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China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. REUTERS/Chen Aizhu/File Photo Acquire Licensing RightsCompanies Baker Hughes Co FollowSINGAPORE, Aug 28 (Reuters) - Oil prices were marginally lower on Monday as investors stayed fretful over the pace of economic growth in China, and the prospect of further U.S. interest rate hikes that could dampen fuel demand. Oil rose in early Asian trade before paring gains, as China's move to halve stamp duty on stock trading to boost struggling markets temporarily pushed up prices. In the United States, energy firms cut the number of active oil rigs for a ninth month in August, Baker Hughes said in a report. Reporting by Florence Tan and Sudarshan Varadhan; Editing by Christopher Cushing and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Chen Aizhu, Baker Hughes, Brent, WTI, Jerome Powell, Tony Sycamore, Sycamore, Tina Teng, Idalia, Florence Tan, Sudarshan, Christopher Cushing, Clarence Fernandez Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, U.S, West Texas, IG, PMI, CMC, Federal, ANZ Research, Thomson Locations: China, Dalian, Liaoning province, SINGAPORE, U.S, United States, Caribbean, Florida, Gulf, OPEC, Iran, Venezuela

☆ China Evergrande loses $2.4 bln in value as trade resumes after 17 months
▼ + stars: | 2023-08-28 | by ( Clare Jim | ) www.reuters.com time to read: +3 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. Next month, courts will decide on Evergrande's plan to restructure almost $32 billion worth of offshore debt obligations. Its Hong Kong-listed units, China Evergrande New Energy Vehicle Group (0708.HK) and Evergrande Property Services Group (6666.HK) have both resumed trading in the past month after a 16 month halt. The resumption of trading in all three companies is crucial for Evergrande Group because its offshore debt restructuring plan includes swapping part of the debt into equity-linked instruments backed by them. ($1 = 7.8435 Hong Kong dollars)($1 = 7.8442 Hong Kong dollars)($1 = 7.2834 Chinese yuan renminbi)Reporting by Clare Jim; Additional reporting by Donny Kwok Editing by Kim Coghill and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, HONG KONG, Steven Leung, UOB Kay Hian, homebuyers, Evergrande, Clare Jim, Donny Kwok, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, Hong Kong Stock Exchange, Evergrande, HK, Energy Vehicle Group, Evergrande Property Services, Evergrande Group, Prism Hong, Thomson Locations: China, Shenzhen, Guangdong province, HONG, HK, China's, Hong Kong, Prism Hong Kong, Shanghai, Cayman

☆ China's BYD H1 profit triples as deliveries break record
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

Net earnings for the six-months ending June 30 reached 10.95 billion yuan ($1.50 billion), up 204.7% from 3.6 billion yuan a year earlier, on a 72.7% rise in revenue to 260.12 billion yuan, BYD said in a stock market filing. The company posted a 6.82 billion yuan net profit for the April-June quarter, up 144.7%, a Reuters calculation showed. The Q2 earnings, the second highest quarterly number, was within BYD's net profit forecast of between 6.37 billion yuan and 7.57 billion yuan. Buoyed by its Dynasty and Ocean series of plug-in petrol-electric hybrids cars and battery-only electric vehicles (EV), BYD set a monthly sales record in July after deliveries hit 700,244 vehicles in the second quarter. Tesla recorded a decline in quarterly automotive gross margin in the second quarter, prioritising sales over earnings.

Persons: Aly, BYD, Warren Buffett's Berkshire Hathaway, Tesla, Qiaoyi Li, Zhang Yan, Brenda Goh, Christopher Cushing, Mike Harrison Organizations: Security, Auto, REUTERS, Rights, Volkswagen, Inc, U.S, EV, Tesla, BYD, China Association of Automobile Manufacturers, Reuters, Thomson Locations: Auto Shanghai, Shanghai, China, Rights BEIJING, Shenzhen, Singapore, Australia

☆ India's Modi urges nations with critical minerals to see custodianship as 'global responsibility'
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Aug 27 (Reuters) - Indian Prime Minister Narendra Modi said there is a risk of a "new model of colonialism" if nations with critical minerals do not regard custodianship as a "global responsibility", as firms race to secure resources central to energy transition goals. "The ones who have them, if they don't see that as a global responsibility, then this will promote a new model of colonialism. The comments come as adequate supplies of minerals critical for the transition to environmentally friendlier energy is far from assured amid challenges such as resources' uneven geographical diversification. China accounted for 70% of world mine production of rare earths in 2022 and is home to at least 85% of global processing capacity. Amid broader efforts to diversify supply chains, the U.S. and India in June announced deals in sectors as varied as chips, minerals, technology, space and defence during Modi's visit to Washington.

Persons: Narendra Modi, Modi, Shivangi Acharya, Christopher Cushing Organizations: Indian, Thomson Locations: DELHI, New Delhi, China, India, U.S, Washington

☆ Russia launches overnight air attack on northern, central Ukraine
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

Aug 27 (Reuters) - Russia launched an overnight air attack against Ukraine on Sunday, sending missiles over other northern and central parts of the country, authorities said. "Thanks to the professional work of the air defense forces, there were no strikes on critical or residential infrastructure," he said in a statement. All of Ukraine was under air raid alerts for about three hours early on Sunday before they were cleared at around 6 a.m. (0300 GMT). Russia has carried out a campaign of regular air strikes involving missiles and drones against Ukrainian centres far from the front line as part of its 18-month-old full-scale invasion. Reporting by Lidia Kelly in Warsaw, Gleb Garanich in Kyiv; Editing by William Mallard, Christopher Cushing and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Ruslan Kravchenko, Lidia Kelly, Gleb Garanich, William Mallard, Christopher Cushing, Frances Kerry Organizations: Ukraine, Thomson Locations: Russia, Kyiv, Ukraine, Warsaw

☆ Japan says seawater radioactivity below limits near Fukushima
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the Fukushima Daiichi nuclear power plant after it started releasing treated radioactive water into the Pacific Ocean, seen from the nearby Ukedo fishing port in Namie town, Fukushima Prefecture, Japan, Aug. 25, 2023. REUTERS/Tom Bateman/File Photo Acquire Licensing RightsCompanies Tokyo Electric Power Company Holdings Inc FollowTOKYO, Aug 27 (Reuters) - Japan's environment ministry on Sunday said tests of seawater near the Fukushima nuclear power plant did not detect any radioactivity, days after the discharge of treated water that had been used to cool nuclear reactors. The east-Asian nation on Thursday started releasing water from the wrecked Fukushima plant into the Pacific Ocean, sparking protests within Japan and neighbouring countries and prompting China to ban aquatic product imports from Japan. It said the seawater "would have no adverse impact on human health and the environment". Japan's fisheries agency on Saturday said tests of fish in waters around the plant did not detect tritium.

Persons: Tom Bateman, Kaori Kaneko, Christopher Cushing Organizations: REUTERS, Rights Companies Tokyo Electric Power Company Holdings, Reuters, Tokyo Electric Power Co, Tepco, Thomson Locations: Fukushima, Fukushima Prefecture, Japan, China

☆ East Timor condemns Myanmar's expulsion of top diplomat
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Soe Zeya Tun Acquire Licensing RightsJAKARTA, Aug 27 (Reuters) - Myanmar's military government has ordered East Timor's top diplomat to leave the country, the government of East Timor - a vocal critic of Myanmar's leadership - said in a statement condemning the rare action. Myanmar's government, which assumed power in a coup in 2021, has not made any announcement on the matter and a spokesperson was not immediately available for comment. East Timor politicians have been outspoken critics of Myanmar's military government and President Jose Ramos-Horta has met with a top representative from Myanmar's shadow National Unity Government (NUG), which opposes military rule. The country's charge d'affaires must leave Myanmar by Sept. 1, NUG human rights minister Aung Myo Min said on Facebook. In protest against the 2021 coup, many countries have charges d'affaires in Myanmar instead of ambassadors.

Persons: Pope Francis, Soe Zeya, Myanmar's, Jose Ramos, Aung Myo Min, Christopher Cushing Organizations: San Football, REUTERS, Rights, East, . East, National Unity Government, Facebook, Reuters, Thomson Locations: Myanmar, Yangon, Rights JAKARTA, East Timor's, East Timor, ., . East Timor, Horta

☆ China Evergrande H1 net loss narrows to $4.5 bln
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Aug 27 (Reuters) - Property developer China Evergrande Group (3333.HK) on Sunday reported a January-June net loss of 33 billion yuan ($4.53 billion) versus a 66.4 billion yuan loss in the same period a year ago. The world's most indebted developer posted a combined net loss of $81 billion for 2021 and 2022 in a long-overdue earnings report last month, having posted an 8.1 billion yuan profit in 2020. Over that two-year period, revenue dropped 55% to 230.1 billion yuan. Liabilities reached 2.4 trillion yuan, up 23%, while its assets were worth 1.8 trillion yuan, down 20%.

Persons: Aly, HONG KONG, Evergrande, Clare Jim, Christopher Cushing, Hugh Lawson Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Sunday, Thomson Locations: China, Shenzhen, Guangdong province, HONG, China's, Hong Kong

☆ Russian ships return from joint Pacific patrolling with Chinese ships
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] A still image from a video, released by Russia's Defence Ministry, shows what it said to be Russian and Chinese navy ships jointly patrolling the Pacific Ocean and holding naval exercises in the East China Sea, in this image taken from footage released August 18, 2023. Russian Defence Acquire Licensing Rights Read moreAug 27 (Reuters) - A detachment of Russia's navy warships returned from more than three weeks of joint-patrolling of the Pacific Ocean with Chinese navy ships, the Russian Interfax news agency reported on Sunday. Warships of Russia's Pacific Fleet, together with a detachment of Chinese navy ships travelled more than 7,000 nautical miles through the Sea of Japan, the Sea of Okhotsk, the Bering Sea and the Pacific Ocean, Interfax reported citing the Fleet's press service. The Wall Street Journal reported in early August that 11 Russian and Chinese ships steamed close to the Aleutian Islands, in what appeared to be appeared to be the largest such flotilla to approach American shores. Interfax on Sunday reported that some of the Pacific Fleet's largest warships participated in the patrol.

Persons: Lidia Kelly, Christopher Cushing Organizations: Russia's Defence Ministry, Russian, Fleet, Northern, Street, U.S, Sunday, Pacific, Thomson Locations: East China, Russian, Japan, Okhotsk, Hokkaido, Russia, Northern Territories, ., Alaska, U.S, Warsaw

☆ Russia says Ukraine fired missile towards Moscow, hit Crimea with drones
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, Aug 25 (Reuters) - Russia said on Friday that Ukraine had fired a missile towards Moscow and attacked the Crimean Peninsula with 42 drones, one of the biggest known coordinated Ukrainian air attacks to date on Russian-held territory. Russia's defence ministry said it had shot down a modified S-200 missile over the Kaluga region, which borders the Moscow region. "The missile was detected and destroyed by air defences over the territory of the Kaluga region," the defence ministry said. There were no immediate reports of casualties or damage from the attacks, which Russia blamed on Ukraine. The attack were the latest in a surge of similar attacks since two drones were destroyed over the Kremlin in early May.

Persons: Vladislav Shapsha, Mikhail Razvozhayev, Lidia Kelly, Christopher Cushing, Miral Fahmy, Guy Faulconbridge Organizations: Kremlin, Thomson Locations: MOSCOW, Russia, Ukraine, Moscow, Crimean, Kaluga, Crimea, Sevastopol, Sevastopol's, Warsaw

☆ Taiwan proposes extra $3 bln spending on new weapons next year
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A view shows a loitering munition UAV on display as Taiwan's Defence Ministry showcases its domestically developed drones to the media, in Taichung, Taiwan March 14, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Aug 24 (Reuters) - Taiwan will spend an extra T$94.3 billion ($2.97 billion) to buy weapons next year including fighter jets, the government said on Thursday as the island bolsters its defences in the face of rising threats from China. Taiwan President Tsai Ing-wen already announced on Monday that overall proposed defence spending for 2024 would be set at T$606.8 billion, a 3.5% increase from the previous year. Defence spending for next year will amount to 2.5% of Taiwan's GDP. ($1 = 31.7490 Taiwan dollars)Reporting by Ben Blanchard and Faith Hung; Editing by Christopher Cushing and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Ann Wang, Tsai Ing, Tsai, Ben Blanchard, Faith Hung, Christopher Cushing, Miral Organizations: Taiwan's Defence Ministry, REUTERS, Rights, Democratic Progressive Party, Defence, U.S . State Department, Pentagon, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Taipei

☆ S.Korea police arrest 16 Fukushima protesters targeting Japan embassy
▼ + stars: | 2023-08-24 | by ( Hongji Kim | ) www.reuters.com time to read: +2 min

[1/5] A university student is detained while attempting to break into the Japanese embassy on the occasion of Japan releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean, in Seoul, South Korea, August 24, 2023. The protest came the day Japan began releasing treated radioactive water from the wrecked nuclear power plant into the Pacific Ocean, a polarising move that prompted fresh, fierce criticism from around the region. A Reuters photographer on the scene saw police officers physically carry and drag protesters from the building and bundle them into a bus. A police officer at the Jongno police station in the South Korean capital said 16 people were arrested on charges of trespassing, accusing them of trying to break into the embassy. The Japanese embassy had advised its citizens on Tuesday not to approach Fukushima-related rallies in front of the embassy building, so as to "avoid getting into unnecessary trouble".

Persons: Kim Hong, Han Duck, Hongji Kim, Soo, hyang Choi, Josh Smith, Clarence Fernandez, Christopher Cushing Organizations: REUTERS, Rights, Korean, Reuters, Thomson Locations: Japan, Seoul, South Korea, Rights SEOUL, Fukushima, Tokyo

REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Aug 24 (Reuters) - Taiwan will spend an extra T$94.3 billion ($2.97 billion) to buy weapons next year including fighter jets to bolster its defences against China, the government said on Thursday, and will get a further boost from new F-16 fighter jet tracking systems. Taiwan President Tsai Ing-wen already announced on Monday that overall proposed defence spending for 2024 would be set at T$606.8 billion, a 3.5% increase from the previous year. The United States on Wednesday approved a possible $500 million sale to Taiwan of infrared search and track systems for F-16 fighter jets, as well as other equipment. China, which routinely denounces any foreign arms sales to Taiwan, urged the United States to immediately cancel the planned sale, its foreign ministry said. Tsai has overseen a military modernisation programme to make the armed forces better able to face China, including upgrading a fleet of F-16 fighter jets and developing submarines.

Persons: Ann Wang, Tsai Ing, Po, huei, Tsai, Ben Blanchard, Faith Hung, Andrew Hayley, Christopher Cushing, Miral Organizations: Taiwan's Defence Ministry, REUTERS, Rights, United States, Democratic Progressive Party, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Taipei, United States, United, Beijing

☆ Moon rover exits India's Chandrayaan-3 spacecraft to explore lunar surface
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

People watch a live stream of Chandrayaan-3 spacecraft's landing on the moon, inside an auditorium of Gujarat Science City in Ahmedabad, India, August 23, 2023. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Aug 24 (Reuters) - The moon rover of India's Chandrayaan-3 exited the spacecraft on Thursday morning to begin its exploration of the lunar surface, the country's space agency said on messaging platform X, formerly known as Twitter. the Indian Space Research Organisation (ISRO) said in its message. People across the country tuned in to watch the landing on Wednesday, with nearly 7 million people viewing the YouTube live stream alone. Chandrayaan-3 is expected to remain functional for two weeks, running a experiments including, a spectrometer analysis of the lunar surface's mineral composition.

Persons: Amit Dave, Russia's Luna, Sakshi Dayal, Tom Hogue, Christopher Cushing, Gerry Doyle Organizations: REUTERS, DELHI, Twitter, Rover, Indian Space Research Organisation, Thomson Locations: Gujarat Science City, Ahmedabad, India, Lander, Chandrayaan

☆ Credit Suisse 1a Immo PK real estate fund to remain unlisted
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The logo of Credit Suisse bank is seen outside its office building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsZURICH, Aug 24 (Reuters) - The Credit Suisse 1a Immo PK real estate fund will remain unlisted and not floated in an initial public offering planned for the fourth quarter of 2023, the Swiss bank, which is now a subsidiary of UBS (UBSG.S), said on Thursday. "Due to the renewed fall in trading volumes on the market for listed Swiss real estate funds compared with the previous year; (an IPO) would likely have led to significantly higher volatility in the event of a stock exchange listing," Credit Suisse AG said. With UBS taking over Credit Suisse earlier this year and in the process of integrating its former rival, the decision would also give allow the newly formed real estate unit within UBS Asset Management to coordinate and refocus its offering. Reporting by Noele Illien; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Noele Illien, Christopher Cushing Organizations: Credit, REUTERS, Rights, UBS, Suisse AG, Credit Suisse, Management, Thomson Locations: Credit Suisse, Hong Kong, China, Swiss

☆ Dollar hovers near two-month high, yen near 146/dlr
▼ + stars: | 2023-08-23 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar index , which measures the U.S. currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. The index is up 1.6% in August and is on course to snap its two-month losing streak. The Australian dollar rose 0.40% to $0.645, while the New Zealand dollar rose 0.29% to $0.596. In cryptocurrencies, bitcoin last rose 0.77% to $26,049, having touched two-month low of $25,350 overnight.

Persons: Florence Lo, Christopher Wong, Jerome Powell's, Wong, Thomas Barkin, Saira Malik, Atsushi Takeuchi, Fumio, Takeuchi, bitcoin, Ankur Banerjee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Federal Reserve, Richmond Fed, Nuveen, Bank of, New Zealand, Thomson Locations: , Wyoming, OCBC, Singapore, U.S, tenterhooks, Tokyo, Japan

☆ US FDIC to propose new bank resolution, long-term debt rules on Aug. 29
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Aug 22 (Reuters) - U.S. bank regulator the Federal Deposit and Insurance Corporation (FDIC) will on Aug. 29 propose new rules overhauling how large regional banks prepare for their own failure, according to a notice published late on Tuesday. U.S. regulators are seeking to strengthen oversight of the banking system, particularly in light of a string of collapses this year that included three of the largest in U.S. history. The proposal will likely require banks of $100 billion or more in assets to issue long-term debt that could absorb bank losses before depositors and the FDIC's deposit insurance fund do, FDIC Chair Martin Gruenberg said in a speech this month. It will also require bank recovery and resolution plans, also known as "living wills," to give the FDIC more options when overseeing a failed bank's receivership, including by identifying parts of the lender that could be sold separately. Reporting by Michelle Price; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Martin Gruenberg, Michelle Price, Christopher Cushing Organizations: Federal, and Insurance Corporation, Thomson Locations: . U.S

A man walks past a sign of Geely's new premium electric vehicle (EV) brand Zeekr at its factory in Ningbo, Zhejiang province, China April 15, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid 2021. Geely, formally Zhejiang Geely Holding Group (GEELY.UL), established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Geely, Zeekr, Didi, Andy, Julie Zhu, Scott Murdoch, Christopher Cushing Organizations: REUTERS, Yilei, U.S, Zhejiang Geely Holding, Thomson Locations: Ningbo, Zhejiang province, China, HONG, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan, Sydney

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

☆ Westpac flags higher expenses in quarterly update; shares drop
▼ + stars: | 2023-08-21 | by ( Archishma Iyer | ) www.reuters.com time to read: +2 min

Shares of Sydney-based Westpac fell about 2.1% to trade at A$20.82 at 0040 GMT, hitting their lowest since July 12. Broadly, Australia's major banks have all flagged stiff competition in the mortgage space, along with higher expenses as inflationary pressures weigh. The higher interest rates have also contributed to increased living costs, which are pushing up debt arrears. Westpac did not publish a comparable quarterly net profit figure for the same period a year earlier. The figure reported on Monday was below the A$2 billion average profit for the first two quarters of fiscal 2023.

Persons: David Gray, Riya Sharma, Archishma Iyer, Sam Holmes, Christopher Cushing Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac Banking Corp, Sydney, Westpac, Citi, Commonwealth Bank of Australia, Australia Bank, Thomson Locations: Sydney, Australia

☆ DuPont to sell Delrin resins unit to PE firm for around $1.8 bln - Bloomberg News
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc (DD.N) is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. Dupont and Jordan Company did not immediately respond to Reuters' request for comment.

Persons: Denis Balibouse, Delrin, Dupont, Gokul Pisharody, Kanjyik Ghosh, Muralikumar Anantharaman, Christopher Cushing Organizations: REUTERS, DuPont De Nemours Inc, Jordan Company, Bloomberg, Lone Star, Equity, Bloomberg News, DuPont, Reuters, Thomson Locations: Dupont, Geneva, Switzerland, Bengaluru

☆ UN chief concerned by 'deplorable' living conditions of Niger's president
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

U.N. Secretary-General Antonio Guterres speaks about the Black Sea grain corridor outside U.N. Security Council at U.N. headquarters in New York City, U.S., July 17, 2023. REUTERS/Brendan McDermid/File PhotoUNITED NATIONS, Aug 9 (Reuters) - U.N. Secretary-General Antonio Guterres is very concerned about the reported "deplorable living conditions" of Niger's President Mohamed Bazoum and his family in arbitrary detention, a U.N. spokesperson said in a statement on Wednesday. "The Secretary-General reiterates his concern over the health and safety of the President and his family and once again calls for his immediate, unconditional release and his reinstatement as Head of State," the U.N. spokesperson said. Reporting by Michelle Nichols; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Guterres, Brendan McDermid, Mohamed Bazoum, Michelle Nichols, Christopher Cushing Organizations: Security, REUTERS, UNITED NATIONS, Thomson Locations: U.N, New York City, U.S

☆ Sony shares slide after weak Q1
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

FILE PHOTO-An employee of the consumer electronics retailer chain Bic Camera works at the promotion display for the Sony PlayStation 5 game console and its gaming softwares in Tokyo, Japan, November 10, 2020. Picture taken November 10, 2020. REUTERS/Issei Kato/File PhotoTOKYO, Aug 10 (Reuters) - Shares in Japan's Sony (6758.T) fell 6% in early trading in Tokyo after the entertainment conglomerate reported a 31% slide in operating profit in the April-June quarter due to lacklustre performance at its movies and financial divisions. Reporting by Sam Nussey; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Sam Nussey, Christopher Cushing Organizations: Sony PlayStation, REUTERS, Sony, Thomson Locations: Tokyo, Japan

☆ Siemens sees weakening demand trends as Q3 misses forecasts
▼ + stars: | 2023-08-10 | by ( John Revill | ) www.reuters.com time to read: +3 min

Sven Hoppe/Pool via REUTERS/File PhotoSummaryCompanies Company lowers guidance for digital industries businessSees weakening demand in ChinaOrders decline in all regions as customer buying normalisesZURICH, Aug 10 (Reuters) - Siemens (SIEGn.DE) missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China. Siemens said it was now seeing a "normalisation of demand" after customers pre-bought last year to avoid shortages. During its third quarter, Siemens orders rose 10% to 24.24 billion euros, beating forecasts of 22.19 billion euros. Revenue rose 6% to 18.89 billion, missing forecasts for 19.27 billion euros. Net profit of 1.44 billion euros also missed forecasts.

Persons: Roland Busch, Sven Hoppe, John Revill, Christopher Cushing, Jason Neely Organizations: Siemens, ZURICH, Thomson Locations: Munich, Germany, China, Europe

☆ Japan lodges protest with Russia over suspension of tax treaties
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Japan's Education Minister Hirokazu Matsuno speaks at a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan, August 3, 2016. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO, Aug 9 (Reuters) - Japanese Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday that Japan has lodged a protest with Russia over Moscow's suspension of tax treaties. "Japan lodged a protest against Russia through diplomatic channels and asked them to withdraw their decision," he said. Matsuno also said that the government would closely examine Russia's decision, and would collect information on the situation of Japanese companies there and take appropriate action. Reporting by Kaori Kaneko; Editing by Christopher Cushing and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Hirokazu Matsuno, Shinzo, Kim Kyung, Vladimir Putin, Russia's, Matsuno, Kaori Kaneko, Christopher Cushing, Gerry Doyle Organizations: Japan's, REUTERS, Thomson Locations: Tokyo, Japan, Russia

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