Japanese trading giant Itochu Corp.’s tender offer to acquire FamilyMart Co. in 2020 was too cheap, a Tokyo court said, handing a rare victory to activist shareholders who fought for a higher price.
It may be too soon for the Philippine central bank to pause from raising interest rates at its next policy meeting in May, Governor Felipe Medalla said, signaling its most aggressive tightening cycle in two decades could continue.
The International Monetary Fund said the Bank of Japan should avoid a premature exit from monetary easing and outline conditions for raising its negative interest rate in order to improve its communication.
Bets on a weaker dollar are safe if investors are more worried about a slowing US economy than a full-blown banking crisis, according to Standard Chartered Plc.
Giant wind turbines are poised to get even bigger, according to Ming Yang Smart Energy Group Ltd., a manufacturer that already offers equipment fitted with vast 140-meter-long blades.
Flying Tiger Copenhagen, the variety retailer that sells everything from water guns to yoga mats, plans to push into Asia to more than double its number of stores globally.
China’s biggest state-owned banks warned of a tough 2023 as uncertain economic conditions may squeeze earnings after most delivered better-than-estimated profit growth for last year.
South Korea’s prosecution of the opposition leader on criminal charges has caused rifts in the progressive bloc, with lawmakers worried it could hurt their chances of keeping control of parliament in next year’s elections.
Hyundai Motor Co. will distribute free steering-wheel locks in the US and upgrade anti-theft software on 4 million vehicles after a spate of TikTok-inspired car thefts.
Raging forest fires in northern Thailand are threatening to worsen the country’s air pollution, which has sent nearly two million people to hospitals with respiratory illnesses since the beginning of the year.
