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28 Jul

Indonesia's Krakatau Steel, S.Korea's POSCO plan $3.5 billion investment

Indonesia's Krakatau Steel and South Korea's POSCO Holdings have agreed to invest $3.5 billion to expand their production capacity in the Southeast Asian country, the companies said on Thursday.

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28 Jul

China targets $148 billion in financing for cash-strapped developers - FT

BENGALURU/HONG KONG (Reuters) -China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector and relieve pressure on the economy.

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28 Jul

Indonesia says Krakatau Steel, S.Korea's POSCO plan $3.5 billion investment

Indonesia's Krakatau Steel and South Korea's POSCO Holdings have signed an agreement to invest $3.5 billion starting next year to expand their production capacity in the Southeast Asian country, Indonesia's investment ministry and POSCO said on Thursday.

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28 Jul

Red tape and reluctant locals cloud Germany's solar power rush

Two German renewable companies hope to build one of the country's biggest solar parks among rolling hills in the eastern district of Barnim to improve energy security in the face of an unprecedented supply crisis.

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28 Jul

Hong Kong central bank raises rates, warns of tighter interbank market

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

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28 Jul

China's central bank targets $148 billion in financing for cash-strapped developers - FT

(Reuters) -China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector.

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28 Jul

Dollar hits three-week low to yen as Fed's Powell less hawkish than feared

The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors' worries about continued aggressive monetary tightening.

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