Ken's Feed
Aug 8, 2014

Iselle lashes Hawaii with wind, rain as Julio threatens

KAPAAU Hawaii (Reuters) – Tropical Storm Iselle pummeled the Hawaiian Islands with high winds and heavy rain on Friday, forcing hundreds to seek shelter and knocking out power to 23,000 people as residents kept a wary eye on an even more powerful storm headed their way.

Iselle weakened into a tropical storm before reaching Hawaii and officials said it was blunted to some extent by the state’s mountainous Big Island, though high winds and heavy rain were still expected to lash smaller islands in the chain.

Jan 3, 2014

Exclusive: Turmoil at East-West Center in Hawaii as energy team quits

HONOLULU (Reuters) – The East-West Center in Hawaii, a U.S. government-funded institute to promote better relations with Pacific and Asian nations, is hardly a center of harmony these days.

At yearend, the four-person energy research team resigned, protesting funding and job cuts and accusing the center’s president of jeopardizing the viability of the 54-year-old institution, which receives about $16 million in federal funding and has been a respected forum for geopolitical research and discussion.

Jan 3, 2014

Turmoil at East-West Center in Hawaii as energy team quits

HONOLULU, Jan 3 (Reuters) – The East-West Center in Hawaii,
a U.S. government-funded institute to promote better relations
with Pacific and Asian nations, is hardly a center of harmony
these days.

At yearend, the four-person energy research team resigned,
protesting funding and job cuts and accusing the center’s
president of jeopardizing the viability of the 54-year-old
institution, which receives about $16 million in federal funding
and has been a respected forum for geopolitical research and
discussion.

Jul 4, 2012

China grid, Portugal’s REN ink joint venture MOU

BEIJING, July 4 (Reuters) – China’s dominant utility firm
State Grid Corp has agreed with Portugal’s power grid operator
to set up a technology research and development centre in
Portugal and a joint venture consulting firm, State Grid said in
a statement.

The firm said on its official website it had signed a
memorandum of understanding (MOU) on Wednesday with Redes
Energeticas Nacionais SGPS SA (REN).

Jun 28, 2012

Peugeot Citroen targets China’s luxury buyers

BEIJING (Reuters) – PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research, Stock Buzz) is targeting China’s luxury buyers as it strives to win a bigger share of the world’s largest auto market and expects sales there to reach 15 percent of its global total by 2015, its Asia head said on Thursday.

The struggling French car maker, which last year had 11 percent of its sales in China, aims to almost double its sales of lower-range cars there by 2015 as it comes from behind market leaders General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz).

Jun 14, 2012

Exclusive: Nissan plans $785 million north China plant, to challenge VW, Toyota: source

BEIJING (Reuters) – Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz), the biggest Japanese automaker in China, is to build a 5 billion yuan ($785 million) plant in the northeast of the country, a person with knowledge of the plan said, extending its reach in the world’s largest auto market.

The plant, in Dalian city, is part of Nissan’s 30 billion yuan investment in China by end-2015, vying with General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and other global automakers also looking to the emerging Asian giant for growth as more developed markets stutter.

Jun 14, 2012

Nissan, Dongfeng plan $785 mln China plant – source

BEIJING, June 14 (Reuters) – Nissan Motor Co, the
largest Japanese automaker in China, plans a more than 5 billion
yuan ($785 million) plant in northeastern China, a person with
knowledge of the plan told Reuters, as it ramps up in the
world’s largest auto market.

The plant, in Dalian city, is part of a scheme by Nissan to
invest 30 billion yuan in China by the end of 2015, racing
against General Motors and other global automakers which
are also looking to China for growth as more developed markets
stutter.

Jun 12, 2012

China airlines see profits tumbling, fear euro zone knock-on

BEIJING (Reuters) – Lower oil prices this month have lessened the pain for struggling Chinese airlines, but a slowing domestic economy and a darkening outlook for consumers worried about Europe’s debt crisis pose risks outside their control, industry executives said this week.

Company leaders attending the International Air Transport Association (IATA) meeting in Beijing said they have renewed concerns about the outlook for the country’s biggest carriers, all of which were bringing in hefty profits only two years ago.

Jun 9, 2012

China May car sales up 22.6 percent year-on-year: official data

BEIJING (Reuters) – Car sales in China rose 22.6 percent in May from a year earlier, according to data released on Saturday, extending the double-digit gain made in the previous month, as new models premiered at April’s Beijing autoshow started to hit the showrooms.

In May a total of 1.28 million sedans, sport utility vehicles (SUVs), multi-purpose vehicles (MPVs) and minivans were sold in the country, the China Association of Automobile Manufacturers (CAAM) said. In the same month of 2011, that number was 1.04 million.

May 28, 2012

Nissan to make Infiniti at $315 mln China plant from 2014

BEIJING, May 28 (Reuters) – Nissan Motor Co,
Japan’s No.2 automaker, will start making Infiniti cars at a
2-billion-yuan ($315 million) plant in China from 2014 as it
moves to challenge the dominance of German rivals in the world’s
largest auto market.

Chinese-made Infiniti cars would put Nissan on a more level
playing field with Audi AG, Mercedes Benz and BMW AG
, which have been making cars in China for years,
industry observers say. Imported Infiniti cars have been
available in China since 2007.