China will step up policy support for the economy, the premier tells state media

Chinese Premier Li Keqiang speaks at the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2022. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 16 (Reuters) – China will step up macro-economic policy support for the economy, … Read more

Indonesia’s 2022 energy subsidies may rise, 2023 bill may shrink, finance minister says

Indonesia’s Finance Minister Sri Mulyani Indrawati speaks at an opening for High Level Seminar, Strengthening Global Collaboration for Tackling Food and Insecurity, during the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, July 15, 2022. Sonny Tumbelaka Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 16 (Reuters) … Read more

Rains dampen Indian state retailers’ Aug. 1-15 diesel sales

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 16 (Reuters) – Gasoil sales by Indian state fuel retailers in the first half of August were subdued from levels … Read more

UK leadership candidates seek to undermine the new push for Scottish independence

LONDON, Aug 15 (Reuters) – The two candidates battling to be Britain’s next prime minister will try to present themselves as defenders of Scotland’s place in the United Kingdom on Tuesday by promising more scrutiny of Scotland’s government to undermine a new push for independence. The Scottish National Party, which heads Scotland’s semi-autonomous government, wants … Read more

Malaysia’s bourse to launch voluntary carbon market by year-end

A general view of a business district in Kuala Lumpur, Malaysia September 15, 2020. REUTERS/Lim Huey Teng Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, Aug 15 (Reuters) – Malaysia’s stock exchange on Monday said it will launch a voluntary carbon market (VCM) by the year’s end, with the aim of increasing … Read more

Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 15 (Reuters) – A look at the day ahead in Asian markets … Read more

Explainer: How could the new US corporate minimum tax affect companies?

Aug 12 (Reuters) – The main revenue source in the new US tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The US House of Representatives was scheduled to vote on Friday … Read more

EXCLUSIVE Malaysia’s Tenaga plans $1 bln IPO for power business, sources say

A view of Tenaga Nasional Berhad headquarters in Kuala Lumpur, Malaysia, October 13, 2015. REUTERS/Olivia Harris Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug 12 (Reuters) – Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to start the process next year for a potential $1 billion listing of its power generation business, … Read more

Argentina to give tax, customs benefits to oil companies

BUENOS AIRES, Aug 11 (Reuters) – Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country’s new economy “superminister” said on Thursday. The move comes as the country seeks to turbo-charge investments in the Vaca Muerta shale formation, the world’s fourth-largest shale oil reserve and the … Read more

Indonesia asks Pertamina to limit subsidized fuel sales

An employee at a Total fuel station fills up a motorcycle in south Jakarta February 12, 2015. Picture taken February 12, 2015. REUTERS/Darren Whiteside/File Photo Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 11 (Reuters) – Indonesia’s government has asked state energy firm Pertamina (PERTM.UL) to limit its sales of subsidized fuels … Read more