KUALA LUMPUR (Reuters) -Malaysia’s FGV Holdings, one of the world’s largest palm oil producers, will be delisted on August 28 after being taken over by a state-owned body. FGV said last week the Federal Land Development Authority (Felda) had gained more than the 90% of the company’s shares required for a takeover. The offer runs …
Malaysian palm oil firm FGV to be delisted on August 28 Read More »
HANOI (Reuters) -Vietnam’s Vingroup plans to invest 373.8 trillion dong ($14 bln) in a seaport and logistics centre in the city of Haiphong in the country’s north, it said in a filing. The project is to be developed over three stages up to 2040, the company said in a filing to the Ho Chi Minh …
Vietnam’s Vingroup plans $14 billion seaport, logistics centre in Haiphong Read More »
By Dharamraj Dhutia MUMBAI (Reuters) -Godrej Properties, the real estate unit of India’s Godrej Industries, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said. The real estate developer is likely to raise around 20 billion rupees ($230 million) through the …
India’s Godrej Properties plans its largest-ever bond issue, sources say Read More »
(Reuters) -India’s JSW Cement [JSWC.NS] has priced its 36 billion rupees ($412.72 million) initial public offering between 139 to 147 rupees, a newspaper advertisement showed on Monday. ($1 = 87.2270 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country’s already worsening finances. After suffering a stinging defeat in last month’s upper house election, Ishiba’s minority …
Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says Read More »
TAIPEI (Reuters) -Four people died and more than 5,900 have been evacuated in southern Taiwan after the island recorded more than a year’s rainfall over the past week which caused widespread landslides and flooding. Three people are missing and 77 have been injured since late July when a depression and strong southwesterly airstreams began causing …
Southern Taiwan lashed by torrential rain, four dead, more than 5,900 evacuated Read More »
By Swati Bhat and Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or …
India cenbank seen holding rates, but US tariffs raise odds of cut Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India’s upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar …
Indian rupee seen under pressure on US tariff worries, RBI policy in focus Read More »
By Ashley Tang, Naveen Thukral and Bernadette Christina PONTIAN, Malaysia (Reuters) -Malaysian farmer Suratmen Mosman faces a dilemma that threatens to sap supply from the world’s top palm oil exporters and drive up prices of the vegetable oil essential to billions of consumers worldwide in the next five years. The ageing trees on his plantation …
Old trees and ageing farmers worsen outlook for top palm oil exporters Read More »
By Rahul Trivedi BENGALURU (Reuters) -Indonesia’s economy likely grew at its slowest pace in nearly four years last quarter as weak household spending weighed on overall growth and offset a boost from exports, according to a Reuters poll of economists. Southeast Asia’s largest economy likely grew 4.80% in the April-June quarter from a year earlier, …
Indonesia’s economic growth likely slowed again in Q2 Read More »
