May 18th
KUALA LUMPUR, May 18 — Petronas said today it has signed a head of agreement with Japan’s Itochu Corporation and Thailand’s PTT Global Chemical Pcl to build two separate petrochemical complexes. Petronas said in a statement it will be the major equity holder for both the proposed joint ventures that are part of the RM60 billion refinery project in ..
Read the original: Petronas inks deal with Itochu, PTT Global Chemicals for petchem plants
May 18th
TOKYO, May 18 — Asian shares fell steeply today after more signs emerged of growing instability among Spanish banks and political turmoil in Greece, with the latest sluggish economic data from the United States adding to the list of risks for investors. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6 per cent, after …
See original here: Asia shares fall steeply on worries over Spain banks, growth
May 11th
YOKOHAMA, May 11 — Nissan Motor Co posted today a one-third jump in quarterly profit and projected a 28 per cent rise in the year ahead driven by brisk sales momentum in emerging markets. January-March operating profit at Japan’s No.2 automaker rose 33 per cent to
May 8th
TOKYO, May 8 — Shares recovered today from yesterday’s plunge, as sentiment improved on hopes Spain would use public funds to bolster its struggling banks, although persistent wariness over Greece weighed on the euro.
Continued here: Shares revive as Spanish bank hopes soothe nerves
May 7th
TOKYO, May 7 — Japan’s Nikkei average fell to a three-month low today after elections in France and Greece raised concerns on whether euro zone economies will continue to pursue austerity measures, and as US jobs data came in weaker than expected.
May 6th
KHOBAR, Saudi Arabia, May 6 — Saudi Aramco and Japan’s Sumitomo Chemical have issued letters of intent to at least two contractors who submitted the lowest bids to expand a petrochemical complex in Saudi Arabia, moving a step closer to a decision on whether to proceed with the major project, industry sources said. British company Petrofac and …
Continued here: UK, Korean companies picked for Saudi petchem project
May 2nd
UNITED NATIONS, May 2 — The United States, European Union, South Korea and Japan have submitted a list of about 40 North Korean companies to the UN Security Council’s sanctions committee for possible blacklisting due to Pyongyang’s recent rocket launch, envoys said yesterday. The committee, which includes all 15 Security Council members, received …
Go here to see the original: US, allies urge sanctions for North Korea firms; China resists
May 1st
SYDNEY, May 1 — Japan’s Mitsui & Co and Mitsubishi Corp have agreed to jointly buy a 14.7 per cent stake in an Australian LNG project from Woodside Petroleum for US$2 billion (RM6.08 billion) and to buy 1.5 million tonnes of gas a year from the project. The two firms, through a company called Japan Australia LNG, have also offered assistance in …
View post: Japan’s Mitsui, Mitsubishi to buy Australia LNG stake for US$2b
Apr 27th
TOKYO, April 27 — Japan’s Nikkei share average ended lower in choppy trade and closed out its worst April since 2005 today, after the Bank of Japan’s move to boost its bond buying failed to ignite lasting confidence among investors over the fragile economy. Stocks briefly picked up and the yen weakened after the BOJ announced during the afternoon ..
Go here to read the rest: Nikkei slips as BOJ impact shortlived; worst April in 7 years
Apr 25th
MANILA, April 25 — Finance and central bank chiefs of Japan, South Korea, China and Southeast Asian countries are expected to approve next week a plan to raise countries’ access to a regional fund to avert currency volatility, a senior Philippine official said on Wednesday.The Asean+3 regional grouping is set to take up a proposal to increase from …
See the rest here: Asean+3 set to okay hike in Chiang Mai fund access, says Manila central bank