Tokyo Electric Power Co. is aiming to sell around 200 billion yen ($1.3 billion) of assets within three years, as it looks to fund its Fukushima clean-up efforts and meet rising power demand. Japan’s biggest utility has identified 60 or so properties to sell, and would also offload some securities holdings and affiliate shares, it said in a business plan that was approved by the government on Mond...
Tokyo Electric Power Co. is aiming to sell around 200 billion yen ($1.3 billion) of assets within three years, as it looks to fund its Fukushima clean-up efforts and meet rising power demand. Japan’s biggest utility has identified 60 or so properties to sell, and would also offload some securities holdings and affiliate shares, it said in a business plan that was approved by the government on Monday. The asset sales would cut around 3.1 trillion yen of costs through 2034, and Tepco will also seek proposals from potential alliance partners to secure investments and boost its business, it said. The utility needs funds to continue decommissioning the Fukushima Dai-ichi Nuclear Power Plant, which was hit by a meltdown after an earthquake and tsunami in 2011. Rising electricity demand from data centers used for artificial intelligence is also increasing the need for more investment. Tepco recently restarted a reactor at its Kashiwazaki Kariwa nuclear plant, although the process has been delayed by electrical issues. Read More: Tepco Restarts Its First Nuclear Plant Since Fukushima Disaster Tepco shares rose as much as 2.5% on Monday, while Japan’s Topix Index dropped.
(RTTNews) - The Hong Kong stock market has moved higher in three straight sessions, collecting more than 820 points or 3.9 percent along the way. The Hang Seng Index now rests just above the 21,520-point plateau and it's got a solid lead again for Tuesday's trade. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. market...
(RTTNews) - The Hong Kong stock market has moved higher in three straight sessions, collecting more than 820 points or 3.9 percent along the way. The Hang Seng Index now rests just above the 21,520-point plateau and it's got a solid lead again for Tuesday's trade. The global forecast for the Asian markets is upbeat, supported by the oil, finance and technology sectors. The European and U.S. markets saw modest upside and the Asian bourses are expected to follow suit. The Hang Seng finished sharply higher on Monday with gains from the financial shares, property stocks and technology companies. For the day, the index surged 388.44 points or 1.84 percent to finish at 21,521.98 after trading between 21,223.61 and 21,539.63. Among the actives, Alibaba Group soared 5.50 percent, while Alibaba Health Info skyrocketed 9.16 percent, ANTA Sports added 0.81 percent, China Life Insurance rose 0.66 percent, China Mengniu Dairy advanced 1.84 percent, China Resources Land climbed 1.92 percent, CITIC gathered 0.56 percent, CNOOC sank 0.54 percent, CSPC Pharmaceutical improved 1.76 percent, Galaxy Entertainment shed 0.51 percent, Haier Smart Home gained 0.79 percent, Hang Lung Properties increased 1.31 percent, Henderson Land fell 0.23 percent, Hong Kong & China Gas perked 0.51 percent, Industrial and Commercial Bank of China collected 0.93 percent, JD.com accelerated 2.80 percent, Lenovo lost 0.33 percent, Li Auto jumped 2.33 percent, Li Ning slumped 1.23 percent, Meituan surged 5.58 percent, New World Development was up 0.47 percent, Nongfu Spring strengthened 1.96 percent, Techtronic Industries tumbled 1.86 percent, Xiaomi Corporation spiked 3.06 percent and WuXi Biologics rallied 2.35 percent. The lead from Wall Street is positive as the major averages opened higher on Monday and remained in the green throughout the trading day. The Dow climbed 167.01 points or 0.38 percent to finish at 44,470.41, while the NASDAQ rallied 190.87 points or 0.98 percent to close at 19,714.27 and th...
由內地輸入零碳電力 謝展寰：有信心電力價格保持低水平 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】立法會環境事務委員會上有議員關注由內地輸入零碳電力，長遠可否降低本港電費價格，環境及生態局局長謝展寰表示有信心輸...
由內地輸入零碳電力 謝展寰：有信心電力價格保持低水平 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】立法會環境事務委員會上有議員關注由內地輸入零碳電力，長遠可否降低本港電費價格，環境及生態局局長謝展寰表示有信心輸入零碳電力可以使電力價格保持低水平。 新界西北（實政圓桌）莊豪鋒：「究竟現時從內地買電與香港自己造電成本差多少？可否靠內地買電長遠降低我們的電費價格？」選委會界別（民建聯）葛珮帆：「根據文件，你說輸入電力系統強化工程2026年便可完成，但何時才可引入內地陸電供港？可以供多少？」 謝展寰：「大亞灣來香港的核能這裏佔四分之一，我們現在做的工程將它由25%加至35%。另外我們正設計透過將軍澳的新路線可以再入多35%，2035年目標到60至70%。我們相信將內地零碳電力增加這麼大比例，一定有助香港電力價格保持低水平，但降低多少，因為實際供應價格仍在討論，具體數字實際說不定。」
財政預算案｜廠商會盧金榮冀優化採購 公營項目香港品牌優先 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】新一份財政預算案下個月發表，廠商會提出超過90項建議，會長盧金榮期望政府優化採購機制，在公營項目中加入香港品...
財政預算案｜廠商會盧金榮冀優化採購 公營項目香港品牌優先 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】新一份財政預算案下個月發表，廠商會提出超過90項建議，會長盧金榮期望政府優化採購機制，在公營項目中加入香港品牌優先的條件。 盧金榮：「政府採購程序加入香港品牌，做一個加分制，希望可以幫助本地企業，尤其是做品牌的企業。很多時這些品牌企業未必很大，所以用一個普通招標形式價錢方面未必可以做到，但是品質很好，又本地品牌，所以我們這樣建議，與政府採購事件無關。」
French insurer AXA’s Hong Kong unit, one of the city’s largest life and general insurers, has become the second insurance company to move its domicile to Hong Kong from Bermuda, according to a statement on Monday. At least three other local insurers , including the local unit of Canada’s Sun Life, were planning the same move after a law change in May simplified the process, according to industry p...
French insurer AXA’s Hong Kong unit, one of the city’s largest life and general insurers, has become the second insurance company to move its domicile to Hong Kong from Bermuda, according to a statement on Monday. At least three other local insurers , including the local unit of Canada’s Sun Life, were planning the same move after a law change in May simplified the process, according to industry players. AXA was the first to begin the process after the rule change, but Manulife International was the first insurer to complete the move, in December Advertisement “The redomiciliation underscores our strong confidence in Hong Kong’s strategic importance and growth potential, and reflects our unwavering commitment to serving customers with resilience and innovation,” said Sally Wan Yuen-wai, CEO of AXA Greater China. “With this redomiciliation now complete, we are even better positioned to capitalise on Hong Kong’s vibrant momentum as Asia’s leading risk-management and insurance hub.” Advertisement Wan said Hong Kong was a gateway to the Greater Bay Area , where insurance penetration was low, making it a high-growth area. The Greater Bay Area comprises Hong Kong, Macau and nine mainland cities in Guangdong province. “There’s clearly a high growing need for good quality healthcare and wealth planning solutions,” Wan said. “Opportunities in wealth protection and legacy planning for high-net-worth clients are also promising.”
(RTTNews) - Baker Hughes Company (BKR) reported that its net income attributable to the company for the fourth-quarter declined to $876 million or $0.88 per share from $1.179 billion or $1.18 per share in the same quarter last year. Adjusted earnings per share for the quarter were $0.78 up from $0.70 in the prior year. Analysts expected the company to report earnings of $0.67 per share for the qua...
(RTTNews) - Baker Hughes Company (BKR) reported that its net income attributable to the company for the fourth-quarter declined to $876 million or $0.88 per share from $1.179 billion or $1.18 per share in the same quarter last year. Adjusted earnings per share for the quarter were $0.78 up from $0.70 in the prior year. Analysts expected the company to report earnings of $0.67 per share for the quarter. Analysts' estimates typically exclude special items. Revenue for the quarter was $7.386 billion, up from $7.364 billion last year. Analysts expected revenue of $7.08 billion for the quarter. For 2026, the company anticipates overall organic Adjusted EBITDA growth in the mid-single digits range, with Industrial & Energy Technology ("IET") expanding margins to our 20% target and Oilfield Services & Equipment ("OFSE") remaining relatively flat. BKR closed regular trading at $53.80 on January 23, down $0.78 or 1.43%. In overnight trading on January 25 at 8:08 PM EST, the stock rebounded to $56.22, gaining $2.42 or 4.50%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Christopher Hui, Hong Kong Financial Services and the Treasury Secretary, says the city is launching a gold futures contract as part of an effort to advance its gold hub ambitions. He speaks with David Ingles and Yvonne Man from the sidelines of the Asian Financial Forum in Hong Kong. (Source: Bloomberg)
Christopher Hui, Hong Kong Financial Services and the Treasury Secretary, says the city is launching a gold futures contract as part of an effort to advance its gold hub ambitions. He speaks with David Ingles and Yvonne Man from the sidelines of the Asian Financial Forum in Hong Kong. (Source: Bloomberg)
'Starmer triggers Labour civil war' and 'Republicans break ranks' 8 minutes ago Share Save Share Save BBC Almost all of the papers are leading on a "Labour civil war", after Mayor of Greater Manchester Andy Burnham was blocked from standing as a candidate for the upcoming parliamentary by-election in Gorton and Denton by the party's ruling body. The i Paper reports the prime minister is facing "co...
'Starmer triggers Labour civil war' and 'Republicans break ranks' 8 minutes ago Share Save Share Save BBC Almost all of the papers are leading on a "Labour civil war", after Mayor of Greater Manchester Andy Burnham was blocked from standing as a candidate for the upcoming parliamentary by-election in Gorton and Denton by the party's ruling body. The i Paper reports the prime minister is facing "condemnation from within his own party", with one minister telling the publication that the move has made Sir Keir Starmer look "cowardly". "Labour MPs revolt over blocking of Burnham" reads the Times, which says the block saw Sir Keir defy calls from senior figures in his own party. According to the paper, Ed Miliband, Angela Rayner and Lucy Powell all advised that Burnham should be allowed to stand in the Gorton and Denton by-election, in part due to a "significant risk" that Labour could lose the constituency to Reform UK. The paper warns that a combination of by-election defeat and the local elections in May could "prove fatal for Starmer". Sir Keir is now facing his "biggest Labour civil war yet", says the Express. The Telegraph has taken a similar approach, declaring the Labour party in "open revolt". The paper says a letter is circulating among backbenchers which claims that the decision amounted to a "remote stitch-up from a small group of people at the very top of London". The Daily Mail leads on a reported warning to the PM that his decision to block Burnham's return has only "hastened his demise" and make it more likely that he will face a leadership challenge. The Metro quotes Labour MP Karl Turner saying that "there'll be a lot of bloodletting" as a result of the decision. The Financial Times reports mounting backlash against Donald Trump, following the killing of a second person in Minneapolis by federal agents. It quotes top Republicans who have publicly condemned the shooting, such as Oklahoma Governor Kevin Stitt, who said the president is "getting bad advice...