TOKYO: Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 – revising an earlier plan to aggressively expand its renewables businesses, its president said. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair […]
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HANOI : Vietnam will officially revise up its gross domestic product growth target for 2025 to 8.0 per cent from 6.5 per cent-7.0 per cent, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday. Imports and exports are both expected to grow 12 per cent this year, Dung […]
NEW YORK: World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies “that are at the forefront of reshaping global finance.” WLF said in a statement posted […]
TOKYO: Japan’s economy probably expanded in the final three months of 2024 marking a third quarter of consecutive growth, a Reuters poll showed, as strong business investment outweighed anaemic consumption. The Bank of Japan raised short-term interest rates last month to their highest in 17 years, and growth momentum in […]
MUMBAI : The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year. The Monetary Policy […]
The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump’s pivot away from the policies of the prior administration and a win for the crypto sector. In a notice posted on its website, the SEC […]
CAPE CANAVERAL, Florida: Jeff Bezos in an interview with Reuters on Sunday said he does not think SpaceX CEO Elon Musk will use his close ties with U.S. President-elect Donald Trump to undercut his space company Blue Origin, adding he feels “very optimistic” about the incoming administration’s space agenda. “Elon […]
TOKYO : The broad shift towards renewable energy in the U.S. will continue even under the incoming administration of Donald Trump, said the head of the Americas arm of Japan’s largest banking group, Mitsubishi UFJ Financial Group. President-elect Trump’s anti-renewables rhetoric has not prompted a change in strategy, MUFG Americas […]
TOKYO : Top Japanese finance officials said on Friday the government is “alarmed” by recent foreign exchange moves and is ready to intervene if speculative moves were deemed excessive, as the yen resumed its rapid downturn. Against the Japanese yen, the dollar rose to a top of 157.93 on Friday, […]
WASHINGTON: Elon Musk’s role in wrecking a bipartisan Congress deal to avert a US government shutdown has underlined his extraordinary influence over the Republican Party and the incoming administration of Donald Trump. In addition to his usual title of the world’s richest man, Democrats are now describing him as “President […]