By Aditi Shah HYDERABAD, India (Reuters) – Foreign investors would feel more confident about increasing their aircraft leasing business in India if the country firmed up legislation on the repossession rights of lessors, a top executive at AerCap Holdings said. Debate over the rights of lessors in India came to the fore last year when …
AerCap says better India plane reclaim rules to boost investor morale Read More »
By John Revill ZURICH (Reuters) – Swiss engineering group ABB’s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday. The committees from the House of Representatives sent a letter this week to ABB inviting executives to public hearings to …
ABB’s China operations under investigation by US Congress Read More »
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – The International Monetary Fund said it remains critical for Sri Lanka to swiftly reach final agreements with its official lenders and reach a deal with external private creditors, after concluding a staff visit to the island nation on Friday. Having received a $2.9 billion bailout loan …
IMF says Sri Lanka still needs deals with official and external private creditors Read More »
BENGALURU (Reuters) -Reliance Jio Infocomm, India’s biggest telecom operator by subscriber count, broke a four-quarter streak of slowing profit growth on Friday, helped by subscriber additions, partly after the recent launch of a 4G budget-friendly phone. Jio, a unit of conglomerate Reliance Industries, said its net profit rose 12.3% year-over-year to 52.08 billion rupees (about …
Indian telco Reliance Jio’s profit growth picks up in Q3 on subscriber additions Read More »
SEOUL (Reuters) – China’s embassy in Seoul has warned citizens against the dangers of having plastic surgery done in South Korea, from the risk of death to major facial changes that make it difficult to pass through immigration checks. South Korea is one of the world’s most popular destinations for medical tourism, canvassing foreign patients …
Chinese embassy warns of plastic surgery risks in South Korea Read More »
By Joe Cash BEIJING (Reuters) – Foreign direct investment into China shrank for the first time in over a decade in 2023, data released by the commerce ministry showed, underscoring the challenge Beijing faces if it is to win back foreign firms as Western governments talk up “de-risking”. Overseas companies last year invested 1.13 trillion …
Annual foreign investment flows into China shrinks first time since 2012 Read More »
(Reuters) – Deutz has agreed to sell electric drive specialist Torqeedo to Japan’s Yamaha Motor, the German engine producer said on Friday. The proceeds from the deal, which is expected to be closed within the first quarter of the current year, would be in a high double-digit million-euro amount, it said in a press release. …
TOKYO (Reuters) – Chubu Electric Power’s president on Friday underscored the importance to the firm of restarting its Hamaoka nuclear power plant in central Japan which has been idle since 2011. “The Hamaoka plant is indispensable for us to achieve a stable supply of electricity and carbon neutrality,” President Kingo Hayashi told a news conference. …
Chubu Elec says Hamaoka nuclear power vital for stable power supply Read More »
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – German renewable energy company RWE plans further expansions into Japan’s offshore wind sector after winning its first project last month, a senior executive told Reuters, and also considers South Korea a promising market. RWE, the world’s second-biggest offshore wind company, won the right to build a …
RWE plans further Japan offshore wind push after Niigata win, South Korea in focus Read More »
TBILISI (Reuters) – Armenian Prime Minister Nikol Pashinyan said on Friday that his country needed a new constitution to entrench its “democratic aspirations”, Russia’s Interfax news agency reported. It quoted Pashinyan as telling a meeting at the country’s justice ministry: “We must have a Constitution that will make the Republic of Armenia more competitive and …
Armenia’s prime minister says his country needs a new constitution -Ifax Read More »
