Thailand

The Thai Finance Minister announced on Monday that Thailand had submitted a new proposal to the United States. It offered to reduce tariffs to zero for many U.S. imported products in an effort to avoid steep tariff increases on its own goods. Washington has threatened to levy a 36% tax on Thai imports, if no agreement is reached before July 9th when the 90-day period that caps tariffs at 10% for most countries expires. Last year, the United States was Thailand's largest export market, accounting for 18.3%, or $54,96 billion, in total. Washington claims that its trade deficit with Thailand...

According to a petition from investors, Vietnam's state-owned power utility has reduced the subsidised prices that it pays for electricity generated by solar and wind farms. These farms now face defaulting on their bank debts. The document was sent to Vietnam's highest authorities on May 16, and follows a letter from the majority of signatories in which they warned that billions of dollars were at risk due to retroactive changes made by Vietnamese authorities to subsidies, even though they were targeting a massive expansion of solar energy capacity. Documents show that, starting with invoices for January, a subsidiary EVN's Vietnam...

Mao Saigo, a Japanese player, won the Chevron Championship after beating four other players in a sudden-death playoff. The 23-year old won his first major after being tied with Ryu Haeran of South Korea after three rounds. However, a few late mistakes led to a score of two over par on Sunday. She sank a birdie on the par five 18th hole to keep herself in it. She joined China's Yin Ruoning and South Korean Kim Hyo Joo as well as Thailand's Ariya Jutanugarn, and Lindy Duncan from the United States, in the playoff. In a televised statement, she said:...

Two sources familiar with the matter have confirmed that Japan's Itochu has withdrawn from a proposed buyout of Seven & i Holdings by the founding family. Seven & i founders Ito family started talks with the Canadian company Alimentation Couche-Tard to privatize the company for a reported $58 billion. Nikkei reported on Wednesday morning that Itochu decided to not participate in the purchase. Nikkei reported that Itochu considered investing 1 trillion yen (6.69 billion dollars) but saw little synergy between its food and beverages business and Seven & i. Seven & i & Itochu declined comment. Itochu's decision not to...

U.S. trade officials on Friday announced a brand-new round of tariffs on solar panel imports from 4 Southeast Asian nations after American manufacturers grumbled that business there are flooding the marketplace with unjustly low-cost products. It is the second of 2 initial decisions that President Joe Biden's Commerce Department is making this year in a trade case brought by Korea's Hanwha Qcells, Arizonabased First Solar Inc and several smaller producers seeking to protect billions of dollars in financial investments in U.S. solar manufacturing. This is the latest chapter in a more than decadelong trade war with Chinese companies over their...

A take a look at the day ahead in Asian markets. Trading in Asia begins on Monday with the worldwide macro and market landscape all of a sudden appearing really various from how it searched Friday, thanks to a set of U.S. work figures that not even the most bullish of forecasters expected. The September non-farm payrolls report on Friday was unequivocally strong on all fronts, and throws into doubt the projected path for U.S. rate of interest that financiers - and possibly the Fed too - had started to settle on. The instant shift in U.S. rate futures markets...

India has raised the fundamental import tax on crude and fine-tuned edible oils by 20 portion points, the government stated on Friday, as the world's greatest edible oil importer attempts to assist secure farmers reeling from lower oilseed prices The move could lift edible oil prices and dampen need and consequently decrease abroad purchases of palm oil, soyoil and sunflower oil. After the duty walking announcement, Chicago Board of Trade soyoil extended losses and fell more than 2%. New Delhi on Friday imposed a 20% fundamental customs task on crude palm oil, crude soyoil and unrefined sunflower oil from Sept....

Thailand's cabinet on Tuesday consented to increase the size of a current federal government equity mutual fund to invest in Thai stocks, a deputy financing minister stated, as the government looks for to support Asia's worst carrying out bourse this year. The fund will be positive for the capital market and offer a choice for savings, Paopoom Rojanasakul told reporters, without divulging the increased fund quantity. Finance Minister Pichai Chunhavajira has previously stated the size of the Vayupak Mutual Fund would be raised by 100 billion baht ($ 2.84 billion) to 150 billion baht. Pichai and other officials will hold...

A look at the day ahead in Asian markets. The very first meaning that appears in an online search for the meaning of durability is the capacity to withstand or to recover rapidly from troubles; durability. In worldwide markets today, one word probably is adequate: Nasdaq or Nvidia. Shares in the world's AI and chip beloved roared back 6.8%. on Tuesday for their best day in a month, enough to recover the. previous day's downturn, narrow the current correction, and set the. tone for a tech-led increase in U.S. and international equities. There was no fresh news or motivation behind...

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Skydance Media was awaiting a response to its enhanced quote for home entertainment conglomerate Paramount Global, in which it provided to buy nearly half of the nonvoting Paramount shares at $15 each, according to a source acquainted with the matter. ** German state lender KfW will offer 110 million shares in Deutsche Telekom for 2.5 billion euros ($ 2.7. billion), the bank said, as part of government strategies to sell its. holdings in companies to invest in the country's rail network. ** Waste Management stated...

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Waste Management stated it will take Stericycle personal in a deal valued at $7.2 billion, as it looks to take advantage of the growing health care waste disposal market in the United States. ** Edwards Lifesciences stated it has actually consented to sell its important care items unit to Becton Dickinson in an all-cash offer valued at $4.2 billion to sharpen focus on its heart gadgets organization. ** Billionaire Bill Ackman's Pershing Square Capital Management has actually raised $1.05 billion by offering 10% stake in...

Following are the leading stories on the service pages of British papers. has not verified these stories and does not guarantee their precision. The Times - British drugmaker GSK said on Thursday it prepares to sell about 385 million shares, representing its entire shareholding, in spun-off consumer health care service Haleon . - Johan Lundgren will step down as the president of budget airline easyJet at the turn of the year after seven years at the helm. The Guardian - A union representing workers at the Harland & & Wolff shipyard in Belfast has actually composed to the chancellor, Jeremy...

Nippon Steel is Japan's largest steelmaker. It expects to report an annual profit drop of 14% before one-offs in the current fiscal year. However, it did not include its outlook for U.S. Steel due to the significant challenges on the U.S. Market. The Japanese steelmaker is expecting a underlying business gain, or profit adjusted to remove one-offs of 680 billion dollars for the fiscal year ending March. This is down from last year's 793.7 billion dollars. Nippon Steel acquired U.S. Steel for $15 billion in June. The company said that it had excluded the U.S. Steel business from its fiscal...

Lithium Argentina’s Cauchari-Olaroz Project in northern Argentina aims to produce 85,000 tons of battery metal per year by 2029. This is more than triple the output last year, according to Executive Vice President Ignacio Celorrio. This is one of six projects in Argentina that produce lithium, which is used to make batteries for electric cars. Lithium Argentina (listed in Canada and the U.S.) and Ganfeng Lithium, a Chinese company, are developing Cauchari-Olaroz in the Lithium Triangle, which spans Argentina and Chile, as well as Bolivia. Celorrio, speaking on the sidelines a lithium-related conference in Buenos Aires on Tuesday, said that...

U.S. Copper Futures soared by nearly 6% Monday, increasing their premium over London Prices amid growing speculation about new import tariffs after President Donald Trump’s latest aluminum trade measures. Trump announced on Friday that he would increase the tariffs on steel and aluminum imports to 50%, up from 25%. U.S. Comex Copper Futures rose 5.7% to $4.9175 a pound. This is the highest price since April 3. The benchmark three-month copper price on the London Metal Exchange rose by 1.1% at $9,597.50 a metric ton as of 0944 GMT. The COMEX premium over the LME, a global benchmark price, has...

Danish jeweller Pandora estimated on Thursday that the total impact of U.S. Tariffs on its company would be around 1.2 billion Danish Crowns ($178.34 millions) per year. This is before any mitigation actions taken by the company. Pandora's shares fell 12% to a low of 15 months on Thursday after U.S. president Donald Trump raised duties on imports of goods from many countries. This included a 37% duty on Thailand where the company has two factories that produce most of its charms bracelets and other jewelry. Pandora's biggest market, the U.S.A., which accounted for 31% in revenue last year, estimated...

Sugarcane yields in India are decreasing due to in 2015's dry spell and this year's extreme rains, which could decrease the country's sugar production below usage levels for the first time in eight years, farmers and market officials said on Monday. Lower-than-expected output by the world's second-largest sugar producer might eliminate the possibility of India permitting exports in the existing season ending in September 2025, supporting worldwide sugar prices. Maharashtra, Karnataka, and Uttar Pradesh account for more than 80% of the nation's total sugar production, with lower walking cane yields in these states prompting trade homes to decrease their output...

On Thailand's eastern coast, strategies are underway to develop an electric arc heater that will provide green steel to Europe and benefit from controversial brand-new guidelines that will require buyers to pay tariffs on highcarbon imports. Federal governments and market associations in Asia have lobbied ferociously against Europe's Carbon Border Change Mechanism ( CBAM) and it could cast a shadow over COP29 environment talks in Baku, Azerbaijan, next week, with China and others calling for an end to green trade barriers. CBAM was created to stop European companies averting carbon compliance expenses by sourcing commodities from regions with laxer ecological...

Siam Cement Group (SCG). , Thailand's largest industrial conglomerate, said on. Monday it has actually suspended business operation at its $5.4 billion. Long Son Petrochemicals complex in Vietnam after just one month. due to the chemicals' low margin. The chemicals industry has been grappling with high. inventory and destocking for the previous couple of quarters, putting. pressure on numerous firms. The resumption will depend upon worldwide vibrant demand, SCG. said in a statement to Reuters. SCG did not provide a clear timeframe for the suspension but. expected the chemicals industry would remained tough well. into the 2025. LSP, which began...

All duties of Myanmar's token president have been moved to the chief of the judgment junta, Minutes Aung Hlaing, after the small head of state was placed on medical leave following a period of extended health problem, state television stated on Monday. Myanmar has actually been in swallowed up in chaos since Feb. 2021 when the military led by Min Aung Hlaing ousted an elected civilian government in a coup, activating a wave of protests that has transformed into an across the country armed rebellion versus the junta. Although Myint Swe, 73, is just a token president, the junta has...

There was little caution of the mayhem that was to come as passengers on Singapore Airlines flight SQ321 relaxed with just three hours to Singapore after a long haul flight from London. However as the Boeing 777-300R overlooked Myanmar it unexpectedly hit extreme turbulence, extremely tossing travelers, flight attendants and meals around the cabin. Unexpectedly the aircraft begins tilting up and there was shaking, Malaysian student Dzafran Azmir said. The 28-year-old braced himself and inspected he had his seatbelt on. He did. A lot of the other guests did not, he said. There was a really remarkable drop so everybody...