ROME (Reuters) – Italy summoned Venezuela’s chief diplomat in Rome on Wednesday to protest over a lack of information on the fate of an Italian national arrested in the Latin American country two months ago, the foreign ministry said. NGO worker Alberto Trentini, 45, was arrested in Venezuela in November but no formal charges have …
Italy protests to Venezuela over arrest of NGO worker Read More »
FRANKFURT (Reuters) – Euro zone industrial production rose as expected in November but not enough to erase earlier losses and new data were unlikely to signal any major turnaround for a sector in its second year of recession, data from Eurostat showed on Wednesday. Industrial output in the 20 nations sharing the euro rose by …
Euro zone’s depressed industry records small rebound in November Read More »
BEIJING (Reuters) -A joint venture of Shell and CNOOC plans to expand its petrochemical facility in south China’s Guangdong province in a project targeted for completion in 2028, the company said in a statement on Wednesday. CSPC, or CNOOC and Shell Petrochemicals Co, will add a third ethylene cracker with a production capacity of 1.6 …
Shell, CNOOC joint venture to expand south China petrochemical complex Read More »
BEIJING (Reuters) – China’s State Grid will invest a record over 650 billion yuan ($88.7 billion) in the country’s power grid this year, state-run CCTV said on Wednesday, up from 600 billion in 2024. The country’s main national grid operator said it would focus on optimising the power grid, strengthening distribution infrastructure and providing for …
China’s State Grid outlays record $88.7 billion investment for 2025 Read More »
SINGAPORE (Reuters) – Real estate group GuocoLand has secured two green loans amounting to a total of S$1.24 billion ($907.8 million) from Singaporean lenders DBS and Oversea-Chinese Banking Corp, it said in a statement on Wednesday. The deals comprised a S$1.14 billion green loan, GuocoLand’s largest to date, for the refinancing of its latest mixed …
Developer GuocoLand secures green loans totalling $908 million Read More »
By Shivam Patel NEW DELHI (Reuters) – International power rivalry is playing out in the Indian Ocean region, India’s Defence Minister Rajnath Singh said on Wednesday, adding that a strong naval presence in the key trade route was his country’s biggest priority. While Singh did not name any country, analysts say that China, which commands …
India’s defence minister cites power rivalry in Indian Ocean region Read More »
By Yamini Kalia (Reuters) -If U.S. President-elect Donald Trump has overstated his policy plans there could be upside for asset prices in emerging markets once he takes office, UK wealth manager Ashmore said on Wednesday. Trump’s inauguration takes place on Jan. 20. “If, as was the case following the 2016 US election, the campaign rhetoric …
UK’s Ashmore predicts emerging markets boost if Trump moderates plans Read More »
By Shashwat Awasthi (Reuters) -British recruiters warned that economic and political jitters across Europe have slowed permanent and temporary hiring by companies and that conditions would likely remain subdued in the near term. Financial and political upheaval in markets including France, Germany, and the UK has led employers to limit hiring and discouraged people from …
European hiring slowdown prompts warnings from UK recruiters Read More »
Düsseldorf (Reuters) – Der Markt für Immobilien-Investitionen in Deutschland steuert einer Studie zufolge nach den vergangenen Krisenjahren wieder auf Wachstumskurs. Für das laufende Jahr rechne die Mehrheit der befragten Marktteilnehmer mit einem moderaten Anstieg der Transaktionsumsätze, sagte Paul von Drygalski von EY Real Estate am Mittwoch. Diese könnten 2025 auf rund 40 Milliarden Euro zulegen. …
By Duncan Miriri and Rachna Uppal NAIROBI/ABU DHABI (Reuters) – Kenya has started discussions with the United Arab Emirates to secure financing to complete a regional railway, President William Ruto said, after China cut infrastructure funding to the project. The railway connecting the Kenyan port of Mombasa with landlocked neighbours, as part of China’s Belt …
Kenya turns to the UAE for railway funds after China cut financing Read More »
