(This May 8 story has been corrected to say that Mitsubishi Motors made the comment last month, not last week, in paragraph 18) SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc…
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge of the matter said on Wednesday. But, some Chinese refiners have requested for lower supply volumes in June, said the sources. It is…
By Kate Lamb LABUAN BAJO, Indonesia (Reuters) – Southeast Asian leaders meeting in Indonesia called on Wednesday for an immediate end to hostilities in military-ruled Myanmar, in an effort to create a window for urgent dialogue and aid delivery as fighting intensifies. The summit of the Association of Southeast Asian Nations (ASEAN) was expected to…
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Planning for Virgin Australia’s upcoming initial public offering (IPO) is “well advanced”, Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline’s shareholders and staff after a return to profit. Cotton said Australia’s second-biggest airline was days away from…
HONG KONG (Reuters) -Hong Kong’s Security Chief Chris Tang criticised an opinion piece in the Wall Street Journal (WSJ) on a seizure by authorities of a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Tang said in a letter to the newspaper that the WSJ opinion piece, titled “Subversive Art is a…
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Planning for Virgin Australia’s upcoming initial public offering (IPO) is “well advanced”, Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline’s shareholders and staff after a return to profit. Cotton said Australia’s second-biggest airline was days away from…
By Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr has said the prospect of tensions escalating over Taiwan was a “grave concern” to Southeast Asian leaders and discussions about it were inevitable at this week’s summit in Indonesia. “Considering that we agree on the concept of ASEAN centrality when it comes to regional concerns,…
By Sujith Pai BENGALURU (Reuters) – Malaysia’s economic growth probably slowed in the first quarter, hit by tepid consumption and declining exports, a Reuters poll of economists showed. The Southeast Asian economy probably expanded 4.8% in the January-March quarter from a year ago, the median forecast of 21 economists polled from May 2 to 9…
SYDNEY (Reuters) -The privacy regulators for Australia and New Zealand said on Wednesday they had begun a joint investigation into the personal information handling practices at consumer finance firm Latitude Group, which was hit by a cyber attack. The Office of the Australian Information Commissioner (OAIC) and the New Zealand Office of the Privacy Commissioner…
By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s…
