By Heekyong Yang, Hyunjoo Jin and Toby Sterling SEOUL (Reuters) – Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said. Samsung has been also holding off on placing orders …
By Scott Murdoch and Julie Zhu SYDNEY (Reuters) – Drinks maker China Resources Beverage is set to raise $650 million from Hong Kong’s second largest initial public offering (IPO) this year, pricing it at the top of the range, two sources with direct knowledge of the matter said. The shares will be sold at the …
JAKARTA (Reuters) – Indonesian police and military started deploying at least 100,000 personnel across the capital Jakarta on Friday, officials said, as the country prepares for the inauguration of President-elect Prabowo Subianto this weekend. Former General Prabowo will be sworn in as Indonesia’s president on Sunday with Vice President-elect, Gibran Rakabuming Raka, the son of …
Indonesia ramps up security ahead of Prabowo’s inauguration Read More »
BEIJING (Reuters) – China advanced plans to build a national recycling group with the founding meeting for the China Resources Recycling Group held in northern China’s Tianjin, state-owned Xinhua news agency said on Friday. The meeting comes after China’s state planner said in September it supports the establishment of a national resources recycling group as …
China national recycling group holds first meeting in Tianjin, Xinhua reports Read More »
By Joyce Lee and Jack Kim SEOUL (Reuters) -North Korean leader Kim Jong Un said South Korea is a foreign and hostile nation, state media KCNA reported on Friday, with photos showing Kim conferring with high-ranking soldiers and poring over a map labelled “Seoul” at a command post. Kim discussed the use of “offensive forces” …
North Korea’s Kim Jong Un calls South Korea a foreign, hostile country Read More »
NEW DELHI (Reuters) – The new chairman of Tata’s philanthropic arm, Tata Trusts, is likely to be appointed to the board of the group company that operates the $165 billion salt-to-software conglomerate, a source with direct knowledge of the matter said on Friday. Noel Tata, the half-brother of Ratan Tata who died last week, has …
Noel Tata likely to join board of India’s Tata Sons, source says Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Lower-rated Indian companies and first-time borrowers will benefit the most from the market regulator’s recent move that will provide liquidity into the corporate bonds market, three merchant bankers said. Companies issuing listed bonds can give investors a buyback option for a certain amount a year after …
India’s new corporate bond buyback option to help low-rated, new firms, bankers say Read More »
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing. Bankers and lawyers think China’s recent policy stimulus …
MUMBAI (Reuters) – The visit of India’s foreign minister to Pakistan earlier this week was a “good beginning” that could lead to a thaw in relations between the two rivals, former Pakistan Prime Minister Nawaz Sharif was quoted as saying by Indian media on Friday. Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan on Tuesday …
India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s refinery output fell 5.4% last month versus a year earlier, official data showed on Friday, declining for a sixth consecutive month even with the start-up of a new plant as weak fuel consumption and skinny refining margins curbed processing. Refiners processed 58.73 million metric tons of crude oil …
China’s September refinery output falls for the sixth straight month Read More »
