflation coming under control and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week. The yen climbed to its highest since May after …
Shares shine, dollar dims as BOJ battles bond bears Read More »
By Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) – Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly …
Exclusive-Indian, European oil firms evaluating bids for Guyana blocks Read More »
By Leela de Kretser DAVOS, Switzerland (Reuters) – Climate change is increasing malaria infections, the executive director of the world’s biggest health fund said in Davos on Monday. Huge surges in malaria infections followed recent floods in Pakistan and cyclones in Mozambique in 2021, said Peter Sands, the executive director of the Global Fund to …
Davos 2023: Climate change leads to more malaria, tuberculosis up in a recession Read More »
By Kavya Guduru (Reuters) – Gold prices edged lower from a more than eight-month high on Monday, but held above the key $1,900 per ounce level on expectations that the U.S. Federal Reserve will be less aggressive on raising interest rates. Spot gold fell 0.3% to $1,914.16 per ounce by 1:47 p.m. ET (1847 GMT), …
Gold rally takes a breather as dollar regains some ground Read More »
