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☆ India's Adani says to keep investing in Israel after Haifa port takeover
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

[1/5] Israel Prime Minister Benjamin Netanyahu attends an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir CohenHAIFA, Israel, Jan 31 (Reuters) - Indian magnate Gautam Adani said on Tuesday he would keep investing in Israel after his group took over one of the country's main ports. Adani spoke at a ceremony in Haifa welcoming Adani Ports (APSE.NS) and local chemicals and logistics group Gadot - the partners who purchased the port for 4 billion shekels ($1.15 billion). Adani joins China's Shanghai International Port Group (SIPG), which opened in 2021 new piers across the bay in Haifa. "We are talking to our Arab neighbours, after the historical Abraham Accords, about connecting the rail links of Saudi Arabia through Jordan to Haifa port," Netanyahu said.

☆ Indonesia says investment talks with Tesla still ongoing
▼ + stars: | 2023-01-12 | by ( Bernadette Christina | ) www.reuters.com time to read: +3 min

Luhut Pandjaitan, who has been leading the talks with Tesla, declined to disclose further details, citing a non-disclosure agreement. Bloomberg News also reported that the Indonesia talks include plans for production facilities and to facilitate the company's supply chain, citing people familiar with the matter. "I can't comment, we're still talking," Luhut told Reuters, adding that he had just recently held another round of talks with Tesla. Tesla currently makes its electric cars in China's Shanghai, Germany's Berlin, and Austin and Fremont in the United States. Indonesian authorities have said Japanese firms Toyota Motor Corp (7203.T) and Mitsubishi Motors Corp (7211.T) have pledged investments in EV production.

☆ Tesla nears deal to build production facilities in Indonesia -Bloomberg News
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly SongCompanies Tesla Inc FollowJan 12 (Reuters) - Tesla Inc (TSLA.O) is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing unidentified people familiar with the matter. Tesla makes its electric cars in China's Shanghai, Germany's Berlin, and Austin and Fremont in the United States. The latest report said the Indonesia talks include plans for production facilities and to facilitate the company's supply chain. Tesla has signed contracts worth about $5 billion to buy materials for batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.

Jan 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Another downside surprise, however, and Asian markets could open with an added spring in their step on Wednesday. chartThe scope of inflation data this week is broad. U.S. and other central bankers insist they cannot let up in the fight against rising prices, despite growing evidence inflation has peaked. The Aussie dollar hit a four-month high of $0.6950 on Monday and unsurprisingly eased back on Tuesday ahead of the inflation figures.

☆ Fosun app lets China users get BioNTech COVID vaccines in Hong Kong
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] The BioNTech logo is seen at the booth of Fosun Pharmaceutical (Group) at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence LoHONG KONG, Dec 27 (Reuters) - China's Shanghai Fosun Pharmaceutical Group (600196.SS) said users of its mobile health app in China can now register to take COVID-19 booster shots in Hong Kong using BioNTech's (22UAy.DE) vaccine. BioNTech and its partner for China - Fosun - were granted approval for their COVID-19 vaccine that is adapted for the BA.4 and the BA.5 subvariants of Omicron for people aged 12 and older in Hong Kong, the German company said on Dec. 23. The vaccine is the first and currently only variant-adapted vaccine available as a booster dose for individuals 12 years and older that has been granted approval in Hong Kong, BioNTech said at the time. A shipment of BioNTech COVID-19 vaccines meant for German nationals in China arrived at the German embassy in Beijing last week as cases in China soared after policymakers dropped nearly all of previous epidemic control protocols.

☆ Gas crisis forces Italy's Ansaldo to raise $569 million in capital
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 29 (Reuters) - Italy's Ansaldo Energia, a state-controlled supplier of power generation equipment, on Tuesday said it would raise cash and push back debt maturities after warning in August that the Ukraine crisis had hit demand for gas power generation. Ansaldo Energia is 60% owned by Italian state investor CDP Equity with the remaining 40% in the hands of China's Shanghai Electric Group (601727.SS). The capital strengthening will amount in total to 550 million euros ($569 million). As part of it, CDP Equity will convert into equity a 200 million euro loan it had extended to Ansaldo as well as 50 million euros in overdue interest payments. Like rivals, the company also had to contend with higher costs for materials used in production, energy and gas prices.

☆ Volkswagen China's Shanghai plant resumes production gradually
▼ + stars: | 2022-04-25 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, April 25 (Reuters) - Volkswagen Group China's (VOWG_p.DE) Shanghai factory has started a gradual resumption to production, it said on Monday. Its factories in the northeastern Chinese city of Changchun, which it runs in a joint venture with China's FAW Group, continues to ramp up production volumes, it added. Reporting by Brenda Goh Writing by Meg Shen Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

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