Reuters Asia - Squid Business

Red Sea crisis pressures China’s exporters as shipping delays, costs mount

By Samuel Shen, Casey Hall and Ellen Zhang SHANGHAI/BEIJING (Reuters) -For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container …

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Factbox-Australia’s nickel producers reel from supply glut

MELBOURNE (Reuters) -A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to mine closures, production cuts and writedowns in recent months. Australia is the world’s fifth biggest producer of mined and refined nickel, with output led by BHP Group. Following are …

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Exclusive-Panasonic puts productivity boost ahead of new EV plant in US

By Daniel Leussink and Miho Uranaka TOKYO (Reuters) – Panasonic’s battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signalling the Tesla supplier may hold off building a third battery plant in North America as demand for electric vehicles cools. The battery unit, Panasonic Energy, had previously said it aimed to …

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Ayodhya: Religious spectacle to mark Modi’s opening of Ram temple

By Saurabh Sharma and YP Rajesh AYODHYA, India (Reuters) – A grand temple to Hindu god Lord Ram opens on Monday on a site in India millions believe is his birthplace, in a religious spectacle led by Prime Minister Narendra Modi months before he seeks a rare third term in elections. The construction of …

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Marketmind: China rate decision set to disappoint

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. An interest rate decision in China kicks off the week in Asia on Monday with investors hoping – forlornly, perhaps – that the central bank will provide some much-needed relief for the country’s sluggish economy and creaking markets. This will be …

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Russia says four survive charter jet crash in Afghanistan, condition of two others unclear

KABUL/MOSCOW (Reuters) -Russia’s aviation watchdog said on Sunday four people survived the crash of a charter plane bound for Moscow in northern Afghanistan, citing the Russian embassy there, and it said the condition of two other passengers on board was not yet clear. Two Taliban provincial officials said four survivors were now with Taliban administration …

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Local Taliban officials say two dead, four survivors in Afghanistan plane crash

KABUL (Reuters) – Two Taliban officials in the northern Afghan province of Badakhshan said on Sunday that two passengers were killed in a plane crash involving a charter aircraft in the province but they said four others had survived. Khan Mohammad, head of the provincial governor’s office, said the four surviving passengers were now with …

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Four survived jet crash in Afghanistan, fate of two others being confirmed – Russia

MOSCOW (Reuters) – Four people survived a plane crash involving a Russian-registered plane in Afghanistan and the fate of two other people on board is being clarified, Russia’s aviation watchdog Rosaviatsia said on Sunday, citing Russian diplomats. A Russian-registered charter plane with six people on board disappeared from radar screens over Afghanistan a day earlier, …

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Two Russian nationals were passengers on jet which went missing over Afghanistan – TASS

(Reuters) – Two Russian citizens were passengers on a charter flight bound for Moscow that disappeared over Afghanistan, Russia’s state-run TASS news agency said on Sunday, citing a source “in the operational services”. A manifest list for the plane which named everyone on board and which was published by the SHOT news outlet appeared to …

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India’s Steel Authority suspends two directors at direction of anti-graft ombudsman

NEW DELHI (Reuters) – India’s state-owned Steel Authority of India has suspended two board directors at the direction of the anti-graft ombudsman, the company said in a statement on Sunday, without specifying the allegations. The suspension will not affect the company’s performance, Chairman Amarendu Prakash said in a statement. “Business is being carried out as …

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