News

September 28, 2021 HONG KONG (Reuters) – The risks to Hong Kong banks from heavily indebted Chinese property developers are manageable, a top executive at the city’s banking regulator said on Tuesday. The debt crisis engulfing China Evergrande Group has begun to dent homebuyer sentiment in China and force developers to cut prices. With liabilities […]

September 28, 2021 By Yoruk Bahceli and Dhara Ranasinghe (Reuters) -The purse strings have been loosened and will stay that way, no matter who heads Germany’s new government. That’s the verdict from investors who see potential gains for segments such as green finance alongside modestly higher bond yields. After Finance Minister Olaf Scholz’s centre-left Social […]

September 28, 2021 ALMATY (Reuters) – A consortium led by Turkey’s TAV Airports has raised $300 million in loans to finance upgrades at the airport of Almaty, Kazakhstan’s biggest city, the European Bank for Reconstruction and Development has said. The EBRD and the International Finance Corporation, an arm of the World Bank, have contributed $150 […]

September 28, 2021 By David Stanway SHANGHAI (Reuters) – As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal […]

September 28, 2021 ZHUHAI, China (Reuters) – Boeing Co and Guangzhou Aircraft Maintenance Engineering Co Ltd (GAMECO) will establish two 767 freighter-conversion lines next year, company executives said on Tuesday, citing high air cargo demand. GAMECO, a maintenance, repair and overhaul (MRO) provider part-owned by China Southern Airlines Co Ltd, had already been running three […]

September 28, 2021 By Nichola Groom (Reuters) – Cheap imports have fueled the U.S. solar industry’s dramatic growth for years. Now, mounting trade and transport issues is exposing that dependence as a vulnerability, slowing shipments and putting big projects at risk, according to industry representatives. Tighter availability of foreign panels could hurt the booming industry […]

German startup Dance has raised $19.4 million in new funding (€16.5 million). The news comes just weeks after the company started rolling out its e-bike subscription service in Berlin. Eurazeo is leading today’s funding round. HV Capital and BlueYard are also investing, as well as Dave Morin and James Higa from Offline Ventures, Nicolas Berggruen, […]

September 28, 2021 ZHUHAI, China (Reuters) – Airbus SE is in talks with China’s aviation regulator about certifying its A220 narrowbody plane that has received strong interest from domestic airlines, the head of Airbus’ China business said on Tuesday. Airbus China CEO George Xu said that the A220 would help airlines fill the gap between […]

September 28, 2021 By Rocky Swift and Ju-min Park TOKYO (Reuters) -Japan has protested a South Korean court order that assets seized from Mitsubishi Heavy Industries be sold off to pay compensation to two women subjected to forced labour for the company during Japan’s occupation of the Korean peninsula. A support group for the South […]

September 28, 2021 (Reuters) – Lee Westwood said he would restore the number of captain’s picks to four and make other changes to the selection process if chosen to lead Europe’s Ryder Cup team in 2023. Europe were thrashed 19-9 by the United States at Whistling Straits in Wisconsin as the Americans reclaimed the trophy […]

September 28, 2021 By Sonali Paul MELBOURNE (Reuters) – A fire that damaged two Tesla Inc battery units at a huge energy storage project in Australia in July was caused by a coolant leak that went undetected during start-up tests, a state watchdog said in a report released on Tuesday. Safety regulators on Tuesday cleared […]

September 28, 2021 TOKYO (Reuters) – Japan’s Nintendo Co Ltd said on Tuesday that a “Donkey Kong” themed expansion to its “Super Nintendo World” land in the Universal Studios Japan theme park in Osaka will open in 2024. (Reporting by Sam Nussey; Editing by Kim Coghill) Source Link Nintendo says ‘Donkey Kong’ area to open […]

Amazon said on Tuesday it is extending its computer science program Future Engineer to India. Through the program, for which Amazon partners with players such as Code.org, Amazon aims to bring CS education to underserved and underrepresented children and young adults. In India, the company said it expects the program, which will be available in […]

September 28, 2021 By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Taro Aso called on Tuesday for a combination of monetary and fiscal policies to help boost inflation towards the Bank of Japan’s 2% inflation target, saying easy money policy has its limit. “We must utilise both monetary and fiscal policies” to bring inflation […]

Capital Float, an Amazon-backed startup that offers its buy now, pay later service on many popular online platforms in India including that of the e-commerce firm, said on Tuesday it has raised $50 million in a new financing round following a strong growth in recent quarters. Lightrock India led the Bangalore-based startup’s Series D financing […]

For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as five seconds, using AI-based identity authentication technology and APIs that let companies continue verifying returning customers through SMS, WhatsApp or flash calls. Verihubs announced it […]

September 28, 2021 (Reuters) – Argentina coach Lionel Scaloni has called up three Premier League players for next month’s World Cup qualifiers despite the South American country remaining on Britain’s COVID-19 travel ‘red list’. Tottenham Hotspur’s Giovani Lo Celso and Cristian Romero along with Aston Villa goalkeeper Emiliano Martinez have been named in the 30-man […]

September 28, 2021 BANGKOK (Reuters) – Thailand’s economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors, the World Bank said on Tuesday, as the country fights its biggest virus outbreak to date. Southeast Asia’s second-biggest economy […]

September 28, 2021 SHANGHAI (Reuters) – Chinese automaker Zhejiang Geely Holding said on Tuesday its founder Eric Li has launched a new company dedicated to making smartphones. The company, called Hubei Xingji Technology Co Ltd, has signed a strategic cooperation agreement with the Wuhan Economic and Technological Development Zone to establish its headquarters in the […]

September 28, 2021 SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links. Local tech blog 36Kr reported on Tuesday that users of Alibaba’s food delivery […]